The Peter Savitz Foundation
- Assets
- $2.8m
- Revenue
- $146.2k
- Investments
- $2.3m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 11/1994
- Data as of
- 05/2024
- EIN
- 13-3748074
Organization Overview
The Peter Savitz Foundation is located in Greenwich, CT. The organization was established in 1994. 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. Peter Savitz Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Peter Savitz Foundation has awarded 32 individual grants totaling $1,328,609. 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
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECTCHARITABLE 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 |
|---|---|---|---|
Peter Savitz Trustee/part-Time | 0 | $0 | |
Alisa Savitz Trustee/part-Time | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $136,285 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $173 |
| Capital Gain Net Income | $173 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,777 |
| Total Revenue | $146,235 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,024 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $475 |
| Total operating and administrative expenses | $7,499 |
| Contributions, gifts, grants paid | $11,744 |
| Total expenses and disbursements | $19,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $149,171 |
| 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 | $354,033 |
| Total assets | $2,841,758 |
| 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, The Peter Savitz Foundation has awarded $11,744 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MANHATTAN THEATRE CLUB PURPOSE: GENERAL OPERATING SUPPORT | $1,100 |
ST VINCENT'S SWIM ACROSS THE SOUND PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
TEMPLE SHOLOM PURPOSE: GENERAL OPERATING SUPPORT | $4,644 |
MOUNT TOM B-17 MEMORIAL PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |