Ifs Family Foundation Inc
- Assets
- $8.5m
- Revenue
- $1.0m
- Investments
- $8.0m
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 12/1999
- Data as of
- 12/2022
- EIN
- 06-1552716
Organization Overview
Ifs Family Foundation Inc is located in Old Greenwich, CT. The organization was established in 1999. 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. Ifs Family Foundation Inc 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, Ifs Family Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $492.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Ifs Family Foundation Inc has awarded 40 individual grants totaling $2,218,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irwin F Smith President/treasurer | 0 | $0 | |
Susan N Smith Vice President | 0 | $0 | |
Linda S Smith Vice President/secretary | 0 | $0 | |
Stephen D Smith Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $537 |
| Dividends & Interest | $139,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $903,786 |
| Capital Gain Net Income | $903,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,044,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,790 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96,575 |
| Total operating and administrative expenses | $104,715 |
| Contributions, gifts, grants paid | $388,000 |
| Total expenses and disbursements | $492,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,380 |
| 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 | $0 |
| Other assets | $6,231 |
| Total assets | $8,457,604 |
| 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, Ifs Family Foundation Inc has awarded $388,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Santa Rosa Beach, FL PURPOSE: MEDICAL | $300,000 |
RONALD MACDONALD HOUSE PURPOSE: PROVIDES A TEMPORARY "HOME AWAY FROM HOME" FOR SERIOUSLY ILL OR INJURED CHILDREN AND THEIR FAMILIES. | $25,000 |
Brunswick, ME PURPOSE: EDUCATION | $20,000 |
UNIVERSITY OF WASHINGTON LIBRARIES PURPOSE: EDUCATION | $20,000 |
Greenwich, CT PURPOSE: MEDICAL | $10,000 |
NYU HERMATOLOGY RESEARCH FUND PURPOSE: MEDICAL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |