Swartz Foundation
- Assets
- $195.4m
- Revenue
- $17.5m
- Investments
- $181.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/1995
- Data as of
- 12/2022
- EIN
- 04-3255974
Organization Overview
Swartz Foundation is located in Boston, MA. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Swartz Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Swartz Foundation generated $17.5m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Swartz Foundation has awarded 74 individual grants totaling $13,271,177. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sidney W Swartz Trustee | 1 | $0 | |
Jeffrey Swartz Trustee | 1 | $0 | |
Judith Swartz Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Battery Global Advisors | 12/30/22 | $228,149 |
Ropes & Gray Llp | 12/30/22 | $205,920 |
Fiduciary Wealth Advisors | 12/30/22 | $148,420 |
Community Capital Management Inc | 12/30/22 | $71,997 |
Daigle & Associates Llp | 12/30/22 | $57,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,739,739 |
| Interest on Savings | $184,190 |
| Dividends & Interest | $3,555,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,029,755 |
| Capital Gain Net Income | $9,926,327 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,509,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $374,545 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $567 |
| Total operating and administrative expenses | $1,117,611 |
| Contributions, gifts, grants paid | $734,507 |
| Total expenses and disbursements | $1,852,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,353,962 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $71,358,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $195,438,630 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Swartz Foundation has awarded $734,507 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
DANA FARBER CANCER INSTITUTE INC PURPOSE: GENERAL SUPPORT | $1,000 |
HILLEL THE FOUNDATION FOR JEWISH CAMPUS LIFE PURPOSE: PEACE & DIALOGUE LEADERSHIP INITIATIVE | $25,000 |
KESHET DONOR ADVISED FUND PURPOSE: SUPPORT OF CHARITABLE PROGRAMS IN ISRAELSUPPORT OF CHARITABLE PROGRAMS IN ISRAEL | $250,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER INC PURPOSE: GENERAL SUPPORT | $50,000 |
BOCA RATON REGIONAL HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
CHABAD LUBAVITCH OF THE NORTH SHORE PURPOSE: JEWISH LEARNING INSTITUTE OF THE NORTH SHORE | $5,000 |