Non-profit

Falconwood Foundation

Location:

NEW YORK, NY

Tax ID:

13-3456475

Tax-Exempt Status:

501(c)(3)

Budget (2015):

Revenue: $4,715,335
Expenses: $4,711,658
Assets: $10,204

Formation:

1988

The Falconwood Foundation is a private grantmaking foundation led and funded primarily by investor Henry G. Jarecki. [1] The Foundation provides grants to numerous left-of-center organizations and causes ranging from education to medical research.

Grantmaking Activity

The Foundation gave most of its grants in 2017 to organizations focusing on arts and education, criminal justice reform, environmentalism, and medicine.

Several left-of-center criminal justice organizations were among the largest recipients of Falconwood Foundation grants in 2017. The Falconwood Foundation gave its largest grant in 2017 to the American Civil Liberties Union (ACLU) Foundation in the amount of $556,000. [2] That same year, the Foundation gave $65,000 to the Southern Environmental Law Center, as well as $49,000 to the controversial, left-wing Southern Poverty Law Center. [3]

The Falconwood Foundation offered its second largest grant of 2017 to the Brightwater Fund, an organization combating water-borne illness, in the amount of $500,000. [4] In 2017, the Foundation offered many grants to medical research projects, as well as environmentalist organizations. These include a contribution to Greenpeace, a left-wing environmentalist group known globally for its radicalism. [5]

Falconwood made an $83,500 grant to the Planned Parenthood Federation of America. [6]

The Foundation gave 40.5 percent of all grants in 2017 to universities, research centers, or educational projects. [7] The top three educational grant recipients in 2017 were Columbia University ($414,040), the Institute of International Education ($335,000), and the Heidelberg University Association ($330,000). [8]

The Foundation gave its sixth largest grant in 2017 to the controversial Robin Hood Foundation in the amount of $265,000. [9]

Leadership and Funding

The Falconwood Foundation is funded primarily by Henry Jarecki and the Timber Falls Trust. In 2017, 92 percent of all contributions to the Foundation were made by Jarecki and the Timber Falls Trust. The trust may be linked to Dr. Jarecki as well, given that he once ran a family foundation called the Timber Falls Foundation. [10] Jarecki is a prominent investor and psychiatrist who made his fortune dealing in silver and gold. [11][12]

References

  1. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Schedule B, Part One. ^
  2. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen,Line 3(a). ^
  3. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen, Line 3(a). ^
  4. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen,Line 3(a). ^
  5. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen, Line 3(a). ^
  6. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen,Line 3(a). ^
  7. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen, Section 3a. ^
  8. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen, Line 3(a) ^
  9. Falconwood Foundation Inc, Return of Organization Exempt from Income Tax (Form 990), 2017, Part Fifteen, Line 3(a). ^
  10. Netburn, Deborah. “After Pining for It, Investor Jarecki Gets 19 Gramercy Park.” Observer. December 25, 2000.

    Accessed July 24, 2019. https://observer.com/2000/12/after-pining-for-it-investor-jarecki-gets-19-gramercy-park/. ^

  11. “Henry G. Jarecki.” Scholar Rescue Fund. 2019. Accessed July 24, 2019. http://www.scholarrescuefund.org/henry-g-jarecki. ^
  12. Liberman, Si. “Ex-New Haven Psychiatrist Dr. Henry Jarecki Made a Killing in the Market.” New Haven Register. July 25, 2017. Accessed July 24, 2019. https://www.nhregister.com/colleges/article/Ex-New-Haven-psychiatrist-Dr-Henry-Jarecki-made-11366403.php. ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: April 1, 1988

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2015 Dec Form PF $4,715,335 $4,711,658 $10,204 $54,966 $0 $0 $0 $0 PDF
    2014 Dec Form PF $3,870,558 $3,921,258 $-6,435 $42,004 $0 $0 $0 $0 PDF
    2013 Dec Form PF $3,995,300 $4,031,465 $6,167 $0 $0 $0 $0 $0 PDF
    2012 Dec Form PF $3,372,300 $3,341,480 $32,325 $0 $0 $0 $0 $0 PDF
    2011 Dec Form PF $2,629,402 $2,660,344 $1,510 $0 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Falconwood Foundation

    20 GRAMERCY PARK S
    NEW YORK, NY 10003-1747