Allan And Denise Edelson Family Foundation
- Assets
- $640.4k
- Revenue
- $136.3k
- Investments
- $621.3k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 20-0456756
Organization Overview
Allan And Denise Edelson Family Foundation is located in Chicago, IL. The organization was established in 2004. 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. Allan And Denise Edelson 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, Allan And Denise Edelson Family Foundation generated $136.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $145.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Allan And Denise Edelson Family Foundation has awarded 24 individual grants totaling $432,251. 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
THE FOUNDATION DOES NOT CONDUCT ANY DIRECT CHARITABLEACTIVITIES, ACCORDINGLY, THERE IS NO RELAVANT STATISTICALINFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Edelson President, As Required | 0 | $0 | |
Denise Edelson Treasurer, As Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $233 |
| Dividends & Interest | $29,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $106,313 |
| Capital Gain Net Income | $106,313 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,257 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,085 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,973 |
| Contributions, gifts, grants paid | $140,000 |
| Total expenses and disbursements | $144,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,105 |
| 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 | $176,407 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $640,372 |
| 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, Allan And Denise Edelson Family Foundation has awarded $140,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI DEFAMATION LEAGUE PURPOSE: TO COMBAT ANTISEMITISM, COUNTERING EXTREMISM AND BATTLING BIGOTRY | $15,000 |
HOPE CHICAGO PURPOSE: TO CREATE EQUITABLE ACCESS TO HIGHER EDUCATION | $25,000 |
ILLINOIS HOLOCAUST MUSEUM & EDUCATION CENTER PURPOSE: TO SUPPORT 2023 HUMANITARIAN AWARDS DINNER | $5,000 |
JEWISH UNITED FUND PURPOSE: TO SERVE THE COMMUNITY | $50,000 |
PBS12 PURPOSE: TO BRING IMPACTFUL PROGRAMMING TO OUR COMMUNITY | $10,000 |
ST JUDE CHILDREN'S RESEARCH HOSPITAL PURPOSE: TO CURE CHILDHOOD CANCER AND OTHER LIFE-THREATENING DISEASES | $15,000 |