Paul And Joanne Egerman Family Charitable Foundation
- Assets
- $21.3m
- Revenue
- $599.4k
- Investments
- $20.7m
- Employees
- 0
- Location
- Weston, MA
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 04-6835621
Organization Overview
Paul And Joanne Egerman Family Charitable Foundation is located in Weston, MA. The organization was established in 1997. 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. Paul And Joanne Egerman Family Charitable 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, Paul And Joanne Egerman Family Charitable Foundation generated $599.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Paul And Joanne Egerman Family Charitable Foundation has awarded 46 individual grants totaling $3,483,200. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Egerman Trustee | 1 | $0 | |
Joanne Egerman Trustee | 1 | $0 | |
Benjamin Chigier Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $468,273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $131,106 |
| Capital Gain Net Income | $131,106 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $599,379 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $78,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,343 |
| Total operating and administrative expenses | $109,835 |
| Contributions, gifts, grants paid | $1,012,200 |
| Total expenses and disbursements | $1,122,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $609,019 |
| 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 | $13,109,889 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,261,303 |
| 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, Paul And Joanne Egerman Family Charitable Foundation has awarded $1,012,200 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI DEFAMATION LEAGUE PURPOSE: UNRESTRICTED CHARITABLE GIFT | $200,000 |
BOSTON MEDICAL CENTER PURPOSE: UNRESTRICTED CHARITABLE GIFT | $75,000 |
BROOKLYN HEIGHTS SYNAGOGUE PURPOSE: UNRESTRICTED CHARITABLE GIFT | $7,200 |
HOPEWELL FUND PURPOSE: UNRESTRICTED CHARITABLE GIFT | $25,000 |
J STREET EDUCATIONAL FUND PURPOSE: UNRESTRICTED CHARITABLE GIFT | $55,000 |
JEWISH CURRENTS PURPOSE: UNRESTRICTED CHARITABLE GIFT | $50,000 |