Marsha Lilien Gladstein Foundation
- Assets
- $10.9m
- Revenue
- $164.0k
- Investments
- $10.3m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 12/2000
- Data as of
- 12/2022
- EIN
- 06-1581875
Organization Overview
Marsha Lilien Gladstein Foundation is located in Greenwich, CT. The organization was established in 2000. 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. Marsha Lilien Gladstein 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, Marsha Lilien Gladstein Foundation generated $164.0k 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 (25.1%) each year. All expenses for the organization totaled $711.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Marsha Lilien Gladstein Foundation has awarded 32 individual grants totaling $1,257,222. 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 |
|---|---|---|---|
Jeff Gladstein Trustee | 2 | $15,000 | |
Mindy A Grafstein Trustee | 2 | $15,000 | |
Gary Gladstein Trustee | 4 | $0 | |
Phyllis Gladstein Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,065 |
| Dividends & Interest | $88,122 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,279 |
| Capital Gain Net Income | $55,279 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19,543 |
| Total Revenue | $164,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $5,030 |
| Taxes | $19,523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $334 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $69,887 |
| Contributions, gifts, grants paid | $641,643 |
| Total expenses and disbursements | $711,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,630 |
| 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 | $8,054,075 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $577,591 |
| Total assets | $10,863,493 |
| 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 | $15,000 |
| Total liabilities | $15,000 |
Grants Awarded
Over the last fiscal year, Marsha Lilien Gladstein Foundation has awarded $641,643 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALGEMEINER PURPOSE: CHARITABLE | $1,800 |
AMERICAN ISRAELI FRIENDSHIP LEAGUE PURPOSE: CHARITABLE | $20,000 |
ANUISM CENTER OF EL PASO PURPOSE: CHARITABLE | $3,600 |
BBYO PURPOSE: CHARITABLE | $1,800 |
BIKE4CHAI PURPOSE: CHARITABLE | $180 |
B'NAI TORAH CONGREGATION PURPOSE: CHARITABLECHARITABLECHARITABLE | $3,117 |