Three Cairns Foundation Inc
- Assets
- $86.5m
- Revenue
- -$2.5m
- Investments
- $77.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/2016
- Data as of
- 12/2022
- EIN
- 47-5548408
Organization Overview
Three Cairns Foundation Inc is located in New York, NY. The organization was established in 2016. 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. Three Cairns Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
NONE
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth B Strickler Director President/secretary | 1 | $0 | |
Mark T Gallogly Director Treasurer | 1 | $0 | |
Brian Osias Cio/asst Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,347 |
| Dividends & Interest | $925,283 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $218,001 |
| Capital Gain Net Income | $218,001 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$3,611,191 |
| Total Revenue | -$2,458,560 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $183,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,417 |
| Total operating and administrative expenses | $210,220 |
| Contributions, gifts, grants paid | $5,500,000 |
| Total expenses and disbursements | $5,710,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,357,053 |
| 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 | $77,115,445 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,487,805 |
| 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, Three Cairns Foundation Inc has awarded $5,500,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STICHTING DEVELOPMENT FUND PURPOSE: PROVIDE EARLY-STAGE CATALYTIC FUNDING TO SUPPORT AND GROW THE PIPELINE OF BANKABLE SUSTAINABLE ENERGY PROJECTS IN AFRICA, TO ACHIEVE EMISSIONS REDUCTION, EXPAND ACCESS TO RENEWABLE ENERGY, AND CREATE JOB OPPORTUNITIES IN EMERGING ECONOMIES | $5,000,000 |
ACTIVATE GLOBAL INC PURPOSE: GENERAL PURPOSE | $500,000 |