S & G Foundation
- Assets
- $1.2b
- Revenue
- $294.9m
- Investments
- $1.1b
- Employees
- 0
- Location
- albany, NY
- Founding
- 01/1998
- Data as of
- 06/2021
- EIN
- 36-4193183
Organization Overview
S & G Foundation is located in albany, NY. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. S & G 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 06/2021, S & G Foundation generated $294.9m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.1% each year . All expenses for the organization totaled $94.8m during the year ending 06/2021. While expenses have increased by 20.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER
INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelby Mc Davis President - 5 Hours | 0 | $0 | |
Gale L Davis Secretary - 5 Hours | 0 | $0 | |
Lansing A Davis Treasurer - 5 Hours | 0 | $0 | |
Jacob Mnookin Vice President - <1 Hour | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Philip O Geier | 12/30/21 | $0 |
Capital Ideas Inc | 12/30/21 | $1,325,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $200,000,000 |
| Interest on Savings | $40,334 |
| Dividends & Interest | $28,123,037 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $62,967,809 |
| Capital Gain Net Income | $62,967,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,805,503 |
| Total Revenue | $294,936,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $156,048 |
| Taxes | $4,868,929 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,353,173 |
| Total operating and administrative expenses | $13,583,245 |
| Contributions, gifts, grants paid | $81,195,350 |
| Total expenses and disbursements | $94,778,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,859,379 |
| 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 | $732,952,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,180,089,159 |
| 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, S & G Foundation has awarded $103,495,937 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS STOCK (SEE ATTACHMENT) PURPOSE: GENERAL CHARITABLE PURPOSES | $103,417,437 |
VARIOUS CASH (SEE ATTACHMENT) PURPOSE: GENERAL CHARITABLE PURPOSES | $78,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Philantropic Fund Inc New York, NY | $117,589,910 | $175,211,153 |
Pew Memorial Trust Philadelphia, PA | $3,258,905,531 | $312,519,832 |
Barr Foundation Boston, MA | $1,838,977,066 | $449,148,867 |
The Bessemer Giving Fund Woodbridge, NJ | $757,899,558 | $291,598,256 |
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |