Quad Family Foundation
- Assets
- $56.0m
- Revenue
- $2.6m
- Investments
- $51.7m
- Employees
- 0
- Location
- Cohoes, NY
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3835222
Organization Overview
Quad Family Foundation is located in Cohoes, 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. Quad Family 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, Quad Family Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Quad Family Foundation has awarded 68 individual grants totaling $10,418,230. 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 |
|---|---|---|---|
Meghan Mackay Co-President, Director | 1 | $0 | |
Allen Thorpe Dir, Sec, Treas, Co-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,026,057 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,582,464 |
| Capital Gain Net Income | $2,051,079 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,608,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $64,758 |
| Contributions, gifts, grants paid | $3,711,000 |
| Total expenses and disbursements | $3,775,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,341,988 |
| 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 | $36,380,903 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $56,003,884 |
| 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, Quad Family Foundation has awarded $3,711,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
IGNITE READING (OPEN UP RESOURCES) PURPOSE: GENERAL AND UNRESTRICTED | $100,000 |
MOTT HAVEN ACADEMY CHARTER SCHOOL PURPOSE: GENERAL AND UNRESTRICTED | $100,000 |
STANFORD UNIVERSITY - TOWARD THE RESEARCH OF DR JOSEPH WOO PURPOSE: GENERAL AND UNRESTRICTED | $25,000 |
THE HUN SCHOOL OF PRINCETON PURPOSE: GENERAL AND UNRESTRICTED | $31,000 |
ZETA CHARTER SCHOOLS PURPOSE: GENERAL AND UNRESTRICTED | $750,000 |
HARVARD UNIVERSITY PURPOSE: GENERAL AND UNRESTRICTED | $50,000 |