Mother Cabrini Health Foundation
- Assets
- $4.0b
- Revenue
- $113.7m
- Investments
- $3.5b
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2018
- Data as of
- 12/2020
- EIN
- 83-0590263
Organization Overview
Mother Cabrini Health Foundation is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mother Cabrini Health 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 12/2020, Mother Cabrini Health Foundation generated $113.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (66.0%) each year. All expenses for the organization totaled $204.4m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mother Cabrini Health Foundation has awarded 2,381 individual grants totaling $511,271,219. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL TAXPAYER STATEMENT 1 & 2
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Ambrose Chief Investment Officer | 45 | $1,425,720 | |
Gregory Mustaciuolo Chief Executive Officer | 45 | $744,060 | |
Joon-Young Choi Md Of Private Invest | 45 | $700,248 | |
Wenwen Mcelhoe Md Of Investments | 45 | $622,337 | |
Jeremy Rosenberg Md Of Public Investm | 45 | $581,117 | |
Deborah Konopko Chief Programs Officer | 45 | $466,882 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Loeb & Loeb Llp | 12/30/21 | $2,681,579 |
Rockefeller Philanthropy | 12/30/21 | $1,753,923 |
Wko Design Build Llc | 12/30/21 | $1,398,254 |
Shapiro Capital Management Llc | 12/30/21 | $945,779 |
Rhumbline Advisers | 12/30/21 | $875,372 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $31,215 |
| Interest on Savings | $496 |
| Dividends & Interest | $52,355,293 |
| Net Rental Income | $4,028,817 |
| Net Gain on Sale of Assets | $48,217,361 |
| Capital Gain Net Income | $51,370,323 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $113,675,567 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,314,787 |
| Other employee salaries and wages | $4,556,348 |
| Pension plans, employee benefits | $1,560,827 |
| Interest | $0 |
| Taxes | $7,442,230 |
| Depreciation | $92,292 |
| Occupancy | $1,492,381 |
| Travel, conferences, and meetings | $77,320 |
| Printing and publications | $54,125 |
| Other expenses | $9,591,826 |
| Total operating and administrative expenses | $44,947,043 |
| Contributions, gifts, grants paid | $159,458,987 |
| Total expenses and disbursements | $204,406,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $370,433,596 |
| Net Accounts receivable | $12,143,998 |
| 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 | $11,426,841 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $600,310,542 |
| Net Land, buildings, and equipment | $137,150,231 |
| Other assets | $15,003,005 |
| Total assets | $4,041,149,647 |
| Accounts payable and accrued expenses | $34,999,676 |
| Grants payable | $35,378,112 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $123,848,631 |
| Total liabilities | $194,226,419 |
Grants Awarded
Over the last fiscal year, Mother Cabrini Health Foundation has awarded $200,291,743 in support to 734 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: BROADENING SOCIAL SERVICES, FINANCIAL ASSISTANCE, AND PASTORAL CARE | $3,000,000 |
New York, NY PURPOSE: SUPPORTING NYC SAFETY-NET HOSPITALS AS THEY CARE FOR COVID-19 PATIENTS | $2,500,000 |
New York, NY PURPOSE: CHILDREN'S SCHOLARSHIP FUND- NEW YORK | $2,000,000 |
NEW YORK UNIVERSITY PURPOSE: FOODMAP NY: DEVELOPING LONG-TERM SOLUTIONS TO FOOD INSECURITY IN NEW YORK | $2,000,000 |
CATHOLIC HEALTH CARE SYSTEM PURPOSE: EXPERT CARE FOR INDIVIDUALS WITH HUNTINGTON'S DISEASE | $2,000,000 |
Harris, NY PURPOSE: MEDICALLY FRAGILE UNIT AT THE CENTER FOR DISCOVERY'S CHILDREN'S SPECIALTY HOSPITAL | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goldman Sachs Charitable Gift Fund New York, NY | $647,108,972 | $257,164,151 |
Ayco Charitable Foundation Cohoes, NY | $1,031,597,000 | $377,221,382 |
Mother Cabrini Health Foundation New York, NY | $4,041,149,647 | $113,675,567 |
Kars 4 Kids Inc Lakewood, NJ | $38,564,876 | $109,657,696 |
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |