Goldhammer Family Foundation
- Assets
- $2.0m
- Revenue
- $77.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 03/1987
- Data as of
- 05/2024
- EIN
- 04-6549241
Organization Overview
Goldhammer Family Foundation is located in Palm Beach, FL. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Goldhammer 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 05/2024, Goldhammer Family Foundation generated $77.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $176.0k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Goldhammer Family Foundation has awarded 77 individual grants totaling $991,785. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,110 |
| Capital Gain Net Income | $5,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $16,980 |
| Contributions, gifts, grants paid | $159,000 |
| Total expenses and disbursements | $175,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,317 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,959,641 |
| 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, Goldhammer Family Foundation has awarded $159,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR HOPE AND RECOVERY PURPOSE: GENERAL | $20,000 |
BETHESDA-BY-THE-SEA EPISCOPAL CHURCH PURPOSE: GENERAL | $1,500 |
GROSVENOR CHAPEL PURPOSE: GENERAL | $10,000 |
LOXAHATCHEE CLUB EDUCATIONAL FOUNDATION PURPOSE: GENERAL | $5,000 |
ROYAL OPERA HOUSE PURPOSE: GENERAL | $64,000 |
SAMARITAN'S PURSE PURPOSE: GENERAL | $10,000 |