Perelman Family Charitable Tr I
- Assets
- $391.3m
- Revenue
- $9.1m
- Investments
- $177.4m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-6501838
Organization Overview
Perelman Family Charitable Tr I is located in Garden City, NY. The organization was established in 2017. 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. Perelman Family Charitable Tr I 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 12/2023, Perelman Family Charitable Tr I generated $9.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $19.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Perelman Family Charitable Tr I has awarded 80 individual grants totaling $81,106,408. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,525,010 |
| Dividends & Interest | $2,609,483 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,508,375 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,484,517 |
| Total Revenue | $9,110,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,007,993 |
| Depreciation | $252,913 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $128,612 |
| Total operating and administrative expenses | $3,207,439 |
| Contributions, gifts, grants paid | $15,912,000 |
| Total expenses and disbursements | $19,119,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,674,430 |
| Net Accounts receivable | $49,355,018 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $151,878,326 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,326,956 |
| Investments—mortgage loans | $0 |
| Investments—other | $177,405,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,663,750 |
| Total assets | $391,304,181 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $109,145,500 |
| 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 | $109,145,500 |
Grants Awarded
Over the last fiscal year, Perelman Family Charitable Tr I has awarded $16,567,239 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PERELMAN PERFORMING ARTS CENTER PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $579,239 |
CHOP FOUNDATION PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $1,000,000 |
SEE 642(C) ELECTION STATEMENT PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $13,988,000 |
NYU - LANGONE PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $400,000 |
BROWN UNIVERSITY PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $500,000 |
DREXEL UNIVERSITY PURPOSE: GENERAL CHARITABLE CONTRIBUTION | $100,000 |