Hollyhock Foundation Inc
- Assets
- $743.1m
- Revenue
- $638.8k
- Investments
- $724.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2003
- Data as of
- 12/2020
- EIN
- 54-2091336
Organization Overview
Hollyhock Foundation Inc is located in New York, NY. The organization was established in 2003. 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. Hollyhock 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.
For the year ending 12/2020, Hollyhock Foundation Inc generated $638.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (40.5%) each year. All expenses for the organization totaled $32.3m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Hollyhock Foundation Inc has awarded 144 individual grants totaling $210,989,168. 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 |
|---|---|---|---|
Lauren Zane Program Director | 50 | $430,852 | |
Katherine Waggoner Assc Progrm Dir | 50 | $210,000 | |
Meghan Wells Assc Progrm Dir | 50 | $166,500 | |
Robert Karr President | 20 | $0 | |
Timothy K Mcmanus Sec/treas | 10 | $0 | |
James Karr Director | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joho Capital Llc (A Disqualified Person) | 12/30/18 | $180,000 |
Susan Engel | 12/30/18 | $7,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,588 |
| Dividends & Interest | $1,518,832 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$883,655 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $638,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $651,174 |
| Pension plans, employee benefits | $99,553 |
| Interest | $0 |
| Taxes | $147,592 |
| Depreciation | $3,726 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $7,934 |
| Printing and publications | $0 |
| Other expenses | $156,242 |
| Total operating and administrative expenses | $1,066,221 |
| Contributions, gifts, grants paid | $31,207,000 |
| Total expenses and disbursements | $32,273,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,967,440 |
| 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 | $724,366,626 |
| Net Land, buildings, and equipment | $3,194 |
| Other assets | $1,751,032 |
| Total assets | $743,088,292 |
| Accounts payable and accrued expenses | $260 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $22,745 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $276,133 |
| Total liabilities | $299,138 |
Grants Awarded
Over the last fiscal year, Hollyhock Foundation Inc has awarded $37,278,668 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB FUND FOR CHARITABLE GIVING PURPOSE: DONOR ADVISED FUND FUTURE DISTRIBUTIONS TO PUBLIC CHARITIES | $25,950,000 |
UNCOMMON SCHOOLS PURPOSE: SUPPORT FOR HIGH SCHOOL 2.0 AND MUSIC EDUCATION | $1,228,000 |
PENN GRADUATE SCHOOL OF EDUCATION PURPOSE: PROGRAM SUPPORT & SCHOLARSHIPS FOR URBAN TEACHER APPRENTICESHIP PROGRAM | $1,036,668 |
New York, NY PURPOSE: SUPPORT FOR US TRANSPORTATION INITIATIVE | $1,000,000 |
New York, NY PURPOSE: SUPPORT FOR US TRANSPORTATION INITIATIVE | $1,000,000 |
New York, NY PURPOSE: SUPPORT FOR DISTINGUISHED FELLOWS PROGRAM | $797,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |