The@elizabeth O Shear Foundation

Organization Overview

The@elizabeth O Shear Foundation is located in Somers Point, NJ. The organization was established in 1999. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. The@elizabeth O Shear 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, The@elizabeth O Shear Foundation generated $250.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.4% each year . All expenses for the organization totaled $163.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, The@elizabeth O Shear Foundation has awarded 508 individual grants totaling $1,587,356. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS AWARDED TO QUALIFIED HIGH SCHOOL GRADUATES WERE PAID DIRECTLY TO THE COLLEGES AND UNIVERSITIES THAT THOSE STUDENTS ATTENDED.


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Board, Officers & Key Employees

Name (title)Compensation
Alan S Gerber
Trustee
$0
Barbara Freedman Gerber
Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $250,000
Interest on Savings $8
Dividends & Interest $0
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 $250,008

Grants Awarded

Over the last fiscal year, The@elizabeth O Shear Foundation has awarded $136,563 in support to 52 organizations.

Grant RecipientAmount

WILLIAM J SIMUNEK

PURPOSE: SCHOLARSHIP

$5,000

JOSEPH NAGY

PURPOSE: SCHOLARSHIP

$5,000

CHELSEA PACHAS

PURPOSE: SCHOLARSHIP

$5,000

CATHERINE COVERDALE

PURPOSE: SCHOLARSHIP

$3,750

DANIELLE BOSLAND

PURPOSE: SCHOLARSHIP

$3,750

MATTHEW D PIERRO

PURPOSE: SCHOLARSHIP

$3,750
View Grant Profile

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$20,725,290
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$33,382,644
Bam Endowment Trust
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$5,566,840

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