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Nonprofit · EIN 13-6085929

WILLIAM S PALEY FOUNDATION INC

Tax-exempt · JEFFERSON VLY, NY 10535

Financials

$34.6M$27.6M2023$11.4M$9M2024
Revenue Expenses · by fiscal year end
Financials of WILLIAM S PALEY FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$11,383,423$9,008,090$2,375,333$177,660,247$96,777,047$80,883,200
December 31, 2023990-PF$34,645,020$27,592,886$7,052,134$165,236,989$89,536,213$75,700,776
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$2,482,776
Interest
$133,323
Net rental income
$92,467
Net gain from sales of assets
$3,796,810
Other income
$4,096,444

Expenses

Grants and similar amounts paid
$5,660,261
Compensation of officers, directors and key employees
$188,726
Disbursements for charitable purposes
$8,561,027
Excise tax on investment income
$122,094

Balance sheet and other

Total assets, start of year
$165,236,989
Total assets, end of year
$177,660,247
Total liabilities, end of year
$96,777,047
Net assets, end of year
$80,883,200
Fair market value of assets
$178,754,577
Qualifying distributions
$8,561,027
Net investment income
$11,375,391

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
PATRICK S GALLAGHER
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Executive Dir.16$188,726
HENRY A KISSINGER THRU 1123
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
CHAIRMAN/DIR1$0
WILLIAM C PALEY
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Vice President1$0
DANIEL L MOSLEY
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
TREAS&SEC/DIR1$0
FAIZA J SAEED
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Director1$0
JACQUELINE SCALISI
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Director1$0
990-PF for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
PATRICK S GALLAGHER
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Executive Dir.16$190,246
HENRY A KISSINGER THRU 1123
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
CHAIRMAN/DIR1$0
WILLIAM C PALEY
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Vice President1$0
DANIEL L MOSLEY
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
TREAS&SEC/DIR1$0
FAIZA J SAEED
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Director1$0
JACQUELINE SCALISI
3630 HILL BLVD STE 202, JEFFERSON VALLEY, NY 105351513
Director1$0

Address and contacts

Address (IRS master file)
3630 HILL BLVD STE 202, JEFFERSON VLY, NY 10535-1513
In care of
% BENCIVENGA WARD AND CO CPAS PC
Signed the 990-PF
PATRICK S GALLAGHER, Executive Director
Phone
(914) 769-5005
Return prepared by
ODonoghue & Lamb CPAs PLLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
13-6085929
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1951
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$177,660,247
Income (IRS master file)
$18,255,762

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$34,645,020$27,592,886$165,236,989IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about WILLIAM S PALEY FOUNDATION INC

What is the EIN of WILLIAM S PALEY FOUNDATION INC?
The employer identification number (EIN) of WILLIAM S PALEY FOUNDATION INC is 13-6085929.
Is WILLIAM S PALEY FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
Are donations to WILLIAM S PALEY FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does WILLIAM S PALEY FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of WILLIAM S PALEY FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WILLIAM S PALEY FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of WILLIAM S PALEY FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $188,726 (PATRICK S GALLAGHER, Executive Dir.).
How much revenue does WILLIAM S PALEY FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $11,383,423, expenses of $9,008,090 and total assets of $177,660,247 at year end.

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