Grossman Fam Charitable Foundation Tr
- Assets
- $11.5m
- Revenue
- $1.2m
- Investments
- $11.0m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 04-6758553
Organization Overview
Grossman Fam Charitable Foundation Tr is located in Boston, MA. The organization was established in 1995. 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. Grossman Fam Charitable Foundation Tr 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, Grossman Fam Charitable Foundation Tr generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $502.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Grossman Fam Charitable Foundation Tr has awarded 106 individual grants totaling $2,166,498. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $867,507 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $267,948 |
| Capital Gain Net Income | $530,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,570 |
| Total Revenue | $1,237,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $4,581 |
| Taxes | $3,718 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,313 |
| Total operating and administrative expenses | $57,024 |
| Contributions, gifts, grants paid | $445,782 |
| Total expenses and disbursements | $502,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $444,809 |
| 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 | $4,760,444 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,451,875 |
| 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, Grossman Fam Charitable Foundation Tr has awarded $398,850 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S CHORUS PURPOSE: OPERATIONS BUDGET ASSISTANCE | $7,500 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: OPERATIONS BUDGET ASSISTANCE | $30,000 |
CASTLE PRESERVATION SOCIETY PURPOSE: OPERATIONS BUDGET ASSISTANCE | $1,000 |
CONSERVATION LAW FOUNDATION PURPOSE: OPERATIONS BUDGET ASSISTANCE | $750 |
DATAKIND INC PURPOSE: OPERATIONS BUDGET ASSISTANCE | $18,000 |
IVY BALDWIN DANCE INC PURPOSE: OPERATIONS BUDGET ASSISTANCE | $600 |