Schwartz Fam Foundation Tr
- Assets
- $15.7m
- Revenue
- $4.6m
- Investments
- $14.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 13-7138217
Organization Overview
Schwartz Fam Foundation Tr is located in New York, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Schwartz Fam Foundation Tr 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 12/2021, Schwartz Fam Foundation Tr generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Schwartz Fam Foundation Tr has awarded 466 individual grants totaling $13,738,346. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED WITH ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT BY CONTRIBUTION OTHER ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan D Schwartz Trustee | 5 | $0 | |
Nancy M Seaman Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $156,527 |
| Interest on Savings | $108 |
| Dividends & Interest | $2,272,403 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,212,462 |
| Capital Gain Net Income | $2,212,462 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,641,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $12,769 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,674,752 |
| Total operating and administrative expenses | $3,781,509 |
| Contributions, gifts, grants paid | $1,499,602 |
| Total expenses and disbursements | $5,281,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,954 |
| Savings and temporary cash investments | $1,212,244 |
| 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 | $15,701,646 |
| 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, Schwartz Fam Foundation Tr has awarded $1,499,602 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $329,500 |
Arlington, TX PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $215,000 |
BOYS AND GIRLS CLUB OF MARTIN COUNTY PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $170,000 |
YOUTH IMPROVING NONPROFITS FOR CHILDREN (YOUTH INC) PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $100,000 |
HELP USA PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $50,000 |
Chicago, IL PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |