Adelson Family Foundation
- Assets
- $235.0k
- Revenue
- $40.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 04-7024330
Organization Overview
Adelson Family Foundation is located in Needham, MA. The organization was established in 2010. 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. Adelson 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 12/2022, Adelson Family Foundation generated $40.0m 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 (23.5%) each year. All expenses for the organization totaled $45.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (21.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Adelson Family Foundation has awarded 307 individual grants totaling $407,369,276. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Miriam Adelson Trustee | 1 | $0 | |
Michael Bohnen President | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interface Operations Llc | 12/30/22 | $574,365 |
Adelson Medical Research Foundation | 12/30/22 | $56,617 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $39,957,388 |
| Interest on Savings | $15,761 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,973,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,000 |
| Depreciation | $989 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,095 |
| Printing and publications | $0 |
| Other expenses | $621,188 |
| Total operating and administrative expenses | $667,404 |
| Contributions, gifts, grants paid | $44,697,169 |
| Total expenses and disbursements | $45,364,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,722 |
| Savings and temporary cash investments | $0 |
| 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 | $268 |
| Other assets | $0 |
| Total assets | $234,990 |
| 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, Adelson Family Foundation has awarded $113,029,883 in support to 60 organizations.
| Grant Recipient | Amount |
|---|---|
ADELSON CAMPUS FOR JEWISH LIFE PURPOSE: GENERAL CHARITABLE PURPOSES | $58,500 |
AMERICAN SOCIETY OF YAD VASHEM PURPOSE: GENERAL CHARITABLE PURPOSES | $808,000 |
ADELSON EDUCATIONAL INSTITUTE PURPOSE: GENERAL CHARITABLE PURPOSES | $4,370,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $9,000,000 |
ARIEL UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $600,000 |
CENTRAL FUND OF ISRAEL PURPOSE: GENERAL CHARITABLE PURPOSES | $18,000 |