Evelyn & Louis Grossman Fund Inc
- Assets
- $103.3k
- Revenue
- $34.2k
- Investments
- $95.8k
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 05/1962
- Data as of
- 12/2022
- EIN
- 11-6015471
Organization Overview
Evelyn & Louis Grossman Fund Inc is located in Wellesley, MA. The organization was established in 1962. 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. Evelyn & Louis Grossman Fund 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, Evelyn & Louis Grossman Fund Inc generated $34.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $47.0k during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 4 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 2020, Evelyn & Louis Grossman Fund Inc has awarded 102 individual grants totaling $111,266. 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
COMBINED JEWISH PHILANTHROPIES
ANTI-DEFAMATION LEAGUE - NEW ENGLAND
AMERICAN FRIENDS OF MAGEN DAVID ADOM
JEWISH UNITED FUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael A Grossman President Treasurer Trustee | 5 | $0 | |
Louise F Grossman VP Secretary Trustee | 1 | $0 | |
Leslie A Blau Asst Treas Trustee | 1 | $0 | |
Emily S Grossman Asst Treas Trustee | 1 | $0 | |
Fredrick M Blau Asst Sec Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $140 |
| Dividends & Interest | $34,062 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10 |
| Capital Gain Net Income | $10 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,212 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $560 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $475 |
| Total operating and administrative expenses | $1,035 |
| Contributions, gifts, grants paid | $45,965 |
| Total expenses and disbursements | $47,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,465 |
| 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 | $103,275 |
| Accounts payable and accrued expenses | $5,044 |
| 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 | $5,044 |
Grants Awarded
Over the last fiscal year, Evelyn & Louis Grossman Fund Inc has awarded $45,965 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
AJC PURPOSE: CONTRIBUTION | $371 |
AMERICAN FRIENDS OF MAGEN DAVID ADO PURPOSE: CONTRIBUTION | $5,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: CONTRIBUTION | $10,000 |
AMERICAN COM FOR WEIZMANN INST PURPOSE: CONTRIBUTION | $250 |
AM JEWISH JOINT DISTRIBUTION COM PURPOSE: CONTRIBUTION | $1,800 |
AMERICAN TECHNION SOCIETY NE REGION PURPOSE: CONTRIBUTION | $180 |