Ruderman Family Foundation
- Assets
- $168.6m
- Revenue
- $20.9m
- Investments
- $165.8m
- Employees
- 0
- Location
- Newton Center, MA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 04-3334973
Organization Overview
Ruderman Family Foundation is located in Newton Center, MA. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ruderman Family 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, Ruderman Family Foundation generated $20.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $13.8m during the year ending 12/2022. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ruderman Family Foundation has awarded 559 individual grants totaling $53,744,394. 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 |
|---|---|---|---|
Jay Seth Ruderman President & Trustee | 50 | $329,538 | |
Sharon Ellen Shapiro Community Liaison & Trustee | 30 | $126,838 | |
Todd Adam Ruderman Trustee | 1 | $0 | |
Marcia Ruderman Trustee | 1 | $0 | |
Lawrence Jacobs Trustee | 1 | $0 | |
Shira Ruderman Executive Director | 40 | $225,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kahn Litwin Renza & Co Ltd | 12/30/22 | $149,700 |
The Northern Trust Company | 12/30/22 | $138,195 |
Merrill Lynch Pierce Fenner & Smith Inc | 12/30/22 | $104,531 |
J Cubed Public Relations Llc | 12/30/22 | $78,000 |
Beacon Hill Staffing Group Llc | 12/30/22 | $73,745 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $14,666 |
| Dividends & Interest | $6,726,227 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,167,688 |
| Capital Gain Net Income | $14,167,688 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $164 |
| Total Revenue | $20,908,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $681,376 |
| Other employee salaries and wages | $538,766 |
| Pension plans, employee benefits | $287,008 |
| Interest | $0 |
| Taxes | $302,163 |
| Depreciation | $0 |
| Occupancy | $47,343 |
| Travel, conferences, and meetings | $18,257 |
| Printing and publications | $0 |
| Other expenses | $928,338 |
| Total operating and administrative expenses | $3,210,036 |
| Contributions, gifts, grants paid | $10,594,191 |
| Total expenses and disbursements | $13,804,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,852,219 |
| 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 | $42,413,681 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $168,637,781 |
| 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 | $19,415 |
| Total liabilities | $19,415 |
Grants Awarded
Over the last fiscal year, Ruderman Family Foundation has awarded $10,594,191 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOUNDATION PURPOSE: GENERAL PURPOSE | $400,000 |
ALZHEIMER'S DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: GENERAL PURPOSE | $1,052 |
AMERICAN FRIENDS OF NATAL PURPOSE: GENERAL PURPOSE | $50,000 |
AMERICAN FRIENDS OF SHAMIR MEDICAL CENTER (ASSAF HAROFEH) PURPOSE: GENERAL PURPOSE | $1,000,000 |
AMERICAN FRIENDS OF TEL AVIV UNIVERSITY PURPOSE: GENERAL PURPOSE | $50,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMM PURPOSE: GENERAL PURPOSE | $1,050,000 |