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Nonprofiteer
← THE GRADUATE CENTER FOUNDATION INC

Form 990 for tax year 2022

Filed by THE GRADUATE CENTER FOUNDATION INC.

Totals

Total revenue
$6,755,470
Total expenses
$8,957,407
Contributions and grants received
$5,501,980
Grants paid
$3,813,064
Program service revenue
$0
Investment income
$1,233,021
Other revenue
$20,469
Total assets, end of year
$64,986,118
Total liabilities, end of year
$301,199
Net assets or fund balances, end of year
$64,684,919
Program services expenses (Part IX)
$8,564,957
Management and general expenses
$227,672
Fundraising expenses
$164,778
Program service expenses (Part III)
$8,564,957

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $158,113

  • 1f · All other contributions, gifts and grants

    $5,343,867

  • 3 · Investment income

    total $1,166,148 · excluded $1,166,148

  • 7a · Gross sales of assets other than inventory

    securities $1,144,693

  • 7b · Less cost or other basis and sales expenses

    securities $1,077,820

  • 7c · Gain or loss

    securities $66,873

  • 7d · Net gain or loss

    total $66,873 · excluded $66,873

  • 11a · Other revenue: OTHER REVENUE

    total $20,469 · excluded $20,469

  • 11e · Other revenue, total

    $20,469

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,390 · program services $27,390

  • 2 · Grants to domestic individuals

    total $3,557,724 · program services $3,557,724

  • 3 · Grants to foreign organizations and individuals

    total $227,950 · program services $227,950

  • 7 · Other salaries and wages

    total $2,617,434 · program services $2,562,069 · fundraising $55,365

  • 11b · Fees: legal

    total $8,870 · program services $8,870

  • 11c · Fees: accounting

    total $22,552 · management and general $22,552

  • 11f · Fees: investment management

    total $181,183 · management and general $181,183

  • 11g · Fees: other

    total $1,343,036 · program services $1,325,211 · fundraising $17,825

  • 12 · Advertising and promotion

    total $37,492 · program services $37,492

  • 13 · Office expenses

    total $220,061 · program services $197,435 · fundraising $22,626

  • 14 · Information technology

    total $100,264 · program services $50,961 · fundraising $49,303

  • 17 · Travel

    total $266,777 · program services $258,265 · fundraising $8,512

  • 19 · Conferences, conventions and meetings

    total $294,058 · program services $285,908 · fundraising $8,150

  • 23 · Insurance

    total $18,979 · program services $2,113 · management and general $16,866

  • 24a · Other expenses: MISCELLANEOUS

    total $17,915 · program services $14,918 · fundraising $2,997

  • 24b · Other expenses: BANK & CREDIT CARD PROC

    total $11,184 · program services $4,113 · management and general $7,071

  • 24c · Other expenses: EQUIPMENT

    total $4,538 · program services $4,538

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,602,973 · end of year $2,398,164

  • 2 · Savings and temporary cash investments

    beginning of year $4,010,491 · end of year $1,560,093

  • 3 · Pledges and grants receivable

    beginning of year $8,505,953 · end of year $6,924,534

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,287,114 · end of year $3,227,076

  • 10a · Land, buildings and equipment: cost or other basis

    $61,754

  • 10b · Land, buildings and equipment: accumulated depreciation

    $61,754

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $43,905,628 · end of year $46,791,421

  • 12 · Investments: other securities

    beginning of year $4,851,107 · end of year $3,329,397

  • 15 · Other assets

    beginning of year $595,301 · end of year $755,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $323,412 · end of year $261,640

  • 25 · Other liabilities

    beginning of year $36,359 · end of year $39,559

  • 27 · Net assets without donor restrictions

    beginning of year $3,141,794 · end of year $3,088,623

  • 28 · Net assets with donor restrictions

    beginning of year $62,257,002 · end of year $61,596,296

Mission and programs · 2022

Mission

SEE SCHEDULE O

  • SEE SCHEDULE O:THE GRADUATE CENTER FOUNDATION WAS ESTABLISHED IN 1983 AS AN INDEPENDENT NOT-FOR-PROFIT ENTITY THAT IS COMMITTED TO PROMOTING AND SAFEGUARDING THE SUCCESS OF THE GRADUATE CENTER. AS THE SOLE CHANNEL FOR CONTRIBUTIONS TO THE PROGRAMS, CENTERS AND INSTITUTIONS OF THE GRADUATE CENTER, THE FOUNDATION WORKS WITH THE PRESIDENT AND PROVOST OF THE GRADUATE CENTER ON INSTITUTIONAL PRIORITIES SUCH AS STUDENT SUPPORT, CAREER PLANNING AND COLLABORATIVE RESEARCH, AND WITH PROGRAM LEADERS ON TARGETED SCHOLARSHIPS AND STIPENDS, TRAVEL AND CONFERENCE SUPPORT, AND COMMUNICATING TO AND FROM ALUMNI. THE FOUNDATION ALSO MANAGES AND INVESTS DONATIONS FOR USE BY THE GRADUATE CENTER.THE CUNY GRADUATE CENTER IS LOCATED IN THE HEART OF MANHATTAN AND SET WITHIN THE LARGE AND MULTI-CAMPUS CITY UNIVERSITY OF NEW YORK. IT FOSTERS ADVANCED GRADUATE EDUCATION, ORIGINAL RESEARCH AND SCHOLARSHIP, INNOVATIVE UNIVERSITY-WIDE PROGRAMS, AND VIBRANT PUBLIC EVENTS THAT DRAW UPON AND CONTRIBUTE TO THE COMPLEX COMMUNITIES OF NEW YORK CITY AND BEYOND. THROUGH A BROAD RANGE OF NATIONALLY PROMINENT DOCTORAL PROGRAMS, THE GRADUATE SCHOOL PREPARES STUDENTS TO BE SCHOLARS, TEACHERS, EXPERTS, AND LEADERS IN THE ACADEMY, THE ARTS AND IN THE PRIVATE, NONPROFIT, AND GOVERNMENT SECTORS. COMMITTED TO CUNY'S HISTORIC MISSION OF EDUCATING THE CHILDREN OF THE WHOLE PEOPLE, WE WORK TO PROVIDE ACCESS TO GRADUATE EDUCATION FOR DIVERSE GROUPS OF HIGHLY-TALENTED STUDENTS, INCLUDING THOSE WHO HAVE BEEN UNDERREPRESENTED IN HIGHER EDUCATION.THREE LARGEST PROGRAM SERVICE ACHIEVEMENTS FOR ARE:A. CUNY GRADUATE CENTER RECEIVED A $2 MILLION GRANT FROM THE WAVERLEY STREET FOUNDATION. IN PARTNERSHIP WITH THE NEW YORK CITY ENVIRONMENTAL JUSTICE ALLIANCE (NYC-EJA), THE GRANT WILL AIM TO ESTABLISH THE NYC CLIMATE JUSTICE HUB TO ADVANCE AND ACCELERATE CLIMATE SOLUTIONS LED BY COMMUNITIES OF COLOR ON THE FRONT LINES OF CLIMATE BREAKDOWN. THE PARTNERSHIP IS SUPPORTED BY A TWO-YEAR TOTAL GRANT OF $4 MILLION FROM THE WAVERLEY STREET FOUNDATION.B. THE LEON LEVY FOUNDATION CONTINUES TO SUPPORT THE LEON LEVY CENTER FOR BIOGRAPHY AT THE CUNY GRADUATE CENTER WITH A GENEROUS GIFT OF $750,000. ESTABLISHED IN 2007 AS A HUB FOR WRITERS, SCHOLARS, STUDENTS, TEACHERS, AND READERS OF BIOGRAPHY, THE LEON LEVY CENTER FOR BIOGRAPHY BUILDS CONNECTIONS BETWEEN INDEPENDENT AND UNIVERSITY-AFFILIATED BIOGRAPHERS ACROSS DISCIPLINES AND CULTIVATES IMPORTANT DISCUSSIONS ABOUT THE ART AND CRAFT OF BIOGRAPHY HISTORICALLY AND IN OUR TIME.THE LEON LEVY CENTER FOR BIOGRAPHY SPONSORS A VARIETY OF EVENTS AND PUBLIC PROGRAMS, AND OFFERS FOUR FELLOWSHIPS ANNUALLY TO FUND THE RESEARCH AND WRITING OF OUTSTANDING BIOGRAPHIES AND TWO FELLOWSHIPS TO CUNY DISSERTATION STUDENTS WRITING BIOGRAPHY.C. PROFESSOR BRIAN SCHWARTZ AND HIS WIFE, TERI BLACK SCHWARTZ CREATED AN ENDOWMENT WITH A CONTRIBUTION OF $150,000. THE ENDOWMENT FUND WILL SUPPORT PROGRAMMING IN THE SCIENCE CENTER ON THE 4TH FLOOR OF THE GRADUATE CENTER. THE CENTER WAS RENAMED THE BLACK & SCHWARTZ SCIENCE PROGRAM CENTER

    Expenses $8,564,957 · Grants $3,813,064

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter H Darrow Esq

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10 + 2 related
  • Lin I Bildner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Dwight E Lee

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3 + 1 related
  • Myron S Glucksman

    TREASURER

    Total calculated
    $0
    Hours/week
    10 + 2 related
  • James P Blanco

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Craig Kaplan Esq

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • Karen C Altfest

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Hugo J Barreca II PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Helen Bodian

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Miles Gerstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Samantha H Gilbert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alice C Goh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Robert B Goldstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Felleman Hammel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brian P Jones PhD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Joanna Migdal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Alan M Klein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Vivian Pan PhD CFA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Raymond Quinlan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2
  • Robert F Raucci

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jide J Zeitlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ellen Zentner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dr Robin Garrell Ex-Officio

    PRESIDENT (VOTING)

    Total calculated
    $473,345
    From this org
    $0
    From related orgs
    $437,340
    Other
    $36,005
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $437,340 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $11,605 related
    Filer's total
    $0 + $473,345 related
  • Steve Everett Ex-Officio

    PROVOST (NON-VOTIN

    Total calculated
    $309,760
    From this org
    $0
    From related orgs
    $292,391
    Other
    $17,369
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,391 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,242 related
    Nontaxable benefits
    $0 + $10,127 related
    Filer's total
    $0 + $309,760 related
  • Brian Peterson

    S.V.P. FOR FINANCE & ADMIN

    Total calculated
    $338,107
    From this org
    $0
    From related orgs
    $287,404
    Other
    $50,703
    Hours/week
    1 + 11 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,404 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,108 related
    Nontaxable benefits
    $0 + $27,595 related
    Filer's total
    $0 + $338,107 related
  • Wendy Demarco Fuentes

    V.P. FOR INST'L ADVANCEMEN

    Total calculated
    $257,405
    From this org
    $0
    From related orgs
    $210,045
    Other
    $47,360
    Hours/week
    35 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,045 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,814 related
    Nontaxable benefits
    $0 + $30,546 related
    Filer's total
    $0 + $257,405 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • CUNY GRADUATE CENTER

    $20,390

    GRADUATE CENTER HUMANITIES CHAIR SUPPLEMENTS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
16 April 2024
IRS schema version
2022v5.0
Source object
202441209349301219

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