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The 1971@Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2016. The principal officer is Jes. It holds total assets of $15.5M. Annual income is reported at $73K. Total assets have grown from $996K in 2015 to $15.5M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, The 1971@Foundation Inc. has made 1 grants totaling $1.5M, with a median grant of $1.5M. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The 1971@Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in NY.
The 1971@Foundation Inc. has distributed a total of $1.5M across 1 grants. The median grant size is $1.5M, with an average of $1.5M. Individual grants have ranged from $1.5M to $1.5M.
The 1971@Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The 1971@Foundation Inc. is headquartered in NEW YORK, NY.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Andrew S Gundlach | PRESIDENT | $0 | $0 | N/A |
| Barbara Gundlach | TREASURER | $0 | $0 | N/A |
Total Giving
$18K
Total Assets
$15.5M
Fair Market Value
$15.4M
Net Worth
$15.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$115K
Distribution Amount
$70K
Total: $93K
Total Grants
1
Total Giving
$1.5M
Average Grant
$1.5M
Median Grant
$1.5M
Unique Recipients
1
Most Common Grant
$1.5M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bard CollegeDESCRIPTION:WORK OF FINE ART - DRAWING BY HENRY MOORE (BRITISH 1898-1966)TWO WOMEN WINDING WOOLSIGNED AND DATED 'MOORE 42' (LOWER RIGHT)PEN AND BLACK INK, COLORED WAX CRAYONS, WATERCOLOR ON PAPER14 3/4 X 19 3/8 IN.EXECUTED IN 1942BOOK VALUE AND VALUATION METHOD:$700,000 - BASED ON APPRAISED VALUE WHEN CONTRIBUTED TO FOUNDATION (MARCH 24,2017)FAIR MARKET VALUE AND VALUATION METHOD:$1,500,000 - BASED ON FAIR MARKET VALUE APPRAISAL REPORT ISSUED DECEMBER 13,2022 | Annandaleonhudson, NY | $1.5M | 2022 |