Arthur N Hershaft Foundation
- Assets
- $267.0k
- Revenue
- $42.3k
- Investments
- $159.9k
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 22-6462965
Organization Overview
Arthur N Hershaft Foundation is located in Palm Beach, FL. The organization was established in 0000. 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. Arthur N Hershaft 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, Arthur N Hershaft Foundation generated $42.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.9%) each year. All expenses for the organization totaled $125.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (27.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Arthur N Hershaft Foundation has awarded 115 individual grants totaling $1,404,123. 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 |
|---|---|---|---|
Arthur N Hershaft Trustee | 0 | $0 | |
Janet Hershaft Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,269 |
| Dividends & Interest | $4,006 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,046 |
| Capital Gain Net Income | $35,046 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,321 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,804 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,870 |
| Total operating and administrative expenses | $7,404 |
| Contributions, gifts, grants paid | $117,817 |
| Total expenses and disbursements | $125,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,420 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $63,672 |
| Total assets | $266,969 |
| 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, Arthur N Hershaft Foundation has awarded $117,817 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: GEN. CHARITABLE | $2,820 |
NORTON MUSEUM OF ARTS PURPOSE: GEN. CHARITABLE | $14,500 |
LUSTGARTEN FOUNDATION PURPOSE: GEN. CHARITABLE | $5,600 |
BRUCE MARSAH MOSKOWITZ FOUNDATION PURPOSE: GEN. CHARITABLE | $5,000 |
COLUMBIA UNIVERSITY PURPOSE: GEN. CHARITABLE | $20,000 |
GATESTONE INSTITUTE PURPOSE: GEN. CHARITABLE | $5,000 |