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Lawrence T Babbio Jr Foundation is a private trust based in ALBANY, NY. The foundation received its IRS ruling in 2014. The principal officer is % Goldman Sachs Ayco. It holds total assets of $5M. Annual income is reported at $2.1M. PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT. According to available records, Lawrence T Babbio Jr Foundation has made 36 grants totaling $1.6M, with a median grant of $15K. Annual giving has grown from $373K in 2020 to $776K in 2022. Individual grants have ranged from $100 to $439K, with an average award of $44K. The foundation has supported 18 unique organizations. The foundation primarily supports organizations in New York, New Jersey, Pennsylvania, which account for 89% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3).
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in NY, NJ, PA.
Lawrence T Babbio Jr Foundation has distributed a total of $1.6M across 36 grants. The median grant size is $15K, with an average of $44K. Individual grants have ranged from $100 to $439K.
Lawrence T Babbio Jr Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lawrence T Babbio Jr Foundation is headquartered in ALBANY, NY. While based in NY, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robyn Babbio | TRUSTEE | $0 | $0 | $0 |
| Lawrence T Babbio Jr | TRUSTEE | $0 | $0 | $0 |
| Lawrence T Babbio Iii | TRUSTEE | $0 | $0 | $0 |
Total Giving
$905K
Total Assets
$5.6M
Fair Market Value
$7.2M
Net Worth
$5.6M
Grants Paid
$867K
Contributions
$0
Net Investment Income
$133K
Distribution Amount
$360K
Total: $4.2M
Total Grants
36
Total Giving
$1.6M
Average Grant
$44K
Median Grant
$15K
Unique Recipients
18
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stevens Institute Of TechnologyGENERAL CHARITABLE PURPOSES | Hoboken, NY | $76K | 2022 |
| Collegiate SchoolGENERAL CHARITABLE PURPOSES | New York, NY | $70K | 2022 |
| Saint Peter'S Preparatory SchoolGENERAL CHARITABLE PURPOSES | Jersey City, NJ | $53K | 2022 |
| New York-Presbyterian HospitalGENERAL CHARITABLE PURPOSES | New York, NY | $50K | 2022 |
| The Hun School Of PrincetonGENERAL CHARITABLE PURPOSES | Princeton, NJ | $50K |
| 2022 |
| Gettysburg CollegeGENERAL CHARITABLE PURPOSES | Gettysburg, PA | $25K | 2022 |
| Loyola UniversityGENERAL CHARITABLE PURPOSES | Baltimore, MD | $25K | 2022 |
| Memorial Sloan Kettering Cancer CenterGENERAL CHARITABLE PURPOSES | New York, NY | $25K | 2022 |
| The Fund For Park AveGENERAL CHARITABLE PURPOSES | New York, NY | $5K | 2022 |
| Central Park ConservancyGENERAL CHARITABLE PURPOSES | New York, NY | $5K | 2022 |
| Museum Of Modern ArtGENERAL CHARITABLE PURPOSES | New York, NY | $1K | 2022 |
| American Museum Of Natural HistoryGENERAL CHARITABLE PURPOSES | New York, NY | $1K | 2022 |
| Metropolitan Museum Of ArtGENERAL CHARITABLE PURPOSES | New York, NY | $1K | 2022 |
| Mayo ClinicGENERAL CHARITABLE PURPOSES | Rochester, MN | $1K | 2022 |
| National September 11 Memorial & MuseumGENERAL CHARITABLE PURPOSES | New York, NY | $500 | 2022 |
| The New York Landmarks ConservancyGENERAL CHARITABLE PURPOSES | New York, NY | $100 | 2022 |
| St Patrick'S CathedralGENERAL CHARITABLE PURPOSES | New York, NY | $100 | 2022 |
| See AttachmentFOR GENERAL PURPOSES | Various, NY | $439K | 2021 |
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