The Saigh Foundation
- Assets
- $62.2m
- Revenue
- $3.5m
- Investments
- $56.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1999
- Data as of
- 03/2024
- 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 03/2024, Saigh Foundation generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $4.1m during the year ending 03/2024. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Franklin F Wallis Trustee | 8 | $123,992 | |
Heidi Veron Trustee | 8 | $123,992 | |
Fiduciary Trust Company Internation Trustee | 30 | $323,123 | |
Michael Hejna Trustee | 8 | $123,992 | |
Elke K Buckland Executive Director | 0 | $100,373 | |
Julie L Hantman Office Staff | 0 | $78,068 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,823,032 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,702,644 |
| Capital Gain Net Income | $1,702,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $748 |
| Total Revenue | $3,526,424 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $695,099 |
| Other employee salaries and wages | $206,439 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $61,227 |
| Depreciation | $0 |
| Occupancy | $47,369 |
| Travel, conferences, and meetings | $11,390 |
| Printing and publications | $0 |
| Other expenses | $78,689 |
| Total operating and administrative expenses | $1,141,277 |
| Contributions, gifts, grants paid | $2,926,096 |
| Total expenses and disbursements | $4,067,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,301 |
| Savings and temporary cash investments | $5,549,310 |
| 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 | $56,604,296 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $62,173,907 |
| 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 |