Kate W Cassidy Foundation
- Assets
- $74.6m
- Revenue
- $14.3m
- Investments
- $24.5m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 09/2013
- Data as of
- 12/2021
- EIN
- 61-1715303
The information for Kate W Cassidy Foundation is as of the organization's most recent filing. This organization is located in Purchase, NY and has been in existence since 2013.
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 Kate W Cassidy 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 Kate W Cassidy Foundation is a 501(c)(3) organization, which is described by the IRS as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven M Eigen Treasurer | 1 | $0 | |
Howard R Herman Secretary | 1 | $0 | |
Kate W Cassidy President | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenhaven Associates | 12/30/21 | $657,578 |
Brave Warrior | 12/30/21 | $120,632 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,738 |
| Dividends & Interest | $513,584 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,757,297 |
| Capital Gain Net Income | $13,757,297 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,279,619 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $243,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,290 |
| Total operating and administrative expenses | $1,053,983 |
| Contributions, gifts, grants paid | $3,426,500 |
| Total expenses and disbursements | $4,480,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,127,303 |
| 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 | $74,645,263 |
| 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, Kate W Cassidy Foundation has awarded $3,426,500 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL CONTRIBUTION | $900,000 |
FRIENDS OF THIRTEEN INC PURPOSE: GENERAL CONTRIBUTION | $850,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $250,000 |
92ND STREET YOUNG MEN'S AND YOUNG WOMEN'S HEBREW ASSOCIATION PURPOSE: GENERAL CONTRIBUTION | $233,000 |
New York, NY PURPOSE: GENERAL CONTRIBUTION | $100,000 |
East Hampton, NY PURPOSE: GENERAL CONTRIBUTION | $100,000 |
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 |