Segal Family Foundation Inc
- Assets
- $106.9m
- Revenue
- $21.7m
- Investments
- $34.8m
- Employees
- 0
- Location
- Warren, NJ
- Founding
- 07/2004
- Data as of
- 12/2020
- EIN
- 56-2446941
Organization Overview
Segal Family Foundation Inc is located in Warren, NJ. The organization was established in 2004. 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. Segal Family 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, Segal Family Foundation Inc generated $21.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $36.3m during the year ending 12/2020. While expenses have increased by 17.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Segal Family Foundation Inc has awarded 1,167 individual grants totaling $58,504,786. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL GATHERING OF GRANTEE PARTNERS AND EXTENDED COMMUNITY FOR NETWORKING AND KNOWLEDGE EXCHANGE. THIS WAS CONDUCTED VIRTUALLY IN 2021 DUE TO THE COVID-19 PANDEMIC.
AFRICAN VISIONARY FELLOWSHIP - TRAINING FELLOWSHIP OFFERED THROUGH SEGAL FAMILY FOUNDATION TO PARTNERS WHO MEET A SET OF COMPETITIVE CRITERIA. THIS GENERALLY TAKES PLACE OVER THE COURSE OF APPROXIMATELY 24 MONTHS AND INCLUDES SEVERAL IN-PERSON CONVENINGS (CONDUCTED VIRTUALLY IN 2021 DUE TO THE COVID-19 PANDEMIC), REMOTE AND IN-PERSON CONSULTATION SUPPORT, AND VARIOUS FORMS OF FINANCIAL SUPPORT INCLUDING CAPACITY GRANTS AND TRAVEL STIPENDS.
SOCIAL IMPACT INCUBATOR - MALAWI, RWANDA, TANZANIA & KENYA - AN INCUBATOR PROGRAM THAT RUNS ANNUALLY IN MALAWI, RWANDA, TANZANIA AND KENYA, SUPPORTING A COHORT OF LOCAL, GRASSROOTS SOCIAL IMPACT ORGANIZATIONS. THIS PROGRAM TAKES PLACE OVER THE COURSE OF A YEAR AND PROVIDES A SERIES OF TRAINING SESSIONS FOCUSING ON PROFESSIONAL SUPPORT AND ORGANIZATIONAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Bryant Employee | 40 | $349,555 | |
Martin Segal President | 30 | $156,000 | |
Cher-Wen Dewitt Employee | 40 | $130,533 | |
Katherine Anderson Employee | 40 | $115,299 | |
Sarah C Gioe Employee | 40 | $94,229 | |
Darcia Obrien Employee | 40 | $75,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $763,321 |
| Net Rental Income | $476,592 |
| Net Gain on Sale of Assets | $8,787,449 |
| Capital Gain Net Income | $8,787,449 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $500,615 |
| Total Revenue | $21,683,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $156,000 |
| Other employee salaries and wages | $1,295,772 |
| Pension plans, employee benefits | $172,407 |
| Interest | $1,569,628 |
| Taxes | $2,321,793 |
| Depreciation | $5,523,441 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,791,428 |
| Total operating and administrative expenses | $15,609,178 |
| Contributions, gifts, grants paid | $20,714,977 |
| Total expenses and disbursements | $36,324,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,256,141 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $285,813 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,908,275 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $934,722 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,871,170 |
| Net Land, buildings, and equipment | $63,734,587 |
| Other assets | $990,713 |
| Total assets | $106,923,735 |
| Accounts payable and accrued expenses | $834,796 |
| Grants payable | $7,572,087 |
| Deferred revenue | $487,794 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $34,940,192 |
| Other liabilities | $382,094 |
| Total liabilities | $44,216,963 |
Grants Awarded
Over the last fiscal year, Segal Family Foundation Inc has awarded $25,973,505 in support to 518 organizations.
| Grant Recipient | Amount |
|---|---|
THE GOULD FAMILY FOUNDATION PURPOSE: TECHNICAL & CAPACITY SUPPORT TO HEALTH CLINICS IN SUB SAHARAN AFRICA | $793,050 |
KAZOZAH ART PURPOSE: CHARITABLE PURPOSE | $562,266 |
CENTRE FOR PUBLIC HEALTH AND DEVELOPMENT PURPOSE: CHARITABLE PURPOSE | $530,000 |
CENTRE FOR PUBLIC HEALTH AND DEVELOPMENT PURPOSE: CHARITABLE PURPOSE | $395,500 |
WEZESHA IMPACT (MENTOR COACH EMPOWER) PURPOSE: CHARITABLE PURPOSE | $330,350 |
AFRICAN VISIONARY FUND PURPOSE: CHARITABLE PURPOSE | $200,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Segal Family Foundation Inc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
The Prbb Foundation Bozeman, MT PURPOSE: TO FURTHER EXEMPT CHARITABLE PURPOSE | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
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 |
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 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |