Guston Fund
- Assets
- $20.0m
- Revenue
- $4.9m
- Investments
- $19.7m
- Employees
- 0
- Location
- West Hurley, NY
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-2712035
Organization Overview
Guston Fund is located in West Hurley, NY. The organization was established in 2019. 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. Guston Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Musa Mayer Director, President | 0.5 | $0 | |
Thomas Mayer Director, Secretary, Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,500,000 |
| Interest on Savings | $15,228 |
| Dividends & Interest | $356,359 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,799 |
| Capital Gain Net Income | $45,799 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,917,386 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $460 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,098 |
| Printing and publications | $0 |
| Other expenses | $18,967 |
| Total operating and administrative expenses | $202,007 |
| Contributions, gifts, grants paid | $515,000 |
| Total expenses and disbursements | $717,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,632 |
| Savings and temporary cash investments | $241,782 |
| 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 | $15,942,566 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,991,575 |
| 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, Guston Fund has awarded $515,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY IN ROME PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
BROOKLYN RAIL INC PURPOSE: ENDOWMENT | $300,000 |
BROOKLYN RAIL INC PURPOSE: SUPPORT FOR POETRY PUBLICATIONS | $20,000 |
CORPORATION OF YADDO PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
MACDOWELL COLONY INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
NEW YORK STUDIO SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |