Louis S And Molly B Wolk Foundation is located in Rochester, NY. The organization was established in 1982. 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. Louis S And Molly B Wolk 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 12/2022, Louis S And Molly B Wolk Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis S And Molly B Wolk Foundation has awarded 243 individual grants totaling $36,440,909. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marvin L Wolk Treasurer | 10 | $50,000 | |
David M Wolk Chairman | 5 | $25,000 | |
Alvin L Ureles MD Vice Chairman | 5 | $25,000 | |
Harold Samloff Co-Chair - Grants | 5 | $25,000 | |
Michael B Berger Co-Chair - Grants | 5 | $25,000 | |
Jeremy Wolk Secretary | 5 | $25,000 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $694,400 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $565,209 |
Capital Gain Net Income | $565,209 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $1,259,609 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $175,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $22,568 |
Depreciation | $0 |
Occupancy | $27,615 |
Travel, conferences, and meetings | $661 |
Printing and publications | $0 |
Other expenses | $6,188 |
Total operating and administrative expenses | $346,291 |
Contributions, gifts, grants paid | $1,762,471 |
Total expenses and disbursements | $2,108,762 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $438,776 |
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 | $19,765,132 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $20,203,908 |
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 |
Over the last fiscal year, Louis S And Molly B Wolk Foundation has awarded $4,304,472 in support to 35 organizations.
Grant Recipient | Amount |
---|---|
MCC FOUNDATION PURPOSE: DOWNTOWN CAMPUS | $1,000,000 |
Rochester, NY PURPOSE: GREEN HOUSE | $652,000 |
Rochester, NY PURPOSE: CAPITAL CAMPAIGN | $600,000 |
STRONG MUSEUM PURPOSE: EXPANSION | $300,000 |
MCC FOUNDATION PURPOSE: DOWNTOWN CAMPUS | $250,000 |
Rochester, NY PURPOSE: CAPITAL CAMPAIGN | $180,000 |
Organization Name | Assets | Revenue |
---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |