Georgescu Family Foundation
- Assets
- $217.8k
- Revenue
- $388.1k
- Investments
- $31.1k
- Employees
- 0
- Location
- Westport, CT
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 13-4111095
Organization Overview
Georgescu Family Foundation is located in Westport, CT. The organization was established in 2000. 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. Georgescu 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 12/2023, Georgescu Family Foundation generated $388.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $593.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Georgescu Family Foundation has awarded 725 individual grants totaling $6,166,778. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Georgescu President | 1 | $0 | |
Barbara A Georgescu Secretary | 1 | $0 | |
P Andrew Georgescu Vice President | 1 | $0 | |
Sedona Georgescu Vice President | 1 | $0 | |
Elwood Davis Tresurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $136,925 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,510 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $234,271 |
| Capital Gain Net Income | $234,631 |
| Net ST Capital Gain | $1,003 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,347 |
| Total Revenue | $388,053 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,238 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,238 |
| Contributions, gifts, grants paid | $577,126 |
| Total expenses and disbursements | $593,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,713 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $217,774 |
| 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, Georgescu Family Foundation has awarded $577,126 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
564 PARK AVE PRESERVATION FDTN PURPOSE: GENERAL USE | $1,000 |
AFRICAN AMERICAN HERITAGE PURPOSE: GENERAL USE | $5,000 |
ATLANTIC SALMON FEDERATION PURPOSE: GENERAL USE | $1,500 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL USE | $2,250 |
ALL SOULS UNITERIAN CHURCH PURPOSE: GENERAL USE | $78,000 |
AMERICAN MUSEUM NATURAL HISTORY PURPOSE: GENERAL USE | $5,500 |