Skolnick Family Charitable Trust
- Assets
- $91.7m
- Revenue
- $11.2m
- Investments
- $71.5m
- Employees
- 0
- Location
- North Miami, FL
- Founding
- 01/1996
- Data as of
- 01/2022
- EIN
- 11-6462058
Organization Overview
Skolnick Family Charitable Trust is located in North Miami, FL. The organization was established in 1996. 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. Skolnick Family Charitable Trust 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 01/2022, Skolnick Family Charitable Trust generated $11.2m in total revenue. All expenses for the organization totaled $5.9m during the year ending 01/2022. While expenses have increased by 2.4% per year over the past 3 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 2015, Skolnick Family Charitable Trust has awarded 143 individual grants totaling $35,903,561. 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 |
|---|---|---|---|
Aaron Fischer Coo/cio | 30 | $350,000 | |
Martin Skolnick Administration | 30 | $45,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services | 1/30/21 | $50,172 |
Oppenheimer & Co | 1/30/21 | $46,180 |
Foundation Source | 1/30/21 | $169,939 |
Hightower Advisors | 1/30/21 | $5,829 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $6,394,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,049,975 |
| Capital Gain Net Income | $2,913,380 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$233,432 |
| Total Revenue | $11,211,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $270,833 |
| Other employee salaries and wages | $396,236 |
| Pension plans, employee benefits | $65,844 |
| Interest | $0 |
| Taxes | $1,019 |
| Depreciation | $25,965 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $404,501 |
| Total operating and administrative expenses | $1,248,371 |
| Contributions, gifts, grants paid | $4,633,366 |
| Total expenses and disbursements | $5,881,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,983,773 |
| 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 | $42,090,807 |
| Net Land, buildings, and equipment | $165,096 |
| Other assets | $0 |
| Total assets | $91,694,997 |
| 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, Skolnick Family Charitable Trust has awarded $5,050,160 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEE STATEMENT D ATTACHED PURPOSE: GENERAL OPERATING SUPPORT | $5,050,000 |
PARTNERSHIP INVESTMENT K-1 PASS THRU PURPOSE: GENERAL SUPPORT | $160 |
MOUNT SINAI MEDICAL CENTER PURPOSE: GENERAL OPERATING GRANT FOR EXCELLENCE IN CLINICAL AND MEDICAL CARE | $0 |
FRIENDS OF HEBREW UNIVERSITY PURPOSE: ACADEMIC EDUCATIONAL OPPORTUNITIES | $0 |