Fund For Life Foundation Inc
- Assets
- $0.0
- Revenue
- $3.4m
- Investments
- $43.3m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 11-3239215
Organization Overview
Fund For Life Foundation Inc is located in Brooklyn, NY. The organization was established in 1996. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Life 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 12/2021, Fund For Life Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fund For Life Foundation Inc has awarded 225 individual grants totaling $8,572,001. 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 |
|---|---|---|---|
Harry Reichman President | 2 | $0 | |
Chaya Reichman Treasurer | 2 | $0 | |
Simon Reichman Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,561 |
| Interest on Savings | $33,342 |
| Dividends & Interest | $1,035,129 |
| Profit on Inventory Sales | $0 |
| Other Income | $103,980 |
| Total Revenue | $3,376,183 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $13,915 |
| Occupancy | $119,213 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $556,325 |
| Contributions, gifts, grants paid | $1,866,131 |
| Total expenses and disbursements | $2,422,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,711 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,141,303 |
| Other assets | $163,045 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $13,991,581 |
Grants Awarded
Over the last fiscal year, Fund For Life Foundation Inc has awarded $3,139,578 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
BAYIS ESTER PURPOSE: TO FURTHER JEWISH CAUSES | $85,000 |
BETH CHANA SCHOOL PURPOSE: TO FURTHER JEWISH CAUSES | $10,000 |
BNOS BROCHA INC PURPOSE: TO FURTHER JEWISH CAUSES | $6,000 |
BNOS ESTHER MALKA INC PURPOSE: TO FURTHER JEWISH CAUSES | $3,000 |
BNOS SANZ PURPOSE: TO FURTHER JEWISH CAUSES | $10,000 |
CHESED LAVRAHAM PURPOSE: TO FURTHER JEWISH CAUSES | $280 |