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. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $5.9m during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Skolnick Family Charitable Trust has awarded 183 individual grants totaling $35,223,401. 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 |
Foundation Source | 1/30/21 | $169,939 |
Oppenheimer & Co | 1/30/21 | $46,180 |
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 $20,783,366 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT SINAI MEDICAL CENTER PURPOSE: GENERAL OPERATING GRANT FOR EXCELLENCE IN CLINICAL AND MEDICAL CARE | $14,000,000 |
FRIENDS OF HEBREW UNIVERSITY PURPOSE: ACADEMIC EDUCATIONAL OPPORTUNITIES | $2,150,000 |
SEE STATEMENT B ATTACHED PURPOSE: GENERAL OPERATING SUPPORT | $1,828,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $1,800,000 |
Miami Beach, FL PURPOSE: CONSTRUCTION PROJECT PLEDGE | $1,000,000 |
Washington, DC PURPOSE: GENERAL OPERATING GRANT FOR HUMANITARIAN AID | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |
Thomas W Smith Foundation Boca Raton, FL | $35,370,958 | $23,899,669 |
University Of Central Florida Research Foundation Inc Orlando, FL | $26,737,307 | $16,545,937 |
Wonderful Life Foundation West Palm Beach, FL | $22,652,179 | $19,424,572 |
Thompson-Hartford Foundation Inc Tampa, FL | $0 | $6,094,384 |
Harrell Family Charities Inc Lakeland, FL | $0 | $11,320,223 |
Audrey And Martin Gruss Foundation West Palm Beach, FL | $0 | $7,573,459 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
St2 Foundation Inc Sunny Isles Beach, FL | $11,092,190 | $2,139,284 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |