Liabilities / Assets
21st percentile
Higher debt load relative to assets than 21% of similar nonprofits.
990 • Fiscal year 2014 • EIN 26-0462996
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
21st percentile
Higher debt load relative to assets than 21% of similar nonprofits.
Liabilities / Revenue
34th percentile
Higher debt load relative to revenue than 34% of similar nonprofits.
Net Margin
91st percentile
Higher net margin than 91% of similar nonprofits.
Top Officer Pay
49th percentile
Higher top officer pay than 49% of similar nonprofits.
Top officer pay equals 1.4% of source-year revenue.
Asset Growth
93rd percentile
Faster asset growth than 93% of similar nonprofits.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Assets
Up$117,809,073
Up $27,542,448 (+31%) from 2013
Net Assets
Up$107,635,274
Up $20,801,970 (+24%) from 2013
Liabilities
Up$10,173,799
Up $6,740,478 (+196%) from 2013
Revenue
$31,880,550
No earlier filing loaded for comparison.
Expenses
Up$17,068,788
Up $3,624,695 (+27%) from 2013
Net Income
$14,811,762
No earlier filing loaded for comparison.
Support of a wide range of projects that demonstrate innovation and forward thinking in their approach to problem solving and improving economic and social conditions.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $60,211,552 | $81,998,383 | ▲ $21,786,831 |
| Investments in Publicly Traded Securities | $27,892,639 | $32,759,853 | ▲ $4,867,214 |
| Savings and Temporary Cash Investments | $2,162,434 | $3,050,837 | ▲ $888,403 |
| Cash and Non-Interest-Bearing Accounts | $0 | $0 | → $0 |
| Accounts Receivable | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Program Related | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | - | - |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $90,266,625 | $117,809,073 | ▲ $27,542,448 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $3,253,852 | $9,895,797 | ▲ $6,641,945 |
| Accounts Payable and Accrued Expenses | $81,469 | $203,002 | ▲ $121,533 |
| Grants Payable | $98,000 | $75,000 | ▼ $23,000 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $3,433,321 | $10,173,799 | ▲ $6,740,478 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $86,833,304 | $107,635,274 | ▲ $20,801,970 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Temporarily Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $86,833,304 | $107,635,274 | ▲ $20,801,970 |
| Total Liabilities and Net Assets / Fund Balance | $90,266,625 | $117,809,073 | ▲ $27,542,448 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $39,262,163 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Amy Stursberg | Executive Director | FT | $258,529 | $193,687 | $452,216 |
| Antonio Tolentino | Program Director | FT | $131,000 | $8,077 | $139,077 |
| Lindsey Cohen | Foundation Administrator | FT | $95,503 | $8,820 | $104,323 |
| Name | Title |
|---|---|
| Joan Solotar | Chair |
| Sean Klimczak | President |
| Bill Stein | Director |
| Bob Friedman | Director |
| Christine Anderson | Director |
| Dwight Scott | Director |
| Erik Lisher | Director |
| John Studzinski | Director |
| Matt Skurbe | Director |
| John Mccormick | Secretary |
| Brian Gavin | Treasurer |
| Contribution Type | Contribution Count | Reported Amount |
|---|---|---|
| Secur Prtnrshp Trust Intrsts | 8 | $5,508,734 |
| Total Noncash Contributions | 8 | $5,508,734 |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $14,508,396 |
| Other Expenses | $1,678,408 |
| Salaries, Compensation, and Employee Benefits | $881,984 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $14,474,795 | - | - | $14,474,795 |
| Current Officers, Directors, Trustees, and Key Employees | $316,476 | $117,053 | $0 | $433,529 |
| Fees for Services Other | $411,666 | $14,000 | - | $425,666 |
| Other Salaries and Wages | $258,684 | $97,834 | - | $356,518 |
| Travel | $284,803 | $8,909 | - | $293,712 |
| Fees for Services Accounting | - | $102,156 | - | $102,156 |
| All Other Expenses | $52,512 | $13,136 | - | $65,648 |
| Office Expenses | $11,956 | $48,368 | - | $60,324 |
| Payroll Taxes | $31,641 | $11,821 | - | $43,462 |
| Other Employee Benefits | $29,642 | $11,074 | - | $40,716 |
| Foreign Grants | $33,601 | - | - | $33,601 |
| Pension Plan Contributions | $5,649 | $2,110 | - | $7,759 |
| Other Expenses | $4,984 | $1,582 | - | $1,582 |
| Total Functional Expenses | $15,916,409 | $1,152,379 | $0 | $17,068,788 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $17,134,298 |
| Expenses per Audited Statements | $17,068,788 |
| Total Expenses per Form 990 | $17,068,788 |
| Expenses Not Reported on Form 990 | $65,510 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| 36-1408475 | - | 501(c)(3) | Donation | $1,750,000 |
| 56-6001393 | - | 501(c)(3) | Donation | $1,177,000 |
| 59-0624458 | - | 501(c)(3) | Donation | $1,082,082 |
| 84-6049811 | - | 501(c)(3) | Donation | $1,000,000 |
| 59-0624458 | - | 501(c)(3) | Donation | $730,000 |
| 11-0303001 | - | 501(c)(3) | Donation | $597,746 |
| 59-0624458 | - | 501(c)(3) | Donation | $493,000 |
| 01-0529871 | - | 501(c)(3) | Donation | $418,663 |
| 56-6001393 | - | 501(c)(3) | Donation | $362,000 |
| 13-1740451 | - | 501(c)(3) | Donation | $300,000 |
| 59-0624458 | - | 501(c)(3) | Donation | $300,000 |
| 95-1642394 | - | 501(c)(3) | Donation | $263,520 |
| 04-2103580 | - | 501(c)(3) | Donation | $250,000 |
| 95-6006143 | - | 501(c)(3) | Donation | $222,785 |
| 34-6598971 | - | 501(c)(3) | Donation | $222,660 |
| 34-6598971 | - | 501(c)(3) | Donation | $217,474 |
| 13-3465803 | - | 501(c)(3) | Donation | $200,000 |
| 13-1837409 | - | 501(c)(3) | Donation | $150,000 |
| 03-6016791 | - | 501(c)(3) | Donation | $100,000 |
| 14-1782466 | - | 501(c)(3) | Donation | $100,000 |
| 56-0532129 | - | 501(c)(3) | Donation | $100,000 |
| 13-5644916 | - | 501(c)(3) | Donation | $100,000 |
| 23-1352688 | - | 501(c)(3) | Donation | $100,000 |
| 46-0809190 | - | 501(c)(3) | Donation | $84,000 |
| 13-1624241 | - | 501(c)(3) | Donation | $80,000 |
| 95-3643339 | - | 501(c)(3) | Donation | $79,250 |
| 52-2018791 | - | 501(c)(3) | Donation | $75,000 |
| 65-0206641 | - | 501(c)(3) | Donation | $75,000 |
| 27-2987904 | - | 501(c)(3) | Donation | $75,000 |
| 84-0399006 | - | 501(c)(3) | Donation | $62,500 |
| 45-3980649 | - | 501(c)(3) | Donation | $62,500 |
| 77-0485877 | - | 501(c)(3) | Donation | $60,000 |
| 45-0470675 | - | 501(c)(3) | Donation | $56,500 |
| 59-0624458 | - | 501(c)(3) | Donation | $55,000 |
| 95-2226406 | - | 501(c)(3) | Donation | $54,191 |
| 13-1889074 | - | 501(c)(3) | Donation | $50,000 |
| 52-0742294 | - | 501(c)(3) | Donation | $50,000 |
| 45-2137574 | - | 501(c)(3) | Donation | $50,000 |
| 53-0196577 | - | 501(c)(3) | Donation | $50,000 |
| 94-3386695 | - | 501(c)(3) | Donation | $50,000 |
| 23-7439789 | - | 501(c)(3) | Donation | $50,000 |
| 13-1740451 | - | 501(c)(3) | Donation | $50,000 |
| 13-4186070 | - | 501(c)(3) | Donation | $50,000 |
| 13-6159699 | - | 501(c)(3) | Donation | $50,000 |
| 13-2566973 | - | 501(c)(3) | Donation | $50,000 |
| 13-5562314 | - | 501(c)(3) | Donation | $50,000 |
| 45-4308444 | - | 501(c)(3) | Donation | $50,000 |
| 84-1530768 | - | 501(c)(3) | Donation | $50,000 |
| 62-1765738 | - | 501(c)(3) | Donation | $50,000 |
| 62-1765738 | - | 501(c)(3) | Donation | $50,000 |
| 51-0198509 | - | 501(c)(3) | Donation | $50,000 |
| 23-7135898 | - | 501(c)(3) | Donation | $50,000 |
| 13-2617681 | - | 501(c)(3) | Donation | $50,000 |
| 27-0456475 | - | 501(c)(3) | Donation | $50,000 |
| 27-2987904 | - | 501(c)(3) | Donation | $50,000 |
| 06-0646973 | - | 501(c)(3) | Donation | $50,000 |
| 04-3534407 | - | 501(c)(3) | Donation | $50,000 |
| 37-1702739 | - | 501(c)(3) | Donation | $40,000 |
| 13-4025290 | - | 501(c)(3) | Donation | $35,000 |
| 45-0470675 | - | 501(c)(3) | Donation | $35,000 |
| 13-1924236 | - | 501(c)(3) | Donation | $33,333 |
| 37-1702739 | - | 501(c)(3) | Donation | $32,500 |
| 13-3801336 | - | 501(c)(3) | Donation | $30,000 |
| 13-1641069 | - | 501(c)(3) | Donation | $30,000 |
| 51-0453629 | - | 501(c)(3) | Donation | $30,000 |
| 13-1255270 | - | 501(c)(3) | Donation | $30,000 |
| 06-1517218 | - | 501(c)(3) | Donation | $30,000 |
| 13-1641077 | - | 501(c)(3) | Donation | $25,875 |
| 13-1788491 | - | 501(c)(3) | Donation | $25,000 |
| 25-1306992 | - | 501(c)(3) | Donation | $25,000 |
| 65-0427215 | - | 501(c)(3) | Donation | $25,000 |
| 13-5562184 | - | 501(c)(3) | Donation | $25,000 |
| 33-0739596 | - | 501(c)(3) | Donation | $25,000 |
| 13-3170676 | - | 501(c)(3) | Donation | $25,000 |
| 15-0532082 | - | 501(c)(3) | Donation | $25,000 |
| 11-6107128 | - | 501(c)(3) | Donation | $25,000 |
| 31-1734086 | - | 501(c)(3) | Donation | $25,000 |
| 27-4374555 | - | 501(c)(3) | Donation | $25,000 |
| 13-3688519 | - | 501(c)(3) | Donation | $25,000 |
| 26-0413943 | - | 501(c)(3) | Donation | $25,000 |
| 26-0413943 | - | 501(c)(3) | Donation | $25,000 |
| 20-1664531 | - | 501(c)(3) | Donation | $25,000 |
| 13-3691252 | - | 501(c)(3) | Donation | $25,000 |
| 13-1924236 | - | 501(c)(3) | Donation | $25,000 |
| 13-1924236 | - | 501(c)(3) | Donation | $25,000 |
| 27-1052771 | - | 501(c)(3) | Donation | $25,000 |
| 23-7059679 | - | 501(c)(3) | Donation | $25,000 |
| 13-2566973 | - | 501(c)(3) | Donation | $25,000 |
| 53-0242652 | - | 501(c)(3) | Donation | $25,000 |
| 13-3444193 | - | 501(c)(3) | Donation | $25,000 |
| 13-3160356 | - | 501(c)(3) | Donation | $25,000 |
| 13-1887440 | - | 501(c)(3) | Donation | $25,000 |
| 13-3340675 | - | 501(c)(3) | Donation | $25,000 |
| 26-4434478 | - | 501(c)(3) | Donation | $25,000 |
| 57-1174548 | - | 501(c)(3) | Donation | $25,000 |
| 13-3840396 | - | 501(c)(3) | Donation | $25,000 |
| 22-3607512 | - | 501(c)(3) | Donation | $25,000 |
| 74-1109620 | - | 501(c)(3) | Donation | $25,000 |
| 23-7098123 | - | 501(c)(3) | Donation | $25,000 |
| 51-0178429 | - | 501(c)(3) | Donation | $25,000 |
| 13-2617681 | - | 501(c)(3) | Donation | $25,000 |
| 23-1352685 | - | 501(c)(3) | Donation | $25,000 |
| 23-1352685 | - | 501(c)(3) | Donation | $25,000 |
| 13-3465803 | - | 501(c)(3) | Donation | $25,000 |
| 15-0532082 | - | 501(c)(3) | Donation | $25,000 |
| 59-0637867 | - | 501(c)(3) | - | $25,000 |
| 13-2925233 | - | 501(c)(3) | Donation | $24,000 |
| 13-3277408 | - | 501(c)(3) | Donation | $22,500 |
| 13-5562185 | - | 501(c)(3) | Donation | $20,500 |
| 13-1623915 | - | 501(c)(3) | Donation | $20,000 |
| 20-3971209 | - | 501(c)(3) | Donation | $20,000 |
| 04-2103594 | - | 501(c)(3) | Donation | $20,000 |
| 23-1352685 | - | 501(c)(3) | Donation | $20,000 |
| 13-1624086 | - | 501(c)(3) | Donation | $17,500 |
| 13-5660870 | - | 501(c)(3) | Donation | $16,000 |
| 13-5563393 | - | 501(c)(3) | Donation | $15,000 |
| 13-3212867 | - | 501(c)(3) | Donation | $15,000 |
| 23-7363555 | - | 501(c)(3) | Donation | $15,000 |
| 26-2573681 | - | 501(c)(3) | Donation | $15,000 |
| 11-2517055 | - | 501(c)(3) | Donation | $15,000 |
| 22-3785561 | - | 501(c)(3) | Donation | $15,000 |
| 13-2711338 | - | 501(c)(3) | Donation | $15,000 |
| 26-1572599 | - | 501(c)(3) | Donation | $15,000 |
| 46-1069453 | - | 501(c)(3) | Donation | $15,000 |
| 22-3607512 | - | 501(c)(3) | Donation | $15,000 |
| 51-0178429 | - | 501(c)(3) | Donation | $15,000 |
| 24-0795495 | - | 501(c)(3) | Donation | $15,000 |
| 52-1936144 | - | 501(c)(3) | Donation | $15,000 |
| 23-1352685 | - | 501(c)(3) | Donation | $13,216 |
| 25-1306992 | - | 501(c)(3) | Donation | $12,500 |
| 13-5591750 | - | 501(c)(3) | Donation | $12,500 |
| 11-3048002 | - | 501(c)(3) | Donation | $12,500 |
| 13-5562185 | - | 501(c)(3) | Donation | $12,500 |
| 03-6016791 | - | 501(c)(3) | Donation | $10,500 |
| 13-6162659 | - | 501(c)(3) | Donation | $10,000 |
| 13-3630066 | - | 501(c)(3) | Donation | $10,000 |
| 13-3234632 | - | 501(c)(3) | Donation | $10,000 |
| 13-1837409 | - | 501(c)(3) | Donation | $10,000 |
| 26-0506911 | - | 501(c)(3) | Donation | $10,000 |
| 52-2050972 | - | 501(c)(3) | Donation | $10,000 |
| 06-0647007 | - | 501(c)(3) | Donation | $10,000 |
| 23-7439789 | - | 501(c)(3) | Donation | $10,000 |
| 13-1641069 | - | 501(c)(3) | Donation | $10,000 |
| 13-1692606 | - | 501(c)(3) | Donation | $10,000 |
| 13-3449416 | - | 501(c)(3) | Donation | $10,000 |
| 13-3688519 | - | 501(c)(3) | Donation | $10,000 |
| 13-3062419 | - | 501(c)(3) | Donation | $10,000 |
| 13-1675082 | - | 501(c)(3) | Donation 501(c)(3) | $10,000 |
| 13-3926439 | - | 501(c)(3) | Donation | $10,000 |
| 13-2658549 | - | 501(c)(3) | Donation | $10,000 |
| 13-1924236 | - | 501(c)(3) | Donation | $10,000 |
| 13-4200404 | - | 501(c)(3) | Donation | $10,000 |
| 52-1433877 | - | 501(c)(3) | Donation | $10,000 |
| 13-6013760 | - | 501(c)(3) | Donation | $10,000 |
| 13-3149298 | - | 501(c)(3) | Donation | $10,000 |
| 04-3519203 | - | 501(c)(3) | Donation | $10,000 |
| 45-3539495 | - | 501(c)(3) | Donation | $10,000 |
| 13-5660278 | - | 501(c)(3) | Donation | $10,000 |
| 06-1264823 | - | 501(c)(3) | Donation | $10,000 |
| 13-1740483 | - | 501(c)(3) | Donation | $10,000 |
| 13-3565420 | - | 501(c)(3) | Donation | $10,000 |
| 13-3021180 | - | 501(c)(3) | Donation | $10,000 |
| 20-5061316 | - | 501(c)(3) | Donation | $10,000 |
| 13-3255679 | - | 501(c)(3) | Donation | $10,000 |
| 13-3686664 | - | 501(c)(3) | Donation | $10,000 |
| 13-5563003 | - | 501(c)(3) | Donation | $10,000 |
| 13-5598093 | - | 501(c)(3) | Donation | $10,000 |
| 13-2617681 | - | 501(c)(3) | Donation | $10,000 |
| 13-1635294 | - | 501(c)(3) | Donation | $10,000 |
| 23-1352685 | - | 501(c)(3) | Donation | $10,000 |
| 23-1352685 | - | 501(c)(3) | Donation | $10,000 |
| 13-3884881 | - | 501(c)(3) | Donation | $7,500 |
| 54-2143612 | - | 501(c)(3) | Donation | $7,500 |
| 32-0033325 | - | 501(c)(3) | Donation | $7,500 |
| 52-1495060 | - | 501(c)(3) | Donation | $6,500 |
| 52-1814447 | - | 501(c)(3) | Donation | $6,000 |
| 13-5562221 | - | 501(c)(3) | Donation | $5,500 |
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Central America and the Caribbean | Investments | - | - | - | $36,242,042 |
| Europe (Including Iceland and Greenland) | Grantmaking | - | - | - | $33,601 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Due to Broker | $6,750,000 |
| Services Partnership LLC | $3,067,846 |
| Business Income Taxes Payable | $77,951 |
“Relationships: the foundation's board of directors is comprised of employees of the blackstone group, lp. Blackstone group management llc, which serves as the general partner of the blackstone group lp, is the sole member of the foundation. As the foundation's board of directors are compensated as employees of a related organization, they are not deemed to be independent voting members of the foundation's governing board. The blackstone group, lp through its wholly owned entity blackstone adminstrative services partnership llc ("services"), provides the foundation with office space and grant and investment management services without charge. In addition, services provides an on-going interest-free loan to the foundation, in order to fund a portion of its charitable activities, payroll and benefits for the foundation staff (services acts as common paymaster), and other related administrative costs. The foundation currently reimburses services on a monthly basis for all advances from the previous month. The maturity date of the outstanding balance is december 31, 2015.”
“Review of form 990: management and outside counsel for the foundation review the draft form 990. Upon completion of the reviews, the full board of directors receive the approved draft prior to its electronic filing with the internal revenue service.”
“Conflict of interest policy: each member of the board of directors is required to complete and sign an annual acknowledgement of compliance with the foundation's conflict of interest policy and report any potential conflicts.”
“Determination of compensation of the executive director: the compensation of the foundation's executive director has been ratified by the full board of directors using data for comparable positions from public sources, including surveys compiled from the forms 990 of like sized organizations.”
“Availability of governing documents: copies of the foundation's form 990 and annual audited financial statements are available for public inspection upon request.”
“Extension of time to file for an exempt organization: applications for extensions of time to file an exempt organization return were electronically filed.”
“The foundation follows the provisions of the financial accounting standards board's (the "fasb") accounting standards codification ("asc") topic 740, "income taxes" relating to accounting and reporting for income taxes, including uncertainties. Since the foundation has always recorded the potential tax liability for excise tax, and due to its general tax-exempt status, asc topic 740 has not had, and is not expected to have, a material effect on its financial statements. There were no income tax-related interest or penalties recorded for fiscal years 2014 and 2013. The foundation is no longer subject to examination by federal or state tax authorities for fiscal-years prior to 2011.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 81469 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 203002 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | SUPPORT OF A WIDE RANGE OF PROJECTS THAT DEMONSTRATE INNOVATION AND FORWARD THINKING IN THEIR APPROACH TO PROBLEM SOLVING AND IMPROVING ECONOMIC AND SOCIAL CONDITIONS. |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 0 |
| IRS990/AllOtherContributionsAmt | 0 | 5618138 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 13136 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 52512 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 65648 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | AMY STURSBERG |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2125835465 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 345 PARK AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | New York |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 10154 |
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| IRS990/Desc | 0 | In 2010, the Foundation launched "The Blackstone Entrepreneurship Initiative" (the "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 and entrepreneurial support for aspiring entrepreneurs, and in turn, the high-growth businesses and industries that are most known to spark economic growth. Accordingly, the Foundation has directed its support, within the Initiative, toward the following programs: Blackstone 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 among 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 $12,000,000 in conditional funding for Blackstone LaunchPad, of which $6,856,000 had been paid through June 30, 2014. 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 $7,640,500 in conditional funding for Blackstone Entrepreneurs Network, of which $4,992,000 had been paid through June 30, 2014. 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 $3,000,000 in conditional funding for Blackstone Accelerates Growth, of which $1,266,000 had been paid through June 30, 2014. The Blackstone Innovation 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. The Foundation has awarded $2,600,000 in conditional funding for Innovation Grants, of which $1,825,000 had been paid through June 30, 2014. |
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| IRS990/MissionDesc | 0 | 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 |
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| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 2110 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 5649 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 7759 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | AMY STURSBERG |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | GRANTMAKING |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 6711212 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 6755661 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 11222403 |
| IRS990/PYInvestmentIncomeAmt | 0 | 7189200 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 1414425 |
| IRS990/PYOtherRevenueAmt | 0 | 2246 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 388502 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 921777 |
| IRS990/PYTotalExpensesAmt | 0 | 13558605 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 13947107 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 14811762 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | true |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 2162434 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 3050837 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 5618138 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 6810661 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4027646 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3981703 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 4965543 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 25403691 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 4072678 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3497332 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 2112658 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2381820 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 704824 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 12769312 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.25909 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.39020 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 9890091 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 15513600 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
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