Leon And Toby Cooperman Family Foundation
- Assets
- $415.1m
- Revenue
- $51.7m
- Investments
- $394.2m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 03/1982
- Data as of
- 01/2023
- EIN
- 13-3102941
Organization Overview
Leon And Toby Cooperman Family Foundation is located in Boca Raton, FL. The organization was established in 1982. 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. Leon And Toby Cooperman Family Foundation 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 01/2023, Leon And Toby Cooperman Family Foundation generated $51.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $36.1m during the year ending 01/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2024, Leon And Toby Cooperman Family Foundation has awarded 82 individual grants totaling $18,939,435. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon G Cooperman Trustee | 10 | $0 | |
Toby F Cooperman Trustee | 5 | $0 | |
Michael S Cooperman Trustee | 5 | $0 | |
Wayne M Cooperman Trustee | 5 | $0 | |
Jodi Cooperman Trustee | 5 | $0 | |
Courtney Cooperman Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Bloom | 1/30/24 | $175,000 |
Edward Levy | 1/30/24 | $175,000 |
Mary Ann Viscio | 1/30/24 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,010,716 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,484,274 |
| Capital Gain Net Income | $13,430,497 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,817,055 |
| Total Revenue | $51,677,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,032,653 |
| Taxes | $300,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $995,256 |
| Total operating and administrative expenses | $11,727,909 |
| Contributions, gifts, grants paid | $24,393,219 |
| Total expenses and disbursements | $36,121,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,145,372 |
| Savings and temporary cash investments | $1,791,971 |
| 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 | $415,095,569 |
| 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, Leon And Toby Cooperman Family Foundation has awarded $18,939,435 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ADOLPH AND ROSE LEVIS JEWISH COMMUNITY CENTER INC PURPOSE: GENERAL OPERATING SUPPORT | $16,000 |
AHAVATH TORAH - CHABAD AT SHORT HILLS PURPOSE: GENERAL OPERATING SUPPORT | $400,000 |
ALZHEIMER'S FOUNDATION OF AMERICA INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
AMERICAN FRIENDS OF BEIT RUTH INC PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |