Jacques And Natasha Gelman Foundation
- Assets
- $32.9m
- Revenue
- $3.0m
- Investments
- $31.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/2014
- Data as of
- 11/2021
- EIN
- 46-2953602
Organization Overview
Jacques And Natasha Gelman Foundation is located in New York, NY. The organization was established in 2014. 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. Jacques And Natasha Gelman 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 11/2021, Jacques And Natasha Gelman Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.1m during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Jacques And Natasha Gelman Foundation has awarded 47 individual grants totaling $2,732,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet C Neschis President | 30 | $185,000 | |
Marylin G Diamond Vice-President | 10 | $115,000 | |
Barbara Campisi Grants Manager | 8.5 | $26,695 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $258,198 |
| Dividends & Interest | $473,979 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,777,511 |
| Capital Gain Net Income | $1,777,511 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $490,245 |
| Total Revenue | $2,999,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $326,695 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,060 |
| Depreciation | $0 |
| Occupancy | $77,496 |
| Travel, conferences, and meetings | $1,338 |
| Printing and publications | $0 |
| Other expenses | $292,424 |
| Total operating and administrative expenses | $749,064 |
| Contributions, gifts, grants paid | $1,399,000 |
| Total expenses and disbursements | $2,148,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $819,730 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $759,477 |
| Total assets | $32,898,058 |
| 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, Jacques And Natasha Gelman Foundation has awarded $1,399,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL OF THE ART INSTITUTE OF CHICAGO PURPOSE: GRANT FOR OUTREACH PROGRAM IN ART | $250,000 |
New York, NY PURPOSE: GRANT FOR EXHIBITION OF ART | $195,000 |
THE COOPER UNION PURPOSE: GRANT FOR OUTREACH PROGRAM IN THE ARTS AND STUDENT AWARD | $185,000 |
MARYLAND INSTITUTE COLLEGE OF ART PURPOSE: GRANT FOR OUTREACH PROGRAM IN ART | $125,000 |
New York, NY PURPOSE: GRANT FOR MIA PROGRAM IN ART | $100,000 |
New York, NY PURPOSE: GRANT FOR EXHIBITION OF PUBLIC ART | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |