The information for Asness Family Foundation is as of the organization's most recent filing in February '22. This organization is located in Melville, NY. It has been in existence for 5 years, following its founding in 2017.
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 Asness Family Foundation's NTEE code is T20, indicating that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. This classification describes organizations that are nongovernmental and nonprofit, with funds and programs managed by their own trustees or directors. These foundations are established to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, which encompasses organizations engaged in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work.
Our dataset includes five years of grant history for the Asness Family Foundation. Over the course of these five years, they have awarded a total of 75 grants, with an average check size of $1,298,400. The foundation awards grants in various sectors, with the highest number of grants awarded in the Education sector (27), followed by Medical Research (10) and Public & Societal Benefit (6). In terms of geographical distribution, the foundation has awarded the most grants in Connecticut (13), followed by Illinois (12), Massachusetts (9), and New York (9). They have also awarded grants in Virginia (7), Washington D.C. (7), Utah (6), and several other states.
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $1,068,234 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $6,667,728 |
Capital Gain Net Income | $6,667,728 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $85,957 |
Total Revenue | $7,821,919 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $210,043 |
Taxes | $135,203 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $5,752 |
Total operating and administrative expenses | $375,718 |
Contributions, gifts, grants paid | $8,214,521 |
Total expenses and disbursements | $8,590,239 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $99,508 |
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 | $29,909,033 |
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 |
Over the last fiscal year, Asness Family Foundation has awarded $12,630,000 in support to 12 organizations.
Grant Recipient | Amount |
---|---|
New York, NY PURPOSE: GLOBAL HUMANITARIAN AID | $4,000,000 |
Greenwich, CT PURPOSE: EDUCATIONAL PROGRAMS | $2,150,000 |
Philadelphia, PA PURPOSE: EDUCATIONAL PROGRAMS | $2,000,000 |
Chicago, IL PURPOSE: ASNESS JUNIOR FACULTY FELLOWSHIP | $1,000,000 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: THINK TANK FOR PUBLIC POLICY | $960,000 |
Chicago, IL PURPOSE: AQR CAPITAL MANAGEMENT ENDOWED PROFESSORSHIP FUND. | $750,000 |
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 |