Granoff Family Foundation
- Assets
- $981.7k
- Revenue
- $79.6k
- Investments
- $789.3k
- Employees
- 0
- Location
- Providence, RI
- Founding
- 12/1996
- Data as of
- 07/2024
- EIN
- 05-0493514
Organization Overview
Granoff Family Foundation is located in Providence, RI. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granoff 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 07/2024, Granoff Family Foundation generated $79.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $176.0k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Granoff Family Foundation has awarded 80 individual grants totaling $616,319. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Granoff Co-Trustee | 2 | $0 | |
Evan J Granoff Co-Trustee | 2 | $0 | |
Lloyd W Granoff Co-Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,565 |
| 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 | $79,565 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $610 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $177 |
| Total operating and administrative expenses | $787 |
| Contributions, gifts, grants paid | $175,234 |
| Total expenses and disbursements | $176,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,307 |
| Savings and temporary cash investments | $142,107 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $981,672 |
| 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, Granoff Family Foundation has awarded $175,234 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH ALLIANCE OF RHODE ISLAND PURPOSE: UNRESTRICTED | $25,000 |
JEWISH FEDERATION OF PALM BEACH PURPOSE: UNRESTRICTED | $21,600 |
NEW ENGLAND RABBINICAL COLLEGE PURPOSE: UNRESTRICTED | $36,000 |
NEW YORK UNIVERSITY PURPOSE: UNRESTRICTED | $500 |
PLAY FOR PINK PURPOSE: UNRESTRICTED | $900 |
PROVIDENCE COLLEGE PURPOSE: UNRESTRICTED | $5,000 |