Adelson Family Foundation
- Assets
- $5.6m
- Revenue
- $49.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Needham, MA
- Founding
- 02/2010
- Data as of
- 12/2021
- 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 12/2021, Adelson Family Foundation generated $49.8m 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 (24.7%) each year. All expenses for the organization totaled $79.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Adelson Family Foundation has awarded 247 individual grants totaling $294,339,393. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheldon G Adelson Dec 11121 Trustee | 1 | $0 | |
Dr Miriam Adelson Trustee | 1 | $0 | |
Michael Bohnen President | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adelson Medical Research Foundation | 12/30/21 | $52,757 |
Interface Operations Llc | 12/30/21 | $482,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $49,822,227 |
| Interest on Savings | $0 |
| 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 | $49,822,227 |
| 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 | $1,331 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,363 |
| Printing and publications | $0 |
| Other expenses | $590,572 |
| Total operating and administrative expenses | $656,860 |
| Contributions, gifts, grants paid | $78,938,686 |
| Total expenses and disbursements | $79,595,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,375,157 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $250,000 |
| 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 | $1,257 |
| Other assets | $0 |
| Total assets | $5,626,414 |
| 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 $78,938,686 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ARIEL UNIVERSITY PURPOSE: GENERAL CHARITABLE PURPOSES | $14,400,000 |
ISRAELI AMERICAN COUNCIL PURPOSE: GENERAL CHARITABLE PURPOSES | $10,000,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $9,000,000 |
FRIENDS OF TEL AVIV SOURASKY MEDICAL CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $6,000,000 |
MACCABEE TASK FORCE FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $5,825,559 |
New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $5,250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adelson Family Foundation has recieved totaling $44,219,489.
| Awarding Organization | Amount |
|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV PURPOSE: GENERAL CHARITABLE PURPOSES | $44,219,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rockefeller Foundation New York, NY | $7,467,445,865 | $704,223,491 |
Simons Foundation Inc New York, NY | $4,513,699,772 | $129,477,470 |
Bloomberg Family Foundation Inc New York, NY | $0 | $1,259,941,914 |
Faculty Practice Foundation Inc Boston, MA | $96,526,141 | $409,797,243 |
Leona M & Harry B Helmsley Charitable Trust New York, NY | $8,313,587,896 | $723,181,306 |
Jp Morgan Chase Foundation New York, NY | $675,856,149 | $488,434,024 |
Doris Duke Charitable Foundation Inc New York, NY | $2,668,517,046 | $296,413,800 |
Zoom Foundation Greenwich, CT | $956,305,373 | $176,914,821 |
Fidelity Foundation Boston, MA | $2,530,107,332 | $803,389,715 |
Klarman Family Foundation Boston, MA | $754,784,032 | $145,872,662 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |