Ruderman Family Foundation
- Assets
- $161.6m
- Revenue
- $9.1m
- Investments
- $152.8m
- Employees
- 0
- Location
- Newton, MA
- Founding
- 02/1997
- Data as of
- 12/2021
- EIN
- 04-3334973
Organization Overview
Ruderman Family Foundation is located in Newton, 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 12/2021, Ruderman Family Foundation generated $9.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ruderman Family Foundation has awarded 505 individual grants totaling $43,150,203. 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 | $329,205 | |
Shira Ruderman Executive Director | 40 | $225,000 | |
Sharon Ellen Shapiro Community Liaison & Trustee | 30 | $126,405 | |
Hanna Shaul Bar Nissim Deputy Director | 40 | $117,502 | |
Molly Silver Program Officer | 40 | $66,944 | |
Caitlyn Folino Program Associate | 40 | $56,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/21 | $359,634 |
Kahn Litwin Renza & Co Ltd | 12/30/21 | $127,700 |
Corduroy Llc | 12/30/21 | $81,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $141 |
| Dividends & Interest | $6,924,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,186,989 |
| Capital Gain Net Income | $2,186,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $258 |
| Total Revenue | $9,111,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $680,610 |
| Other employee salaries and wages | $419,625 |
| Pension plans, employee benefits | $214,385 |
| Interest | $0 |
| Taxes | $145,013 |
| Depreciation | $0 |
| Occupancy | $47,343 |
| Travel, conferences, and meetings | $36,570 |
| Printing and publications | $0 |
| Other expenses | $721,056 |
| Total operating and administrative expenses | $2,760,240 |
| Contributions, gifts, grants paid | $4,721,310 |
| Total expenses and disbursements | $7,481,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,796,806 |
| 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 | $470,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $161,614,404 |
| 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 | $14,615 |
| Total liabilities | $14,615 |
Grants Awarded
Over the last fiscal year, Ruderman Family Foundation has awarded $4,721,310 in support to 50 organizations.
| Grant Recipient | Amount |
|---|---|
RUDERMAN FAMILY FOUNDATION ISRAEL (AMUTAH) PURPOSE: GENERAL PURPOSE | $1,400,100 |
MA GENERAL HOSPITALLURIE CENTER PURPOSE: GENERAL PURPOSE | $1,000,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $500,000 |
Beverly Hills, CA PURPOSE: GENERAL PURPOSE | $400,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $253,000 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: GENERAL PURPOSE | $155,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ruderman Family Foundation Newton, MA | $161,614,404 | $9,111,768 |
The Rona Jaffe Foundation Dix Hills, NY | $31,757,116 | $2,944,285 |
Mary Field And Vincent Dep Goubeau Charitable Tr 1996 Boston, MA | $0 | $23 |
Lostand Foundation Inc Cold Spring, NY | $0 | $2,083,089 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA | $16,132,654 | $1,229,352 |
Enterprise Foundation Tr New York, NY | $11,495,685 | $0 |
Murray Family Charitable Foundation Warren, RI | $31,961,943 | $3,940,832 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |
Virginia Cretella Mars Foundation New York, NY | $17,242,277 | $1,956,099 |