Paul And Joanne Egerman Family Charitable Foundation
- Assets
- $21.9m
- Revenue
- $2.7m
- Investments
- $20.5m
- Employees
- 0
- Location
- Weston, MA
- Founding
- 08/1997
- Data as of
- 12/2021
- 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 12/2021, Paul And Joanne Egerman Family Charitable Foundation generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. 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 33 individual grants totaling $2,471,000. 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
2021
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 | |
Benjamin Chigier Trustee | 1 | $0 | |
Joanne Egerman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $443,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,292,908 |
| Capital Gain Net Income | $2,292,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,736,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $29,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,830 |
| Total operating and administrative expenses | $56,590 |
| Contributions, gifts, grants paid | $1,316,000 |
| Total expenses and disbursements | $1,372,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,387,061 |
| 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 | $11,443,311 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,888,149 |
| 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 $1,316,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
NEW ISRAEL FUND PURPOSE: UNRESTRICTED CHARITABLE GIFT | $220,000 |
YAMPOL - EGERMAN SCHOLARSHIP FUND PURPOSE: UNRESTRICTED CHARITABLE GIFT | $210,000 |
ANTI DEFAMATION LEAGUE PURPOSE: UNRESTRICTED CHARITABLE GIFT | $200,000 |
DEMOS PURPOSE: UNRESTRICTED CHARITABLE GIFT | $100,000 |
Washington, DC PURPOSE: UNRESTRICTED CHARITABLE GIFT | $100,000 |
PLANNED PARENTHOOD LEAGUE OF MASSACHUSETTS PURPOSE: UNRESTRICTED CHARITABLE GIFT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |