Adelson Family Foundation
- Assets
- $6.4m
- Revenue
- $532.3k
- Investments
- $6.3m
- Employees
- 0
- Location
- Katonah, NY
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 22-3769645
Organization Overview
Adelson Family Foundation is located in Katonah, NY. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Adelson 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 12/2022, Adelson Family Foundation generated $532.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adelson Family Foundation has awarded 163 individual grants totaling $7,061,827. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Adelson Trustee | 1 | $0 | |
Nancy Adelson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,650 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,010 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $441,616 |
| Capital Gain Net Income | $441,616 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $532,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,286 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $19,936 |
| Contributions, gifts, grants paid | $1,203,427 |
| Total expenses and disbursements | $1,223,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,969 |
| 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 | $230,273 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,360,606 |
| 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, Adelson Family Foundation has awarded $1,203,427 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $500 |
ANTI-DEFAMATION LEAGUE PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $500,000 |
CAHN FELLOWS PROGRAMS CORPORATION PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $275,000 |
CAROLYN DORMAN DANCE PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $2,500 |
CITYMEALS ON WHEELS PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $5,000 |
DOCTORS WITHOUT BORDERS PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $2,500 |