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ARMADAS FOUNDATION (FKA MASADA FDN)
FLUSHING, NY · EIN 161622664 · Form 990PF · FY2023 · NTEE T22 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$4.6M
expenses
$194K
net assets
$63.5M
employees
—
profile · synthesized from sources

The Armadas Foundation, formerly known as the Masada Foundation, is a private foundation based in New York. It operates primarily as a grantmaking entity, channeling substantial funds to charitable causes through donor-advised funds. The organization has consistently directed multi-million dollar grants to the Goldman Sachs Philanthropy Fund for general charitable purposes.

named programs · 1 · from sources

What they call their work

General Charitable Grantmaking
Supports charitable initiatives through grants to the Goldman Sachs Philanthropy Fund, which directs resources to a range of nonprofit organizations and causes
activities · 1 group

What they do

  • Centralized Community Federation Support 1 activity
    • Funding general charitable purposes through the Goldman Sachs Philanthropy Fund
      Funds the Goldman Sachs Philanthropy Fund to support general charitable purposes. This grantmaking activity reflects the foundation's role in channeling resources to broader philanthropic initiatives.
financials · form 990PF · fy2023
revenue
Total revenue$4.64M
Contributions & grants$2K0%
Program service revenue——
Investment income$769K17%
Other revenue$3.87M
expenses
Total expenses$194K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$4.00M
balance sheet
Total assets$63.54M
Cash—
Investments—
Liabilities—
Net assets$63.54M
4 years on record · 2020–2023 · YoY revenue -0.1%
leadership · form 990 part vii · fy2023

Who runs it

board members · 3
  • RACHELLE KIRSCHNER — TREASURER/DIRECTOR
  • RICHARD KIRSCHNER — PRESIDENT/DIRECTOR
  • STANLEY FLEISHMAN — SECRETARY/DIRECTOR
relationships · 1

Who they work with

  • GOLDMAN SACHS PHILANTHROPY FUND Partner — Receives general charitable grants from Armadas Foundation