Malesardi Family Foundation
- Assets
- $2.2m
- Revenue
- $71.6k
- Investments
- $2.1m
- Employees
- 0
- Location
- Menands, NY
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 22-3739617
Organization Overview
Malesardi Family Foundation is located in Menands, NY. The organization was established in 2001. 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. Malesardi Family 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 12/2023, Malesardi Family Foundation generated $71.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $208.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Malesardi Family Foundation has awarded 162 individual grants totaling $1,643,923. 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 |
|---|---|---|---|
Robert E Malesardi President | 1 | $0 | |
Doris Fisher Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $71,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,625 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,040 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,040 |
| Contributions, gifts, grants paid | $206,973 |
| Total expenses and disbursements | $208,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,254 |
| 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 | $2,374 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,053,377 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,200,005 |
| 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, Malesardi Family Foundation has awarded $206,973 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ST PETER'S HOSPITAL FOUNDATION PURPOSE: DONATION | $21,000 |
FENIMORE ART MUSEUM PURPOSE: DONATION | $25,000 |
SARATOGA PERFORMING ARTS CENTER PURPOSE: DONATION | $14,000 |
WMHT ALBANY PURPOSE: DONATION | $22,723 |
HERITAGE CLASSIC FOUNDATION PURPOSE: DONATION | $7,000 |
ELMIRA COLLEGE PURPOSE: DONATION | $10,000 |