William & Elaine Kaplan Family Charitable Foundation
- Assets
- $60.0m
- Revenue
- $14.3m
- Investments
- $57.6m
- Employees
- 0
- Location
- Newburgh, NY
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 22-2470361
Organization Overview
William & Elaine Kaplan Family Charitable Foundation is located in Newburgh, NY. The organization was established in 1983. 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. William & Elaine Kaplan Family Charitable 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 12/2021, William & Elaine Kaplan Family Charitable Foundation generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 54.5% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 15.3% per year over the past 5 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 2018, William & Elaine Kaplan Family Charitable Foundation has awarded 375 individual grants totaling $69,529,640. 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 |
|---|---|---|---|
Joan P Kaplan Director, President | 8 | $77,500 | |
William Kaplan Director, Chairman | 1 | $0 | |
Amy Kaplan Director, Vice President | 1 | $0 | |
David Marks Director, Treasurer | 1 | $0 | |
Richard J Drake ESQ Director | 1 | $0 | |
Dr Harold Kaplan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $320 |
| Dividends & Interest | $1,145,428 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,094,895 |
| Capital Gain Net Income | $13,308,994 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,441 |
| Total Revenue | $14,271,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $77,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,000 |
| Depreciation | $0 |
| Occupancy | $26,400 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,960 |
| Total operating and administrative expenses | $616,118 |
| Contributions, gifts, grants paid | $3,209,615 |
| Total expenses and disbursements | $3,825,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $799,098 |
| Savings and temporary cash investments | $1,633,060 |
| 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 | $32,692,695 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $60,041,826 |
| 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, William & Elaine Kaplan Family Charitable Foundation has awarded $17,859,615 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
ORANGE COUNTY COMMUNITY COLLEGE - MIDDLETOWN CAMPUS PURPOSE: OPERATING SUPPORT | $3,500,000 |
Newburgh, NY PURPOSE: OPERATING SUPPORT | $3,400,000 |
MSMC MATH SCI & TECH CTR PURPOSE: OPERATING SUPPORT | $2,100,000 |
MSMC - DOMINICAN CENTER PURPOSE: OPERATING SUPPORT | $2,000,000 |
FOUNDATION FOR NEUROLOGIC DISEASE PURPOSE: OPERATING SUPPORT | $1,400,000 |
KOL YISRAEL PURPOSE: OPERATING SUPPORT | $900,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |