The Saigh Foundation
- Assets
- $61.0m
- Revenue
- $4.5m
- Investments
- $60.7m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1999
- Data as of
- 03/2022
- EIN
- 51-6511117
Organization Overview
The Saigh Foundation is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Saigh 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 03/2022, Saigh Foundation generated $4.5m 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 (16.0%) each year. All expenses for the organization totaled $4.1m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fiduciary Trust Company Internation Trustee | 30 | $342,050 | |
Heidi Veron Trustee | 8 | $143,338 | |
Franklin F Wallis Trustee | 8 | $143,338 | |
Michael Hejna Trustee | 8 | $143,338 | |
Elke K Buckland Executive Director | 0 | $95,945 | |
Julie L Hantman Office Staff | 0 | $71,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,015,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,465,220 |
| Capital Gain Net Income | $2,465,220 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,167 |
| Total Revenue | $4,485,823 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $772,064 |
| Other employee salaries and wages | $183,231 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $115,020 |
| Depreciation | $0 |
| Occupancy | $42,789 |
| Travel, conferences, and meetings | $19,973 |
| Printing and publications | $0 |
| Other expenses | $50,467 |
| Total operating and administrative expenses | $1,216,651 |
| Contributions, gifts, grants paid | $2,899,616 |
| Total expenses and disbursements | $4,116,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,149 |
| Savings and temporary cash investments | $307,966 |
| 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 | $60,693,594 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,014,709 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |