FAO Schwarz Family Foundation

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FAO Schwarz Family Foundation

F.A.O. Schwarz Family Foundation is a non-profit charity organization based in Providence, Rhode Island. Its namesake, Frederick August Otto Schwarz, founded a famous toy store in New York City. The foundation continues to carry out his legacy by sponsoring charities and organizations that seek social change, as well as through its own prestigious 2-year fellowship program. Company financials are publicly available for fiscal years (FY) 2012-2016.

Please note that a list of ten charities and organizations supported by F.A.O. Schwarz Family Foundation is included within the scope of this request. However, research indicates that there is additional donor information available.

OVERVIEW

  • The F.A.O. Schwarz Family Foundation has existed as a tax-exempt non-profit organization since 1992.
  • The foundation is named for Frederick August Otto Schwarz.
  • The F.A.O. Schwarz Fellowship is a 2-year program available for new college graduates that want to create social change in their communities.
  • F.A.O. Schwarz Family Foundation reported an average of $528,084 in revenue between FY 2012 and FY 2016. Charitable donations during that same period amounted to an average total of $454,605.

BACKGROUND AND HISTORY

LOCATIONS

F.A.O. SCHWARZ FELLOWSHIP

  • The F.A.O. Schwarz Fellowship is "an intensive, transformative two-year experience" available to new college graduates that want to learn how to put their skills to use in working towards a better society.
  • Fellows accepted into the program are assigned to work at various charitable organizations in Boston, Philadelphia, and New York. They are compensated roughly $77,000 total over the course of the fellowship.
  • The foundation's Board of Trustees, who are currently descendants of Schwarz himself, assign the grants associated with the F.A.O. Schwarz Fellowship.
  • Claudia von Nostitz serves as the fellowship's manager.

CONTACT INFORMATION

  • The following address is publicly listed for the F.A.O. Schwarz Family Foundation: P.O. Box 1802, Providence, RI, 02901-1802.
  • 1 (888) 866-3275 is the foundation's telephone number.
  • Another public mailing address is located in New York: c/o US Trust Company of New York, 114 West 47th Street, New York, NY 10036.

PAST AND PRESENT SUPPORT

  • F.A.O. Schwarz Family Foundation strives to carry on the legacy of its founder by "supporting nonprofit organizations committed to social impact, especially in the areas of education, the environment and the arts."
  • The foundation was a 2017-2018 supporter of Jump Start: Children First and donated $10,000-$24,999.
  • In 2017, it donated between $5,000 and $24,999 to Riverkeeper, a "watch-dog organization dedicated to defending the ecological integrity of the Hudson River."
  • It donated between $1,000 and $2,499 to Philabundance in 2017.
  • The foundation supported Mural Arts Philadelphia in 2017 through the contribution of event volunteers.
  • Between 2016 and 2018, F.A.O. Schwarz Foundation supported Education Through Music's Children's Benefit Gala.
  • The foundation donated to the Ronald McDonald House in 2016.
  • It sponsored Strong Women, Strong Girls between 2014 and 2015 by leading a mentor-mentoree team in Boston, Massachusetts.
  • F.A.O. Schwarz Family Foundation donated over $25,000 to the Food Project in 2014. It also sponsored the program by providing a team of volunteers to "plant, weed, harvest, and prepare food for distribution."
  • It donated over $25,000 to the Please Touch Museum in Philadelphia, a hands-on museum for children, between October 2012 and September 2013.
  • According to Activist Facts, F.A.O. Schwarz Family Foundation donated $525,000 to the National Resources Defense Council in 2002.

2016 FINANCIALS

  • The foundation reported $350,883 in total revenue for FY 2016 from sources that included dividends, asset sales, and other income.
  • It reported a total of $2,501,703 in assets.
  • Charitable donations made up 89.8% of its total expenses at $430,078.
  • Remaining expenses included officer compensation totaling $79,360.

2015 FINANCIALS

  • The foundation reported $635,377 in total revenue for FY 2015 from sources that included dividends, asset sales, and other income.
  • It reported a total of $2,629,161 in assets.
  • Charitable donations made up 87.2% of its total expenses at $479,712.
  • Remaining expenses included officer compensation totaling $77,186.
  • 2014 FINANCIALS

    • The foundation reported $661,517 in total revenue for FY 2014 from sources that included dividends, asset sales, and other income.
    • It reported a total of $2,544,562 in assets.
    • Charitable donations made up 90.1% of its total expenses at $405,998.
    • Remaining expenses included officer compensation totaling $71,617.

    2013 FINANCIALS

    • The foundation reported $278,569 in total revenue for FY 2013 from sources that included dividends, asset sales, and other income.
    • It reported a total of $2,333,242 in assets.
    • Charitable donations made up 96.6% of its total expenses at $488,877.
    • Remaining expenses included officer compensation totaling $66,792.

    2012 FINANCIALS

    • The foundation reported $714,075 in total revenue for FY 2012 from sources that included dividends, asset sales, and other income.
    • It reported a total of $2,560,676 in assets.
    • Charitable donations made up 98% of its total expenses at $468,362.
    • The foundation did not report any officer compensation expenses for FY 2012.
    Sources
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    Quotes
    • "The Foundation continues his lifelong mission of bringing love and joy into children’s lives by supporting nonprofit organizations committed to social impact, especially in the areas of education, the environment and the arts."
    • "Mr. Schwarz’s descendants serve on the Board of Trustees as volunteers and stewards of his legacy. The Foundation’s grantmaking focuses on our signature FAO Schwarz Fellowship, a unique two-year program that trains recent college graduates to be tomorrow’s leaders."