Towerbrook Foundation
- Assets
- $2.6m
- Revenue
- -$209.8k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 74-3182897
Organization Overview
Towerbrook Foundation is located in New York, NY. The organization was established in 2007. 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. Towerbrook Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Towerbrook Foundation has awarded 412 individual grants totaling $8,599,659. 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
2021
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 |
|---|---|---|---|
Neal Moszkowski Director, Chairperson | 1 | $0 | |
Andrew Rolfe Director (until 2/11/2021) | 0.5 | $0 | |
Jennifer Glassman Director, Treas., Asst. Scrtry | 1 | $0 | |
Jonathan Bilzin Director | 0.5 | $0 | |
Gordon Holmes Director | 0.5 | $0 | |
Karim Saddi Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,197 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$233,998 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,011 |
| Total Revenue | -$209,790 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $60,600 |
| Contributions, gifts, grants paid | $865,212 |
| Total expenses and disbursements | $925,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,629,882 |
| 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 | $3,688 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,061 |
| Total assets | $2,634,631 |
| Accounts payable and accrued expenses | $26,666 |
| Grants payable | $119,123 |
| Deferred revenue | $36,242 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $182,031 |
Grants Awarded
Over the last fiscal year, Towerbrook Foundation has awarded $923,387 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
IMPETUS - THE PRIVATE EQUITY FOUNDATION PURPOSE: FOR RESURGO TRUST | $150,000 |
New York, NY PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
New York, NY PURPOSE: FOR GENERAL OPERATING SUPPORT | $100,000 |
Fort Belvoir, VA PURPOSE: FOR GENERAL OPERATING SUPPORT | $83,333 |
VISITING NURSE SERVICE OF NY PURPOSE: VNSNY | $37,500 |
THE OPPORTUNITY NETWORK PURPOSE: SUPPORT OPPORTUNITY IGNITED PHILANTHROPIC PARTNERSHIP | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |