Tortuga Foundation
- Assets
- $110.2m
- Revenue
- $33.2m
- Investments
- $107.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1980
- Data as of
- 12/2021
- EIN
- 51-0245279
The information for Tortuga Foundation is as of their most recent filing in December 2020. This organization is located in New York, NY and it has been in existence for 40 years, following its founding in 1980.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Tortuga Foundation's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Every organization is also governed by a specific section of the Internal Revenue Code. The Tortuga Foundation is a 501(c)(3) organization, which the IRS describes as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset has five years of grant history for the Tortuga Foundation. In that time, they have awarded a total of 251 grants, with an average check size of $61,488. The organization has awarded the most grants in the Environment sector (94), followed by Animal-Related (13) and Health Care (12). Additionally, the organization most frequently awards grants in the District of Columbia (39), New York (72), and Connecticut (21). Other states they have awarded grants in include North Dakota, South Carolina, Colorado, Ohio, Massachusetts, Nevada, New Mexico, Oregon, Pennsylvania, Alaska, Washington, North Carolina, Wyoming, Virginia, California, Florida, Texas, Illinois, Maryland, West Virginia, Vermont, Arizona, and Louisiana.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mildred Livingston Pres, Trustee | 5 | $0 | |
Philip Livingston Trustee | 5 | $0 | |
Patricia Livingston Sec'y, Trustee | 5 | $0 | |
Donna M Colon Treasurer | 5 | $0 | |
Robert Livingston Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Management Co Llc | 12/30/21 | $1,382,065 |
Philanthropic Advisors Llc | 12/30/21 | $175,000 |
Karen Harris | 12/30/21 | $61,500 |
Bank Of New York | 12/30/21 | $76,059 |
Patterson Belknap Webb & Tyler Llp | 12/30/21 | $119,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $872,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,314,066 |
| Capital Gain Net Income | $22,314,066 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,186,414 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $50,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $343,011 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,748 |
| Printing and publications | $0 |
| Other expenses | $78,389 |
| Total operating and administrative expenses | $2,279,783 |
| Contributions, gifts, grants paid | $7,376,250 |
| Total expenses and disbursements | $9,656,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,082 |
| Savings and temporary cash investments | $2,753,615 |
| 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 | $0 |
| Total assets | $110,168,381 |
| 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, Tortuga Foundation has awarded $7,376,250 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD FEDERATION OF AMERICA PURPOSE: GENERAL CHARITABLE PURPOSES | $265,000 |
New York, NY PURPOSE: ECO-ACCOUNTABILITY PROJECT | $230,000 |
BENNINGTON COLLEGE PURPOSE: GENERAL CHARITABLE PURPOSES | $225,000 |
Englewood, CO PURPOSE: GENERAL CHARITABLE PURPOSES | $215,000 |
Arlington, VA PURPOSE: GENERAL CHARITABLE PURPOSES | $200,000 |
NATURE CONSERVANCY-CONNECTICUT PURPOSE: GENERAL CHARITABLE PURPOSES | $190,000 |
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 |