Merkin Family Foundation
- Assets
- $235.7m
- Revenue
- $7.0m
- Investments
- $228.8m
- Employees
- 0
- Location
- Marina Del Rey, CA
- Founding
- 10/2004
- Data as of
- 11/2022
- EIN
- 20-0527223
Organization Overview
Merkin Family Foundation is located in Marina Del Rey, CA. 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. Merkin 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 11/2022, Merkin Family Foundation generated $7.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $13.1m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Merkin Family Foundation has awarded 82 individual grants totaling $59,948,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Merkin President | 4 | $0 | |
Anne Wymer Secretary/treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,485,696 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,569,533 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,925,399 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,842,672 |
| Total Revenue | $6,972,502 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $242,921 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $709 |
| Total operating and administrative expenses | $1,358,082 |
| Contributions, gifts, grants paid | $11,731,000 |
| Total expenses and disbursements | $13,089,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,984,406 |
| 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 | $1,000,010 |
| Investments—mortgage loans | $0 |
| Investments—other | $228,751,746 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $235,736,162 |
| 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 | $174,312 |
| Total liabilities | $174,312 |
Grants Awarded
Over the last fiscal year, Merkin Family Foundation has awarded $11,734,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF PUERTO RICO PURPOSE: FOSTER YOUTH SUPPORT | $50,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATION | $4,460,000 |
BROAD INSTITUTE PURPOSE: MEDICAL RESEARCH | $3,000,000 |
KERSHAW'S CHALLENGE PURPOSE: PROGRAM ASSISTANCE | $15,000 |
KYLES FAMILY FOUNDATION PURPOSE: TEACH LIFE SKILLS | $10,000 |
LOS ANGELES BALLET PURPOSE: ARTS & EDUCATIONARTS & EDUCATION | $50,000 |