Weitz Family Charitable Foundation Inc
- Assets
- $89.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 11-3375476
Organization Overview
Weitz Family Charitable Foundation Inc is located in New York, NY. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weitz Family Charitable 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, Weitz Family Charitable Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.2% each year . All expenses for the organization totaled $916.6k during the year ending 12/2022. While expenses have increased by 39.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Weitz Family Charitable Foundation Inc has awarded 52 individual grants totaling $1,791,400. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ORGANIZED TO DISTRIBUTE ITS INCOME TO ORGANIZED, WORTHY TAX EXEMPT PUBLIC CHARITIES WHICH BENEFIT THE GENERAL PUBLIC. DURING THE YEAR THE FOUNDATION'S
DIRECTOR DETERMINES WHICH TAX EXEMPT ORGANIZATION WILL RECEIVE CONTRIBUTIONS. SEE SCHEDULE OF GRANTS MADE DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Weitz Pres./director | 0 | $0 | |
Felicia Weitz Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,098,300 |
| Interest on Savings | $153 |
| Dividends & Interest | $1,257 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $806,501 |
| Capital Gain Net Income | $806,501 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,906,211 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $3,100 |
| Contributions, gifts, grants paid | $913,500 |
| Total expenses and disbursements | $916,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,839 |
| 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 | $0 |
| Total assets | $89,839 |
| 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, Weitz Family Charitable Foundation Inc has awarded $913,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CHOLEL CHABAD PURPOSE: UNRESTRICTED GRANTS | $108,000 |
UNIVERSITY OF MICHIGAN PURPOSE: UNRESTRICTED GRANT | $500 |
THIRD OPTION FOUNDATION PURPOSE: UNRESTRICTED GRANT | $50,000 |
TOURO COLLEGE PURPOSE: UNRESTRICTED GRANT | $250,000 |
HOFSTRA UNIVERSITY PURPOSE: UNRESTRICTED GRANT | $500,000 |
KENNEDY KIDS PURPOSE: UNRESTRICTED GRANT | $5,000 |