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 51 individual grants totaling $45,456,636. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Ackerley Director | 0.08 | $0 | |
Jim Badenhausen Director | 0.08 | $0 | |
Joud Abdel Majeid Beg 4292021 Director | 0.11 | $0 | |
Dalia Blass Beg 1062021 Chair & Director | 0.33 | $0 | |
Stephen Cohen Beg 4292021 Director | 0.11 | $0 | |
Thomas Donilon Beg 4292021 Director | 0.11 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simpson Thacher & Bartlett Llp | 12/30/21 | $91,681 |
Pyxera Global | 12/30/21 | $58,000 |
Deloitte & Touche Llp | 12/30/21 | $55,000 |
Cause Strategy Partners | 12/30/21 | $122,000 |
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 $27,476,172 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: COVID-19 RELIEF AND RECOVERY | $8,000,000 |
Boston, MA PURPOSE: SAVINGS AND FINANCIAL RESILIENCY | $4,703,683 |
Chicago, IL PURPOSE: SAVINGS AND FINANCIAL RESILIENCY | $2,635,453 |
Chicago, IL PURPOSE: COVID-19 RELIEF AND RECOVERY | $2,400,000 |
Durham, NC PURPOSE: SAVINGS AND FINANCIAL RESILIENCY | $2,282,036 |
Bronx, NY PURPOSE: JOBS AND ECONOMIC MOBILITY | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |