Cele H & William B Rubin Family Fund Inc
- Assets
- $36.8m
- Revenue
- $1.7m
- Investments
- $33.6m
- Employees
- 0
- Location
- Wellesley Hills, MA
- Founding
- 09/1944
- Data as of
- 12/2022
- EIN
- 11-6026235
Organization Overview
Cele H & William B Rubin Family Fund Inc is located in Wellesley Hills, MA. The organization was established in 1944. 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. Cele H & William B Rubin Family 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, Cele H & William B Rubin Family Fund Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.1%) each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Cele H & William B Rubin Family Fund Inc has awarded 48 individual grants totaling $4,337,069. 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 HAS NO DIRECT CONDUCT OF CHARITABLE ACTIVITIES, RATHER IT IS A NON OPERATING PRIVATE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen R Gordon Pres. & Treas. | 0 | $0 | |
Lisa Gordon Vice President | 0 | $0 | |
Virginia Gordon Secretary | 0 | $0 | |
Wendy Gordon Vice President | 0 | $0 | |
Karen Mills Vice President | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
| 12/30/21 | $50,566 | |
Cibc Private Wealth Adv | 12/30/21 | $95,842 |
Willam Blair Agency | 12/30/21 | $0 |
Cibc Private Wealth Adv | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,058,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $657,781 |
| Capital Gain Net Income | $657,781 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,573 |
| Total Revenue | $1,727,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72,844 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,000 |
| Total operating and administrative expenses | $433,454 |
| Contributions, gifts, grants paid | $4,337,069 |
| Total expenses and disbursements | $4,770,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,037 |
| Savings and temporary cash investments | $2,753,166 |
| 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 | $64,846 |
| Total assets | $36,813,251 |
| 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, Cele H & William B Rubin Family Fund Inc has awarded $4,337,069 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
LEBONHEUR CHILDRENS HOSPITAL FOUNDATION PURPOSE: GENERAL | $1,000 |
CITY UNION MISSION INC PURPOSE: GENERAL | $2,000 |
SUNFLOWER HOUSE PURPOSE: GENERAL | $2,000 |
SHRINERS HOSPITAL PURPOSE: GENERAL | $500 |
LOYOLA MEDICINE PURPOSE: GENERAL | $2,500 |
UNIVERSITY OF UTAH PURPOSE: GENERAL | $750 |