Is Scully Peretsman Foundation Legit?

The Scully Peretsman Foundation demonstrates strong financial health, particularly in its asset growth and consistent program spending. With assets of $42,059,192 and recent revenue of $20,816,560, the organization maintains a substantial financial base. The foundation's spending efficiency is notable, with expenses in the latest filing (202312) at $3,029,008 against revenue of $19,705,184, indicating a significant portion of revenue is retained or directed towards future programming rather than immediate operational costs. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency and a commitment to directing funds towards its mission rather than executive salaries. The foundation's liabilities have consistently been reported as minimal ($1 or $0), further indicating sound financial management and low financial risk. The NTEE code T20Z, indicating a private grantmaking foundation, aligns with its operational model of distributing funds.