Elbaz Family Foundation Tr
- Assets
- $10.7m
- Revenue
- $5.0m
- Investments
- $7.7m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 05/2006
- Data as of
- 12/2023
- EIN
- 20-6735811
Organization Overview
Elbaz Family Foundation Tr is located in Beverly Hills, CA. The organization was established in 2006. 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. Elbaz Family 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 12/2023, Elbaz Family Foundation Tr generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 6.8% per year over the past 9 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 2015, Elbaz Family Foundation Tr has awarded 520 individual grants totaling $25,421,050. 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 |
|---|---|---|---|
Elyssa Elbaz Trustee | 5 | $0 | |
Gilad Elbaz Trustee | 8 | $0 | |
Elyssa Elbaz Trustee | 5 | $0 | |
Gilad Elbaz Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $531,750 |
| Interest on Savings | $97,172 |
| Dividends & Interest | $120,225 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,202,191 |
| Capital Gain Net Income | $4,202,191 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,501 |
| Total Revenue | $4,952,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,199 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,029 |
| Total operating and administrative expenses | $83,012 |
| Contributions, gifts, grants paid | $2,850,000 |
| Total expenses and disbursements | $2,933,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $509,497 |
| 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 | $2,520,515 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,000,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,698,606 |
| 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, Elbaz Family Foundation Tr has awarded $7,700,000 in support to 119 organizations.
| Grant Recipient | Amount |
|---|---|
CLAREMONT MCKENNA COLLEGE PURPOSE: TO SUPPORT HUMANISTIC STUDIES. | $150,000 |
XPRIZE FOUNDATION PURPOSE: TO BRING ABOUT RADICAL BREAKTHROUGHS FOR THE BENEFIT OF HUMANITY. | $100,000 |
NATURAL RESOURCES DEFENSE COUNCIL PURPOSE: TO WORK TOWARDS SAFEGUARDING THE EARTH - ITS PEOPLE, PLANTS, ANIMALS AND THE NATURAL SYSTEMS ON WHICH ALL LIFE DEPENDS. | $75,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: TO SUPPORT HIGHER EDUCATION AND RESEARCH. | $60,000 |
TEMPLE BETH AMPRESSMAN ACADEMY PURPOSE: TO DEVELOP MINDS, NURTURE HEARTS, AND INSTILL JEWISH VALUES. | $200,000 |
SIMON WIESENTHAL CENTER PURPOSE: TO RESEARCH THE HOLOCAUST AND HATE IN A HISTORIC AND CONTEMPORARY CONTEXT. | $10,000 |