Civic Intelligence

The Blackstone Charitable Foundation

990 • Fiscal year 2013 • EIN 26-0462996

Jul 01, 2012 to Jun 30, 2013 • Filed on May 15, 2014

345 Park AvenueSuite10154
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.04x

Higher debt load relative to assets than 15% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

92nd percentile

31%

Faster asset growth than 92% of similar nonprofits.

2013 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$90,266,625

Up $21,384,300 (+31%) from 2012

Net Assets

Up

$86,833,304

Up $21,171,606 (+32%) from 2012

Liabilities

Up

$3,433,321

Up $212,694 (+6.6%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$13,444,093

Up $4,500,090 (+50%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $55,672,783Liabilities 2010: $3,037,507Net Assets 2010: $52,635,2762010Assets 2012: $68,882,325Liabilities 2012: $3,220,627Net Assets 2012: $65,661,6982012Assets 2013: $90,266,625Liabilities 2013: $3,433,321Net Assets 2013: $86,833,3042013Assets 2014: $117,809,073Liabilities 2014: $10,173,799Net Assets 2014: $107,635,2742014Assets 2015: $103,845,750Liabilities 2015: $3,807,548Net Assets 2015: $100,038,2022015Assets 2016: $85,305,228Liabilities 2016: $6,271,998Net Assets 2016: $79,033,2302016Assets 2017: $96,927,644Liabilities 2017: $3,727,223Net Assets 2017: $93,200,4212017Assets 2020: $102,245,133Liabilities 2020: $21,756,788Net Assets 2020: $80,488,3452020Assets 2021: $141,651,293Liabilities 2021: $21,103,673Net Assets 2021: $120,547,6202021Assets 2022: $132,078,578Liabilities 2022: $11,030,164Net Assets 2022: $121,048,4142022Assets 2024: $142,024,876Liabilities 2024: $10,559,089Net Assets 2024: $131,465,7872024

Highlighted filing

2013

Assets$90,266,625
Liabilities$3,433,321
Net Assets$86,833,304

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $6,443,1022010Expenses 2012: $8,944,0032012Expenses 2013: $13,444,0932013Revenue 2014: $31,880,550Expenses 2014: $17,068,788Net Income 2014: $14,811,7622014Revenue 2015: $16,288,475Expenses 2015: $17,868,447Net Income 2015: -$1,579,9722015Revenue 2016: $2,786,716Expenses 2016: $14,683,023Net Income 2016: -$11,896,3072016Revenue 2017: $17,823,083Expenses 2017: $9,976,088Net Income 2017: $7,846,9952017Revenue 2020: $4,248,129Expenses 2020: $23,722,884Net Income 2020: -$19,474,7552020Revenue 2021: $22,568,243Expenses 2021: $25,688,485Net Income 2021: -$3,120,2422021Revenue 2022: $22,396,641Expenses 2022: $16,669,834Net Income 2022: $5,726,8072022Revenue 2024: $18,104,838Expenses 2024: $20,524,677Net Income 2024: -$2,419,8392024

Highlighted filing

2013

Revenue-
Expenses$13,444,093
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 15, 2014
Return Version
2012v2.3
Gross Receipts
$41,447,210
Mission and Program Overview

Mission

THE BLACKSTONE CHARITABLE FOUNDATION (THE "FOUNDATION") SERVES AS THE PRIMARY VEHICLE FOR FUTURE CHARITABLE GIVING ON BEHALF OF THE SENIOR MANAGING DIRECTORS AND EMPLOYEES OF THE BLACKSTONE GROUP L.P. ("BLACKSTONE"). THE FOUNDATION'S PHILANTHROPY EXTENDS TO SUPPORTING COMMUNITIES IN NEED, IN GEOGRAPHIC AREAS WHERE BLACKSTONE WORKS AND LIVES, WHICH CAN BENEFIT FROM BLACKSTONE'S INTELLECTURAL AND FINANCIAL CAPITAL. THE FOUNDATION DIRECTS SUPPORT TO A RANGE OF PROJECTS AND ORGANIZATIONS THAT DEMONSTRATE INNOVATION AND FORWARD THINKING IN THEIR APPROACH TO PROBLEM SOLVING AND IMPROVING ECONOMIC AND SOCIAL CONDITIONS. On April 30, 2010, the Foundation launched "The Blackstone Entrepreneurship Initiative" (the "Initiative"), a five-year, $50,000,000 conditional initiative to create connected networks, or "ecosystems", of master coaches in regions across the nation and around the world. Through these connecting ecosystems, the Foundation's goal is to build an elite global network of master co

Major Activities

Activity 2
GRANT MAKING
Filing and Contact Details

Filer

EIN
26-0462996
Raw XML AppendixShowing 400 of 1,860 raw XML fields

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IRS990/Description0Blackstone LaunchPad is a national model for fostering entrepreneurship through higher education. Based on a successful program at the University of Miami, it encourages entrepreneurial thinking and activity among undergraduate and graduate students as well as faculty and alumni for the purpose of incubating a new generation of entrepreneurs who will contribute to the economic revitalization of distressed regions. The Foundation has awarded $5,400,000 in conditional funding for Blackstone LaunchPad of which $2,422,000 has been paid through June 30, 2013. Blackstone Entrepreneurs Network is an initiative to strengthen existing entrepreneurial ecosystems in struggling areas by building a network of master entrepreneurs and connecting them with a pipeline of potential high growth ventures. The Foundation has awarded $3,630,000 in conditional funding for Blackstone Entrepreneurs Network of which $2,453,000 has been paid through June 30, 2013. Blackstone Accelerates Growth spurs economic growth and is designed to help historically resource-based economies transition to innovation economies. Rural economies in the United States must overcome unique challenges, including geographically dispersed population centers and lower levels of innovation and R&D investments. Blackstone Accelerates Growth promotes entrepreneurship by coordinating a critical network of entrepreneurial services to high-potential companies in newly created Innovation Hubs. The Foundation has awarded $4,600,000 in conditional funding for Blackstone Accelerates Growth of which $1,694,736 has been paid through June 30, 2013. [4] The Blackstone Organizational Grants program makes targeted grants to entrepreneurial organizations that spread the ideals of entrepreneurship and benefit local communities. In coordination with its regional efforts to spur entrepreneurship around the country and the world, the Foundation is creating a national and global network in which the participating organizations can share best practices, methodologies, and contacts, and are connected with Blackstone's intellectual capital and resources. Through June 30, 2013, the Foundation awarded $1,000,000 in conditional funding in Organizational Grants and in 2013 paid $499,500 of this award. Through June 30, 2013, the Foundation has awarded $14,630,000 toward the $50,000,000 Initiative.
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IRS990/MissionDescription0THE BLACKSTONE CHARITABLE FOUNDATION (THE "FOUNDATION") SERVES AS THE PRIMARY VEHICLE FOR CHARITABLE GIVING ON BEHALF OF THE SENIOR MANAGING DIRECTORS AND EMPLOYEES OF THE BLACKSTONE GROUP L.P. ("BLACKSTONE"). THE FOUNDATION'S PHILANTHROPY EXTENDS TO SUPPORTING COMMUNITIES IN NEED, IN GEOGRAPHIC AREAS WHERE BLACKSTONE WORKS AND LIVES, WHICH CAN BENEFIT FROM BLACKSTONE'S INTELLECTURAL AND FINANCIAL CAPITAL. THE FOUNDATION DIRECTS SUPPORT TO A RANGE OF PROJECTS AND ORGANIZATIONS THAT DEMONSTRATE INNOVATION AND FORWARD THINKING IN THEIR APPROACH TO PROBLEM SOLVING AND IMPROVING ECONOMIC AND SOCIAL CONDITIONS. On April 30, 2010, the Foundation launched "The Blackstone Entrepreneurship Initiative" (the "Initiative"), a five-year, $50,000,000 conditional initiative to create connected networks, or "ecosystems", of master coaches in regions across the nation and around the world. Through these connecting ecosystems, the Foundation's goal is to build an elite global network of master coaches a
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IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years04965543
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years05420058
IRS990ScheduleA/GiftsGrantsContribReceived170/Total025205611
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear03497332
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year02112658
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years02381820
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years0704824
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years04347
IRS990ScheduleA/GrossInvestmentIncome170/Total08700981
IRS990ScheduleA/NetUBI/Total00
IRS990ScheduleA/OtherIncome170/Total00
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.39021
IRS990ScheduleA/PublicSupportPertcentPriorYear00.49080
IRS990ScheduleA/PublicSupportTotal170013230757
IRS990ScheduleA/TaxRevLeviedForOrgBenefit170/Total00
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYear06810661
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year04027646
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years03981703
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years04965543
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years05420058
IRS990ScheduleA/Total170/Total025205611
IRS990ScheduleA/TotalSupport033906592
IRS990ScheduleA/ValueSrvcFcltsFurnishedByGovt/Total00
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990ScheduleD/AggregateDAFValue04181677
IRS990ScheduleD/DisclosedForCharitablePurposes0true
IRS990ScheduleD/DisclosedOrgsLegalControl0true
IRS990ScheduleD/DonatedServicesUseOfFacilities052885
IRS990ScheduleD/DonatedSrvcAndUseOfFacilities052885
IRS990ScheduleD/DonorAdvisedContributions06738811
IRS990ScheduleD/ExpensesNotRptdF990052885
IRS990ScheduleD/ExpensesSubtotal013444093
IRS990ScheduleD/FederalIncomeTaxLiability00
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The Foundation follows the provisions of the Financial Accounting Standards Board's Accounting Standards Codification ("ASC") Topic 740-10-05 relating to accounting and reporting for uncertainty in income taxes. Since the Foundation has always recorded the potential tax liability for excise tax, and due to its general tax-exempt status, ASC Topic 740-10-05 has not had, and is not expected to have, a material effect on its financial statements. The Foundation is no longer subject to examination by federal or state tax authorities for fiscal years prior to 2010.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0INCOME TAX UNCERTAINTIES
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0FORM 990, SCHEDULE D, PART X, QUESTION 2
IRS990ScheduleD/GrantsPaidFromDonorFunds04720167

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