PRINCESS GRACE FOUNDATION - USA

EIN: 232218331 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$6,369,556
Total Expenses
$2,297,340
Total Assets
$30,128,746
Net Assets
$28,989,465
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
DIANA KEMPPAINEN
Phone
2123171470
Tax Period
2024-01-01 to 2024-12-31

PRINCESS GRACE FOUNDATION - USA, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 64% operating margin.

Mission

NATIONAL IN SCOPE, THE PRINCESS GRACE FOUNDATION-USA IS DEDICATED TO IDENTIFYING AND ASSISTING EMERGING TALENT IN THEATER, DANCE, AND FILM BY AWARDING GRANTS IN THE FORM OF SCHOLARSHIPS, APPRENTICESHIPS, AND FELLOWSHIPS. THE FOUNDATION'S TRUSTEES SHARE PRINCESS GRACE'S DEDICATION TO SUPPORTING THE ARTS AND THEY BELIEVE, AS SHE DID, THAT CULTIVATION AND TRAINING OF EMERGING TALENT IS ESSENTIAL TO ENSURE SUSTAINED EXCELLENCE IN THE ARTS. EACH YEAR, THE FOUNDATION ANNOUNCES A SELECT GROUP OF PRINCESS GRACE AWARDS FOR DISTINCTION IN THE AREAS OF THEATER, DANCE, AND FILM. STUDENTS ARE ELIGIBLE FOR SCHOLARSHIPS; EMERGING ARTISTS WORKING IN COMPANIES QUALIFY FOR APPRENTICESHIPS AND FELLOWSHIPS. A PLAYWRITING FELLOWSHIP IS AVAILABLE FOR INDIVIDUAL ARTISTS THROUGH A RESIDENCY AT NEW DRAMATISTS IN NEW YORK CITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,482,860
Program Service Revenue $0
Investment Income $405,631
Other Revenue $481,065
TOTAL REVENUE $6,369,556

Expense Breakdown

Grants Paid $664,264
Salaries & Benefits $690,940
Fundraising Expenses $937,210
Program Expenses $1,029,328
Other Expenses $942,136
TOTAL EXPENSES $2,297,340

Year-over-Year Comparison

2024 2023 Change
Revenue $6,369,556 $2,749,009 +1.3%
Expenses $2,297,340 $1,862,949 +0.2%
Net Income $4,072,216 $886,060 +3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
24
Employees
6
Volunteers
24

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$218,635
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE HEARST DIRECTOR 0.50
Director
$0 $0 $0
ANTON KATZ DIRECTOR 2.00
Director
$0 $0 $0
BARBARA LEHMAN DIRECTOR 1.00
Director
$0 $0 $0
BRISA CARLETON DIRECTOR 0.50
Director
$0 $0 $0
CLAUDIA POCCIA DIRECTOR 0.50
Director
$0 $0 $0
D CHRISTOPHER LE VINE DIRECTOR 1.00
Director
$0 $0 $0
GERARD COHEN DIRECTOR 0.50
Director
$0 $0 $0
HON JOHN F LEHMAN CHAIRMAN 3.00
Officer Director
$0 $0 $0
HSH PRINCE ALBERT II OF MONACO VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
JOHN GORE DIRECTOR 0.50
Director
$0 $0 $0
JOHN M CHU DIRECTOR 0.50
Director
$0 $0 $0
JOHN PAULSON DIRECTOR 0.50
Director
$0 $0 $0
JON B TURK MD DIRECTOR 1.00
Director
$0 $0 $0
KINGA LAMPTERT DIRECTOR 0.50
Director
$0 $0 $0
LESLIE ODOM JR DIRECTOR 0.50
Director
$0 $0 $0
NOELLE WOLF DIRECTOR 0.50
Director
$0 $0 $0
RACHEL HOVNANIAN DIRECTOR 0.50
Director
$0 $0 $0
RICHARD KIRSHENBAUM DIRECTOR 1.00
Director
$0 $0 $0
ROBERT O MARX VICE CHAIRMAN 3.00
Officer Director
$0 $0 $0
ROD GANCAS DIRECTOR 0.50
Director
$0 $0 $0
SANDRA VAN ESSCHE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT GREENSTEIN DIRECTOR 0.50
Director
$0 $0 $0
SERENA D LESE DIRECTOR 1.00
Director
$0 $0 $0
WOO JUNG CHO DIRECTOR 0.50
Director
$0 $0 $0
DIANA CARTWRIGHT PRESIDENT 40.00
Officer
$185,000 $13,125 $198,125
KATHERINE EPSTEIN CONTRACTED ACCOUNTING MANAGER 8.00
Officer
$20,510 $0 $20,510
PATRICIA LEONARD CHIEF PHILANTHROPY OFFICER 40.00
Highest
$110,000 $13,125 $123,125
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $6,369,556 $2,297,340 $30,128,746 $4,072,216
2023 $2,749,009 $1,862,949 $24,682,054 $886,060
2023 $2,749,009 $1,862,949 $24,882,054 $886,060
2022 $2,052,994 $1,534,083 $23,842,233 $518,911
2021 $2,151,448 $1,450,813 $25,355,655 $700,635
2020 $1,034,919 $959,924 $22,293,615 $74,995
2018 $2,702,687 $2,731,432 $17,243,635 $-28,745
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