Gerard B Lambert Foundation
- Assets
- $86.0m
- Revenue
- $9.5m
- Investments
- $85.4m
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 31-1814353
Organization Overview
Gerard B Lambert Foundation is located in Harrison, NY. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerard B Lambert Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gerard B Lambert Foundation generated $9.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (49.1%) each year. All expenses for the organization totaled $5.8m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (55.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Gerard B Lambert Foundation has awarded 113 individual grants totaling $369,893,923. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
AS PREVIOUSLY REPORTED, IN 2015 THE FOUNDATION RECEIVED FROM THE ESTATE OF RACHEL L. MELLON A 100% INTEREST IN OAK SPRING GARDEN LLC, A LIMITED LIABILITY COMPANY WHOSE ASSETS INCLUDE A LIBRARY BUILDING AND OTHER REAL PROPERTY, FINE ART, BOOKS AND MANUSCRIPTS, AND OTHER PROPERTY USED IN CONNECTION WITH THE MAINTENANCE AND OPERATION OF A LIBRARY THAT PROMOTES THE ADVANCEMENT OF PRACTICAL AND THEORETICAL KNOWLEDGE OF BOTANICAL SPECIMENS, GARDENS, GARDEN DESIGN AND HISTORY. THROUGH THE LLC, THE FOUNDATION INCURRED COSTS AND EXPENSES ASSOCIATED WITH MAINTAINING AND OPERATING THIS LIBRARY, AND ON JULY 1, 2016, THE FOUNDATION TRANSFERRED ITS 100% INTEREST IN THE LLC TO OAK SPRING GARDEN FOUNDATION, A PRIVATE OPERATING FOUNDATION, ESTABLISHED BY RACHEL L. MELLON, THAT WILL CONTINUE TO MAINTAIN AND OPERATE THE LIBRARY IN FURTHERANCE OF ITS CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas L Lloyd Director, President, Treasurer | 4 | $0 | |
Stacy B Lloyd IV Director, Vice President | 4 | $0 | |
Jane Maclennan Director, Secretary | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Wealth Management Llc | 12/30/22 | $372,797 |
Pkf O'connor Davies Llp | 12/30/22 | $149,677 |
Patterson Belknap Webb & Tyler Llp | 12/30/22 | $148,266 |
Pamina Avocats | 12/30/22 | $56,468 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,656 |
| Dividends & Interest | $963,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,583,975 |
| Capital Gain Net Income | $8,124,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $155 |
| Total Revenue | $9,549,805 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $99 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $18,174 |
| Printing and publications | $0 |
| Other expenses | $14,550 |
| Total operating and administrative expenses | $775,445 |
| Contributions, gifts, grants paid | $5,058,882 |
| Total expenses and disbursements | $5,834,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $467,656 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $43,401,018 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $158,601 |
| Total assets | $86,043,475 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gerard B Lambert Foundation has awarded $8,121,084 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CHAPEL & YORK FOUNDATION INC PURPOSE: TO SUPPORT THE ROYAL BOTANIC GARDENS KEW'S USA NATIONAL TOUR OF RORY MCEWEN COLOURS OF REALITY EXHIBITION | $270,000 |
ANNE SPENCER MEMORIAL FOUNDATION INC PURPOSE: TO SUPPORT THE ETHEL EARLY CLARK LIVE EVENT | $6,500 |
CHILDREN'S NATIONAL MEDICAL CENTER PURPOSE: TO SUPPORT CHILDREN WITH ATTENTION-DEFICIT/HYPERACTIVITY DISORDER (ADHD) | $547,848 |
ENDEAVOR THERAPEUTIC HORSEMANSHIP INC PURPOSE: TOWARDS THE CHARLIE ROSE MEMORIAL FUND | $30,000 |
INSTITUTE FOR ADVANCED STUDY PURPOSE: TO SUPPORT THE FIELD OF NEAR EASTERN AND ISLAMIC STUDIES IN THE SCHOOL OF HISTORICAL STUDIES | $200,000 |
INSTITUTE OF CLASSICAL ARCHITECTURE & ART INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |