As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2017, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $5,000,000. This amount represents over 25% of the Foundation's net assets of $15,494,423 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2017. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Education
Application Information
Accepts Unsolicited ProposalsNo — Preselected Only
Phone8008391754
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
Year
Total Giving
Total Assets
Revenue
Grants
2016
$5.0M
$15.5M
$35K
1
2017
$5.0M
$10.5M
$95K
1
2018
N/A
$10.7M
$180K
N/A
2019
N/A
$390K
$132K
N/A
2020
N/A
$384K
$2K
N/A
2022
$470K
$7.3M
$119K
3
2023
$300K
$7.4M
$357K
1
2024
$90K
$7.6M
$381K
2
Grant Size Distribution
Based on 8 grants on record
Minimum
$26K
25th Pctl
$120K
Median
$175K
Average
$1.4M
75th Pctl
$5.0M
Maximum
$5.0M
Geographic Distribution
Key Personnel
Name
Title
Compensation
Mohamed El-Erian
Pres, Dir, Sec
—
Jamie W El-Erian
Pres, Dir, Sec
—
Grants Awarded
(8 total)
Purpose
CAMBRIDGE IN AMERICA
NEW YORK, NY
$5,000,000
General & Unrestricted
2016
CAMBRIDGE IN AMERICA
NEW YORK, NY
$5,000,000
General & Unrestricted
2017
EGYPT CANCER NETWORK 57357 AND AFNCI INC
NEWPORT BEACH, CA
$300,000
General & Unrestricted
2023
CAMBRIDGE IN AMERICA
NEW YORK, NY
$200,000
General & Unrestricted
2022
EGYPT CANCER NETWORK 57357 AND AFNCI INC
NEWPORT BEACH, CA
$150,000
General & Unrestricted
2022
CAMBRIDGE IN AMERICA
NEW YORK, NY
$120,000
Stephen Toope Studentships at the University of Cambridge