Chestnut Foundation
- Assets
- $10.8m
- Revenue
- $2.0m
- Investments
- $9.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 46-3001070
Organization Overview
Chestnut 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. Chestnut 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, Chestnut Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $618.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Chestnut Foundation has awarded 205 individual grants totaling $2,456,234. 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 |
|---|---|---|---|
Asher Kest Treasurer | 2 | $0 | |
Benjamin Kest President | 2 | $0 | |
Rachel Lorber Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,096,835 |
| Interest on Savings | $7 |
| Dividends & Interest | $244,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $683,068 |
| Capital Gain Net Income | $683,068 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $411 |
| Total Revenue | $2,024,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $97,413 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,697 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $92,980 |
| Total operating and administrative expenses | $240,966 |
| Contributions, gifts, grants paid | $377,925 |
| Total expenses and disbursements | $618,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $811,557 |
| Savings and temporary cash investments | $44,185 |
| 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 | $9,496,329 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $461,696 |
| Total assets | $10,813,767 |
| 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, Chestnut Foundation has awarded $377,925 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
OHAVEI TORAH PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $125,000 |
CONG AHAVAS TORAH V'CHESED PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $68,000 |
KOLIEL TISERES YAAKOV PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $50,000 |
CONG CHAKAL YITZCHOK PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $22,500 |
CONG YETEV LEV DSATMAT PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $20,000 |
Lakewood, NJ PURPOSE: PUBLIC SUPPORT OF ORGANIZATION MISSION | $15,375 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |