Hochstein Foundation Inc
- Assets
- $91.2m
- Revenue
- -$1.0m
- Investments
- $85.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1963
- Data as of
- 12/2022
- EIN
- 13-6161765
Organization Overview
Hochstein Foundation Inc is located in New York, NY. The organization was established in 1963. 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. Hochstein Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Fuss Board Member | 0 | $0 | |
Michael Hochstein Board Member | 0 | $0 | |
Stephen Hochstein Board Member | 0 | $0 | |
Richard Hochstein Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $560,745 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,220,637 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $637,401 |
| Total Revenue | -$1,022,491 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $64,289 |
| Taxes | $342,057 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $1,180,446 |
| Contributions, gifts, grants paid | $7,133,311 |
| Total expenses and disbursements | $8,313,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,646,850 |
| 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 | $41,837,839 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $91,169,093 |
| 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 | $1,394,381 |
| Total liabilities | $1,394,381 |
Grants Awarded
Over the last fiscal year, Hochstein Foundation Inc has awarded $4,501,100 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
PEF ISRAEL ENDOWMENT FUND PURPOSE: GENERAL CHARITABLE PURPOSE | $3,606,000 |
OD YOSEF CHAI PURPOSE: GENERAL CHARITABLE PURPOSE | $24,000 |
AMERICAN FRIENDS OF YESHIVA TIFERETH ZVI PURPOSE: GENERAL CHARITABLE PURPOSE | $108,000 |
CENTRAL FUND FOR ISRAEL PURPOSE: GENERAL CHARITABLE PURPOSE | $286,000 |
CONGREGATION YESHIVA EITZ CHAIM KLETZK PURPOSE: GENERAL CHARITABLE PURPOSE | $103,600 |
MACHINE ISRAEL DEVELOPMENT FUND PURPOSE: GENERAL CHARITABLE PURPOSE | $7,500 |