Kate W Cassidy Foundation
- Assets
- $71.2m
- Revenue
- $1.8m
- Investments
- $53.4m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 09/2013
- Data as of
- 12/2022
- EIN
- 61-1715303
Organization Overview
Kate W Cassidy Foundation is located in Purchase, NY. The organization was established in 2013. 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. Kate W Cassidy 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 12/2022, Kate W Cassidy Foundation generated $1.8m 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 (41.6%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kate W Cassidy Foundation has awarded 175 individual grants totaling $11,108,500. 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 |
|---|---|---|---|
Kate W Cassidy President | 1 | $0 | |
Steven M Eigen Treasurer | 1 | $0 | |
Howard R Herman Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenhaven Associates | 12/30/22 | $592,694 |
Brave Warrior | 12/30/22 | $125,408 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $201,682 |
| Dividends & Interest | $1,167,096 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,875 |
| Capital Gain Net Income | $384,875 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,753,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,776 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,149 |
| Total operating and administrative expenses | $773,027 |
| Contributions, gifts, grants paid | $4,391,000 |
| Total expenses and disbursements | $5,164,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,820,464 |
| 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 | $71,234,889 |
| 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 $4,391,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH COMMUNAL FUND PURPOSE: GENERAL CONTRIBUTION | $1,000,000 |
THE MUSEUM OF MODERN ART PURPOSE: GENERAL CONTRIBUTION | $700,000 |
PROJECT MOST INC PURPOSE: GENERAL CONTRIBUTION | $600,000 |
THIRTEEN PURPOSE: GENERAL CONTRIBUTION | $550,000 |
GUGGENHEIM MUSEUM PURPOSE: GENERAL CONTRIBUTION | $250,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL CONTRIBUTION | $150,000 |