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THE PERSHING SQUARE FOUNDATION

NEW YORK, NY · EIN 208068401 · Form 990PF · FY2024 · NTEE S12 · Community Improvement · Large ($10M-$50M)
revenue
$36.2M
expenses
$14.8M
net assets
$414.6M
employees
profile · synthesized from sources

The Pershing Square Foundation is a private foundation based in New York that supports high-impact initiatives in science, health, and social innovation. It primarily funds research and early-career scientists through major prizes and targeted grants to academic and medical institutions. The foundation also provides general support to select nonprofit organizations working in community improvement and public benefit.

named programs · 3 · from sources

What they call their work

Pershing Square Sohn Prize for Young Investigators in Cancer Research
Annual prize supporting early-career scientists in the New York metropolitan area pursuing innovative cancer research
Programmable Therapeutics Initiative
Funds foundational research at the Broad Institute aimed at developing next-generation medicines through programmable platforms
The MIND (Maximizing Innovation in Neuroscience Discovery) Prize
Supports pioneering neuroscience research by young investigators at leading academic institutions
activities · 4 groups

What they do

  • Genetic and Neurological Disease Research Funding 2 activities
    • Awarding The MIND Prize to support innovation in neuroscience discovery
      Supports breakthrough neuroscience research through The MIND Prize, which funds innovative discovery projects across multiple institutions.
    • Funding neuroscience research on synaptic protein degradation at The Rockefeller University
      Provides targeted funding for research at The Rockefeller University exploring synaptic protein degradation as a therapeutic strategy for neurodegenerative diseases.
  • Medical Research Funding 1 activity
    • Funding research on programmable therapeutics for next-generation medicines
      Funds scientific research focused on programmable therapeutics to advance the development of novel, next-generation medicines.
  • Cancer Research Funding 1 activity
    • Providing Pershing Square Sohn Prize grants to early-career cancer researchers
      Awards grants through the Pershing Square Sohn Prize to support high-potential, early-career scientists pursuing transformative cancer research.
  • General Operating Support Grants 1 activity
    • Providing general operating support to AMCHAI and Citizens Alliance
      Offers unrestricted general operating support to organizations including AMCHAI and Citizens Alliance to strengthen their core operations.
financials · form 990PF · fy2024
revenue
Total revenue$36.15M
Contributions & grants
Program service revenue
Investment income$2.81M8%
Other revenue$34.11M
expenses
Total expenses$14.77M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$410K
Grants paid out$10.93M
balance sheet
Total assets$414.59M
Cash
Investments
Liabilities
Net assets$414.59M
4 years on record · 2019–2024 · YoY revenue +63.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
OLIVIA TOURNAY FLATTO PRESIDENT 40 $447K
board members · 2
  • NERI OXMAN — TRUSTEE
  • WILLIAM A ACKMAN — TRUSTEE
relationships · 10

Who they work with

  • ALBERT EINSTEIN COLLEGE OF MEDICINE Partner — Recipient of the Pershing Square Sohn Prize for Young Investigators in Cancer Research.
  • AMCHAI Partner — Received general support grant.
  • CITIZENS ALLIANCE Partner — Received general support grant.
  • COLD SPRING HARBOR LABORATORY Partner — Recipient of The MIND Prize for neuroscience innovation.
  • CORNELL UNIVERSITY Partner — Recipient of both The MIND Prize and the Pershing Square Sohn Prize for cancer research.
  • ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI Partner — Recipient of the Pershing Square Sohn Prize for Young Investigators in Cancer Research.
  • JOHNS HOPKINS UNIVERSITY Partner — Recipient of The MIND Prize for neuroscience innovation.
  • MASSACHUSETTS INSTITUTE OF TECHNOLOGY Partner — Recipient of The MIND Prize for neuroscience innovation.
  • THE BROAD INSTITUTE OF MIT AND HARVARD Partner — Funded for research on programmable therapeutics.
  • THE ROCKEFELLER UNIVERSITY Partner — Funded for research on synaptic protein degradation in neurodegenerative diseases.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Prize-Based Research Acceleration
    methodology: prize_based_research_acceleration
    By offering competitive prize grants, we drive breakthroughs in high-risk scientific fields because the incentive structure attracts innovative approaches and motivates rapid progress from researchers.