Joly Family Foundation
- Assets
- $11.1m
- Revenue
- -$170.7k
- Investments
- $8.5m
- Employees
- 0
- Location
- Cohoes, NY
- Founding
- Data as of
- 12/2023
- EIN
- 83-1047438
Organization Overview
Joly Family Foundation is located in Cohoes, NY. 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. Joly Family 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 2020, Joly Family Foundation has awarded 13 individual grants totaling $1,438,818. 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 |
|---|---|---|---|
Hubert B Joly President & Treasurer | 1 | $0 | |
Agathe Joly Secretary | 1 | $0 | |
Stanislas Joly Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,650 |
| Dividends & Interest | $153,924 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$382,718 |
| Capital Gain Net Income | $91,305 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43,486 |
| Total Revenue | -$170,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $52,110 |
| Contributions, gifts, grants paid | $131,000 |
| Total expenses and disbursements | $183,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,637 |
| Savings and temporary cash investments | $2,503,241 |
| 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 | $994,935 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,394 |
| Total assets | $11,061,780 |
| 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, Joly Family Foundation has awarded $131,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MINNEAPOLIS SOCIETY OF FINE ARTS PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $50,000 |
BEST BUY FOUNDATION PURPOSE: BEST BUY TEEN TECH CENTER PRESENTING PARTNER SPONSORSHIP RE: BROOKLYN PUBLIC LIBRARY | $50,000 |
NATIONAL PHILANTHROPIC TRUST PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $6,000 |
JUST CAPITAL FOUNDATION INC PURPOSE: FOR DONEE'S EXEMPT PURPOSE | $25,000 |