Buchman Foundation Inc
- Assets
- $860.2k
- Revenue
- $104.9k
- Investments
- $859.3k
- Employees
- 0
- Location
- Catskill, NY
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-3038264
Organization Overview
Buchman Foundation Inc is located in Catskill, NY. The organization was established in 2007. 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. Buchman 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.
For the year ending 12/2021, Buchman Foundation Inc generated $104.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $92.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Buchman Foundation Inc has awarded 119 individual grants totaling $412,373. 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 ORGANIZATION'S PRIMARY PURPOSE IS TO HONOR THE MEMORIES OF LOUIS AND NATALIE BUCHMAN BY DISTRIBUTING ASSETS TO ONE OR MORE CHARITABLE ORGANIZATIONS DESCRIBED IN SEC 170(C), 2055(A), AND 2522(A) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zoe B Zak President | 0 | $12,000 | |
Deborah Buchman Stehr Secretary | 0 | $6,000 | |
Sally Zak Treasurer | 0 | $6,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $40,182 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,675 |
| Capital Gain Net Income | $64,675 |
| Net ST Capital Gain | $6,828 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,052 |
| Total operating and administrative expenses | $35,833 |
| Contributions, gifts, grants paid | $56,150 |
| Total expenses and disbursements | $91,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $965 |
| 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 | $860,249 |
| 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, Buchman Foundation Inc has awarded $56,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE ISRAEL OF CATSKILL PURPOSE: GENERAL FUND | $25,550 |
THE COLLEGE OF ST ROSE PURPOSE: SECOND CENTURY SCHOLARS | $10,000 |
Troy, NY PURPOSE: TO SUPPORT GOOD WORK CHARITIES - BUCHMAN ENDOWMENT FUND | $10,000 |
CHABAD LUBAVITCH OF ULSTER COUNTY PURPOSE: GENERAL FUND | $5,000 |
Kingston, NY PURPOSE: GENERAL FUND | $4,600 |
EZRA UGANDA ASSISTANCE PURPOSE: GENERAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |