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PERELMAN FAMILY CHARITABLE TRUST I

GARDEN CITY, NY · EIN 826501838 · Form 990PF · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Large ($10M-$50M)
revenue
$17.0M
expenses
$1.8M
net assets
$302.3M
employees
profile · synthesized from sources

Private charitable trust based in New York that makes grants to support a range of nonprofit organizations. The trust funds initiatives in education, healthcare, performing arts, and general charitable causes. Its primary activity is distributing funds to qualified organizations across the United States.

activities · 6 groups

What they do

  • Art Museum Funding and Support 2 activities
    • Funding Apollo Theater Foundation Inc for general charitable purposes
      Supports the Apollo Theater Foundation Inc through grants for general charitable purposes, contributing to arts, culture, and community programming.
    • Funding Perelman Performing Arts Center for general charitable purposes
      Supports the Perelman Performing Arts Center through unrestricted grants for general charitable purposes, contributing to arts and cultural programming.
  • University-Specific Endowment and Program Funding 2 activities
    • Funding Brown University for general charitable purposes
      Awards grants to Brown University to support its general charitable mission, potentially encompassing education, research, and public service.
    • Funding Drexel University for general charitable purposes
      Grants financial support to Drexel University for general charitable purposes, potentially benefiting higher education and community engagement initiatives.
  • General Operating Support Grants 2 activities
    • Funding The Chapman Foundation for general charitable purposes
      Provides grant funding to The Chapman Foundation for general charitable purposes, supporting its philanthropic objectives.
    • Funding general charitable contributions
      Provides grants to support general charitable purposes without specifying restricted use, indicating a broad philanthropic approach across multiple sectors and organizations.
  • Pediatric Medical Care and Research Support 1 activity
    • Funding CHOP Foundation for general charitable purposes
      Provides financial support to the CHOP Foundation for use in general charitable activities, likely aligned with health or children’s welfare.
  • Hospital and Medical Center Support 1 activity
    • Funding NYU Langone for general charitable purposes
      Provides funding to NYU Langone for general charitable purposes, likely supporting healthcare delivery, medical research, or education.
  • Private K–12 School Support 1 activity
    • Funding St Ann's School for general charitable purposes
      Awards grants to St Ann's School to support its general charitable operations, likely related to education and community services.
financials · form 990PF · fy2024
revenue
Total revenue$17.02M
Contributions & grants
Program service revenue
Investment income$4.89M29%
Other revenue$3.28M
expenses
Total expenses$1.83M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$15.63M
balance sheet
Total assets$395.98M
Cash
Investments
Liabilities
Net assets$302.34M
4 years on record · 2020–2024 · YoY revenue +86.9%
leadership · form 990 part vii · fy2024

Who runs it

board members · 1
  • PERELMAN FAMILY TRUST COMPANY LLC — TRUSTEE
relationships · 8

Who they work with

  • APOLLO THEATER FOUNDATION INC Partner — Recipient of a $600,664 grant in 2020 for general charitable purposes
  • BROWN UNIVERSITY Partner — Recipient of a $500,000 grant in 2023 for general charitable purposes
  • CHOP FOUNDATION Partner — Recipient of a $1,000,000 grant in 2023 for general charitable purposes
  • DREXEL UNIVERSITY Partner — Recipient of a $100,000 grant in 2023 for general charitable purposes
  • NYU - LANGONE Partner — Recipient of a $400,000 grant in 2023 for general charitable purposes
  • PERELMAN PERFORMING ARTS CENTER Partner — Recipient of multiple grants totaling $2,248,239 in 2022 and 2023 for general charitable purposes
  • ST ANN'S SCHOOL Partner — Recipient of a $62,500 grant in 2024 for general charitable purposes
  • THE CHAPMAN FOUNDATION Partner — Recipient of a $345,000 grant in 2020 for general charitable purposes