Nonprofit · EIN 23-2218331
PRINCESS GRACE FOUNDATION
Tax-exempt · NEW YORK, NY 10017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,369,556 | $2,297,340 | $4,072,216 | $30,128,746 | $1,139,281 | $28,989,465 |
| December 31, 2023 | 990 (amended) | $2,749,009 | $1,862,949 | $886,060 | $24,882,054 | $1,048,645 | $23,833,409 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,482,860
- Program service revenue
- $0
- Investment income
- $405,631
- Royalties
- $624,833
- Net gain from sales of assets
- $219,798
- Net income from fundraising events
- -$155,620
- Other revenue
- $481,065
Expenses
- Grants and similar amounts paid
- $664,264
- Compensation of officers, directors and key employees
- $218,658
- Other salaries and wages
- $333,185
- Salaries, compensation and benefits (total)
- $690,940
- Professional fundraising fees
- $0
- Legal fees
- $14,267
- Occupancy
- $122,971
- Travel
- $76,567
- Depreciation
- $2,199
- Program services (functional)
- $1,029,328
- Management and general (functional)
- $330,802
- Fundraising (functional)
- $937,210
Balance sheet and other
- Total assets, start of year
- $24,882,054
- Total assets, end of year
- $30,128,746
- Total liabilities, end of year
- $1,139,281
- Net assets, end of year
- $28,989,465
- Land, buildings and equipment
- $5,895
- Publicly traded securities
- $8,346,114
- Net assets without donor restrictions
- $27,006,793
- Net assets with donor restrictions
- $1,982,672
- Gross unrelated business income
- $7,569
- Gross receipts
- $7,071,825
- Employees
- 6
- Volunteers
- 24
- Year formed
- 1982
- State of legal domicile
- NY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANA CARTWRIGHT | PRESIDENT Officer | 40 | $185,000 | $13,125 |
| PATRICIA LEONARD | CHIEF PHILANTHROPY OFFICER Highest-paid employee | 40 | $110,000 | $13,125 |
| KATHERINE EPSTEIN | CONTRACTED ACCOUNTING MANAGER Officer | 8 | $20,510 | $0 |
| ANNE HEARST | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ANTON KATZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BARBARA LEHMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRISA CARLETON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CLAUDIA POCCIA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| D CHRISTOPHER LE VINE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GERARD COHEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HON JOHN F LEHMAN | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| HSH PRINCE ALBERT II OF MONACO | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN GORE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN M CHU | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN PAULSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON B TURK MD | DIRECTOR Trustee or director | 1 | $0 |
| KINGA LAMPTERT | DIRECTOR Trustee or director | 0.5 | $0 |
| LESLIE ODOM JR | DIRECTOR Trustee or director | 0.5 | $0 |
| NOELLE WOLF | DIRECTOR Trustee or director | 0.5 | $0 |
| RACHEL HOVNANIAN | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD KIRSHENBAUM | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT O MARX | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 |
| ROD GANCAS | DIRECTOR Trustee or director | 0.5 | $0 |
| SANDRA VAN ESSCHE | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT GREENSTEIN | DIRECTOR Trustee or director | 0.5 | $0 |
| SERENA D LESE | DIRECTOR Trustee or director | 1 | $0 |
| WOO JUNG CHO | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRISA CHARLETON | CEO Officer | 15 | $200,000 |
| KATHERINE EPSTEIN | CONTRACTED ACCOUNTING MANAGER Officer | 40 | $16,800 |
| ANNE HEARST MCINERNEY | DIRECTOR (OUTGOING) Trustee or director | 0.5 | $0 |
| ANTON KATZ | DIRECTOR Trustee or director | 2 | $0 |
| BARBARA LEHMAN | DIRECTOR Trustee or director | 1 | $0 |
| D CHRISTOPHER LE VINE | DIRECTOR Trustee or director | 1 | $0 |
| GERARD COHEN | DIRECTOR Trustee or director | 0.5 | $0 |
| HON JOHN F LEHMAN | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| HRH THE PRINCESS OF HANOVER | DIRECTOR Trustee or director | 0.5 | $0 |
| HSH PRINCE ALBERT II OF MONACO | VICE CHAIRMAN Trustee or director, Officer | 0.5 | $0 |
| HSH PRINCESS CHARLENE OF MONACO | DIRECTOR Trustee or director | 0.5 | $0 |
| HSH PRINCESS STEPHANIE OF MONACL | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN GORE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN M CHU | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN PAULSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JON B TURK MD | DIRECTOR Trustee or director | 1 | $0 |
| LESLIE ODOM JR | DIRECTOR Trustee or director | 0.5 | $0 |
| MELIA BENSUSSEN | DIRECTOR (OUTGOING) Trustee or director | 0.5 | $0 |
| MICHAEL WJ SMURFIT | DIRECTOR (OUTGOING) Trustee or director | 0.5 | $0 |
| NOELLE WOLF | DIRECTOR Trustee or director | 0.5 | $0 |
| NORMAN E DONOGHUE | DIRECTOR (OUTGOING) Trustee or director | 1 | $0 |
| RACHEL HOVNANIAN | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD KIRSHENBAUM | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT O MARX | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 |
| ROD GANCAS | DIRECTOR Trustee or director | 0.5 | $0 |
| SANDRA VAN ESSCHE | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT GREENSTEIN | DIRECTOR Trustee or director | 0.5 | $0 |
| SERENA D LESE | DIRECTOR Trustee or director | 1 | $0 |
| WOO JUNG CHO | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 565 FIFTH AVE 23RD FLOOR, NEW YORK, NY 10017-2466
- In care of
- % AMY B DESMOND
- Principal officer (990 for 2024)
- DIANA KEMPPAINEN, 565 FIFTH AVE 23RD FLOOR, NEW YORK, NY 10017
- Signed the 990
- DIANA KEMPPAINEN, PRESIDENT
- Phone
- (212) 317-1470
- Website
- WWW.PGFUSA.ORG
- Return prepared by
- CBIZ ADVISORS LLC
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 PRINCESS GRACE 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.
Program accomplishments
- THE PRINCESS GRACE AWARDS SUPPORT EXTRAORDINARY EMERGING ARTISTS IN THEATER, DANCE, AND FILM THROUGH UNRESTRICTED GRANTS. THE PROGRAM HONORS CREATIVE GENERATORS (THEATER DIRECTORS, DESIGNERS, CHOREOGRAPHERS, AND FILM DIRECTORS) AND PERFORMANCE-BASED ARTISTS (INCLUDING BUT NOT LIMITED TO ACTORS AND DANCERS), WITH A PLAYWRITING FELLOWSHIP OFFERED IN PARTNERSHIP WITH NEW DRAMATISTS. THE APPLICATION IS NOMINATION-BASED, WITH NOMINATIONS COMING FROM SCHOOLS, NONPROFIT THEATER AND DANCE COMPANIES, NONPROFIT MEDIA ARTS CENTERS, AND PREVIOUS PRINCESS GRACE AWARD WINNERS. PRINCESS GRACE AWARD WINNERS (EXCLUDING PLAYWRITING FELLOWS) ARE CHOSEN THROUGH A RIGOROUS TWO-STAGE ADJUDICATION PROCESS LED BY EXPERT PRACTITIONERS ACROSS DISCIPLINES, CULMINATING IN IN-PERSON DELIBERATIONS WHERE DECISIONS ARE REACHED BY CONSENSUS. SUCCESSFUL NOMINATORS RECEIVE A MODEST GRANT IN RECOGNITION OF THEIR SUCCESSFUL NOMINATION. APPLICANTS TO THE PRINCESS GRACE AWARDS MUST BE LIVING AND WORKING IN THE UNITED STATES AT THE TIME OF NOMINATION.BEYOND THE INITIAL AWARD, THE FOUNDATION REMAINS COMMITTED TO ITS ARTISTS BY OFFERING ADVANCEMENT GRANTS WHICH INCLUDE OPPORTUNITIES FOR PROJECT SPECIFIC SUPPORT (SPECIAL PROJECT GRANTS), PROFESSIONAL DEVELOPMENT (PROFESSIONAL DEVELOPMENT GRANTS) AND INTENSIVE COACHING IN PARTNERSHIP WITH MAP FUND'S SPA PROGRAM (PRINCESS GRACE ARTIST FELLOWSHIP).Expenses $1,029,328 · grants $664,264 · revenue $11,852
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-2218331
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90Z)
- Assets (IRS master file)
- $30,128,746
- Income (IRS master file)
- $7,071,825
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,369,556 | $2,297,340 | $30,128,746 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $2,749,009 | $1,862,949 | $24,882,054 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $2,052,994 | $1,534,083 | $23,842,233 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 23-2218331).
Questions about PRINCESS GRACE FOUNDATION
- What is the EIN of PRINCESS GRACE FOUNDATION?
- The employer identification number (EIN) of PRINCESS GRACE FOUNDATION is 23-2218331.
- Is PRINCESS GRACE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to PRINCESS GRACE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRINCESS GRACE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRINCESS GRACE FOUNDATION 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 PRINCESS GRACE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRINCESS GRACE FOUNDATION?
- The 990 for the year ended December 31, 2024 names DIANA KEMPPAINEN.
- Who are the officers and directors of PRINCESS GRACE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 27 people; 3 received compensation from the organization, the highest $185,000 (DIANA CARTWRIGHT, PRESIDENT).
- How much revenue does PRINCESS GRACE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,369,556, expenses of $2,297,340 and total assets of $30,128,746 at year end.
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