Mary L And William J Osher Foundation
- Assets
- $32.9m
- Revenue
- -$356.7k
- Investments
- $5.7m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/2007
- Data as of
- 08/2020
- EIN
- 20-5094518
Organization Overview
Mary L And William J Osher Foundation is located in Houston, TX. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public 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. Mary L And William J Osher 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 08/2020, Mary L And William J Osher Foundation generated -$356.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $766.6k during the year ending 08/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mary L And William J Osher Foundation has awarded 32 individual grants totaling $9,308,286. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT ADVANCEMENT OF THE HUMAN CONDITION - HUMAN RIGHTS, HEALTH, EDUCATION & MAINTENANCE OF PEACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARY L. & WILLIAM J. OSHER FOUNDATION, AS STATED IN ITS ARTICLES OF INCORPORATION, IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES TO CONDUCT AND SUPPORT ACTIVITIES FOR THE BENEFIT OF, OR TO CARRY OUT, THE PURPOSES OF THE JEWISH FEDERATION OF GREATER HOUSTON. THE MARY L. & WILLIAM J. OSHER FOUNDATION ACCOMPLISHES THESE GOALS BY AWARDING GRANTS TO CHARITABLE, EDUCATIONAL, AND RELIGIOUS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Jacobson Secretary | OfficerTrustee | 1 | $0 |
Michael Rubenstein President | OfficerTrustee | 1 | $0 |
Anne Osher Trustee | Trustee | 1 | $0 |
Elizabeth Osher Del-Pico Trustee | Trustee | 1 | $0 |
Henry P Osher Trustee | Trustee | 1 | $0 |
Esther Polland Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,049,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,301,659 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$356,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $223,008 |
| Fees for services: Other | $92,830 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $766,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,559,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $24,634,019 |
| Investments—other securities | $5,668,091 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,883,607 |
| Accounts payable and accrued expenses | $11,757 |
| Grants payable | $1,214,844 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,226,601 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $31,657,006 |
Grants Awarded
Over the last fiscal year, Mary L And William J Osher Foundation has awarded $1,939,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: ESHEL Covid 19 Relief | $876,000 |
Teaneck, NJ PURPOSE: Covid-19 relief | $423,000 |
Portland, OR PURPOSE: General support | $290,000 |
Houston, TX PURPOSE: Annual Campaign | $250,000 |
Houston, TX PURPOSE: General support | $100,000 |
Endowment Analysis
| Beg. Balance | $31,657,006 |
| Earnings | $5,928,317 |
| Admin Expense | $96,436 |
| Grants | $1,939,000 |
| Ending Balance | $35,549,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |