The Blackrock Charitable Foundation
- Assets
- $304.9m
- Revenue
- $10.7m
- Investments
- $300.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-2144591
Organization Overview
The Blackrock Charitable Foundation is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Blackrock Charitable 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, Blackrock Charitable Foundation has awarded 69 individual grants totaling $78,467,611. 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 |
|---|---|---|---|
Joud Abdel Majeid Director | 0.09 | $0 | |
Anne Ackerley Director | 0.09 | $0 | |
Jim Badenhausen Director | 0.09 | $0 | |
Dalia Blass Chair & Director | 0.09 | $0 | |
Stephen Cohen Director | 0.09 | $0 | |
Frank Cooper III Through 5202022 Director | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cause Strategy Partners | 12/30/22 | $87,500 |
Simpson Thacher & Bartlett Llp | 12/30/22 | $86,547 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,876,430 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,845,910 |
| Capital Gain Net Income | $4,845,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,722,340 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $537,528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59,616 |
| Total operating and administrative expenses | $964,325 |
| Contributions, gifts, grants paid | $18,392,358 |
| Total expenses and disbursements | $19,356,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,319,111 |
| Savings and temporary cash investments | $2,306,593 |
| 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 | $300,323,498 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $304,949,202 |
| Accounts payable and accrued expenses | $138,526 |
| 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 | $857,316 |
| Total liabilities | $995,842 |
Grants Awarded
Over the last fiscal year, The Blackrock Charitable Foundation has awarded $33,010,975 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK ECONOMIC ALLIANCE FOUNDATION PURPOSE: RACIAL EQUITY | $500,000 |
BREAKTHROUGH ENERGY CATALYST FOUNDATION PURPOSE: LOW-CARBON TRANSITION | $20,000,000 |
BUILD COMMONWEALTH PURPOSE: SAVINGS AND FINANCIAL RESILIENCY | $2,500,000 |
FOUNDATION FOR INNOVATIVE NEW DIAGNOSTICS (FIND) PURPOSE: COVID-19 RELIEF AND RECOVERY | $5,000,000 |
JUST FINANCE FOUNDATION PURPOSE: FINANCIAL EDUCATION COURSES FOR CHILDREN AND YOUTH | $57,075 |
ECHOING GREEN PURPOSE: JOBS AND ECONOMIC MOBILITY | $250,000 |