Adelson Family Foundation
- Assets
- $7.1m
- Revenue
- $626.5k
- Investments
- $7.0m
- Employees
- 0
- Location
- Katonah, NY
- Founding
- 03/2001
- Data as of
- 12/2021
- 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 12/2021, Adelson Family Foundation generated $626.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Adelson Family Foundation has awarded 113 individual grants totaling $5,068,400. 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
2021
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 | $5,755 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $503,415 |
| Capital Gain Net Income | $503,415 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $626,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,045 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $9,800 |
| Contributions, gifts, grants paid | $1,221,100 |
| Total expenses and disbursements | $1,230,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,672 |
| 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 | $249,997 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,051,693 |
| 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 $1,221,100 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $500,000 |
THE HASTINGS CENTER PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $275,000 |
New York, NY PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $175,000 |
GRASSROOTS BUSINESS PARTNERS INC PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $100,000 |
UJA FEDERATION OF NEW YORK PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $50,000 |
INTERNATIONAL RESCUE COMMUNITY PURPOSE: TO ASSIST IN THE PURPOSE OF THE CHARITY | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Massmutual Foundation Inc Springfield, MA | $16,295,000 | $8,380,000 |
Brooklyn Community Foundation Brooklyn, NY | $117,862,940 | $42,787,989 |
The@macmillan Family Foundation Inc New York, NY | $313,323,783 | $55,336,840 |
Foundation For Opioid Response Efforts New York, NY | $121,364,686 | $9,522,193 |
Friends Of Ahavat Shalom Inc Monsey, NY | $3,129,424 | $10,586,531 |
Barnett & Annalee Newman Foundation Tr New York, NY | $11,118,262 | $1,105,539 |
Zimmer Family Foundation Inc Saddle River, NJ | $21,093,817 | $10,817,000 |
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |