Stephen A Schwarzman Education Foundation
- Assets
- $9.8m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 45-4757735
Organization Overview
Stephen A Schwarzman Education Foundation is located in New York, NY. The organization was established in 2013. 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. Stephen A Schwarzman Education 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 12/2021, Stephen A Schwarzman Education Foundation generated $26.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $25.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Stephen A Schwarzman Education Foundation has awarded 48 individual grants totaling $49,588,275. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHWARZMAN SCHOLARS AND SCHWARZMAN COLLEGE:THE PROGRAM SUPPORTS UP TO 200 SCHOLARS ANNUALLY FROM THE U.S., CHINA AND AROUND THE WORLD FOR A ONE-YEAR MASTER'S DEGREE PROGRAM AT TSINGHUA UNIVERSITY IN BEIJING, WHERE A RESIDENTIAL COLLEGE WAS CONSTRUCTED THAT WAS MODELED AFTER THE RESIDENTIAL COLLEGES AT HARVARD, YALE, OXFORD AND CAMBRIDGE. SCHOLARS CHOSEN FOR THIS HIGHLY SELECTIVE PROGRAM RESIDE IN BEIJING FOR A YEAR OF STUDY AND CULTURAL IMMERSION, ATTENDING LECTURES, TRAVELING, AND DEVELOPING A BETTER UNDERSTANDING OF CHINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larissa Tiedens Executive Director | 40 | $648,351 | |
Amy Stursberg CEO And Director | 25 | $473,433 | |
Philip Edward Tregaskis Gm/building Operatio | 40 | $393,906 | |
Julia M Zupko Director Career Serv | 40 | $362,165 | |
Debra L Goldberg Director Of Developm | 40 | $352,373 | |
Cordel L Faulk Global Director Admi | 40 | $310,789 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Thacher & Bartlett Llp | 12/30/21 | $1,512,382 |
Ready Set Rocket | 12/30/21 | $1,164,140 |
Portland Post-production | 12/30/21 | $552,213 |
Gsa Property Mgt Limited | 12/30/21 | $1,265,941 |
Clifford Chance Llp | 12/30/21 | $262,453 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,992,000 |
| Interest on Savings | $1,429 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,533,282 |
| Total Revenue | $26,526,711 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $675,933 |
| Other employee salaries and wages | $6,555,783 |
| Pension plans, employee benefits | $1,350,394 |
| Interest | $0 |
| Taxes | $75,689 |
| Depreciation | $80,983 |
| Occupancy | $344,521 |
| Travel, conferences, and meetings | $250,216 |
| Printing and publications | $0 |
| Other expenses | $3,124,905 |
| Total operating and administrative expenses | $18,196,785 |
| Contributions, gifts, grants paid | $7,424,326 |
| Total expenses and disbursements | $25,621,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,298,732 |
| Savings and temporary cash investments | $2,278,695 |
| 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 | $0 |
| Net Land, buildings, and equipment | $199,886 |
| Other assets | $0 |
| Total assets | $9,777,313 |
| 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, Stephen A Schwarzman Education Foundation has awarded $7,619,230 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUPPORT FOR SCHOLARSHIP PROGRAM | $6,833,373 |
Washington, DC PURPOSE: SUPPORT FOR FELLOWSHIP PROGRAM | $300,000 |
ROYAL INSTITUTE FOR INTERNATIONAL AFFAIRS PURPOSE: SUPPORT FOR FELLOWSHIP PROGRAM | $259,432 |
Washington, DC PURPOSE: SUPPORT FOR FELLOWSHIP PROGRAM | $100,000 |
ROYAL INSTITUTE FOR INTERNATIONAL AFFAIRS PURPOSE: SUPPORT FELLOWSHIP PROGRAM | $94,904 |
Washington, DC PURPOSE: ACADEMIC SUPPORT INITIATIVES | $31,521 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Stephen A Schwarzman Education Foundation has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Dalio Foundation Inc Westport, CT PURPOSE: RESTRICTED TO SUPPORT INCREASED ACADEMIC PROGRAM COSTS DUE TO COVID-19 | $1,000,000 |
Dalio Foundation Inc Westport, CT PURPOSE: PORTION OF GRANTS PAID TREATED AS DISTRIBUTION OF CORPUS UNDER TREAS REG 53.4942(A)-3 | -$1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |