Walter And Karla Goldschmidt Foundation
- Assets
- $32.9m
- Revenue
- $3.1m
- Investments
- $32.5m
- Employees
- 0
- Location
- Glencoe, IL
- Founding
- 01/1975
- Data as of
- 11/2023
- EIN
- 23-7410867
Organization Overview
Walter And Karla Goldschmidt Foundation is located in Glencoe, IL. The organization was established in 1975. 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. Walter And Karla Goldschmidt 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 11/2023, Walter And Karla Goldschmidt Foundation generated $3.1m 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 (7.6%) each year. All expenses for the organization totaled $2.9m during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Walter And Karla Goldschmidt Foundation has awarded 494 individual grants totaling $10,370,087. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Goldschmidt President | 30 | $0 | |
Susan Goldschmidt Secretary | 0 | $0 | |
Susan Goldschmidt Director | 0 | $0 | |
Miles Taub Vice President | 40 | $0 | |
Miles Taub Director | 0 | $0 | |
Miles Taub Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $467,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,588,026 |
| Capital Gain Net Income | $2,588,026 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,055,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $169 |
| Taxes | $553 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $549 |
| Printing and publications | $0 |
| Other expenses | $1,067 |
| Total operating and administrative expenses | $321,627 |
| Contributions, gifts, grants paid | $2,585,500 |
| Total expenses and disbursements | $2,907,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,071 |
| Savings and temporary cash investments | $156,282 |
| 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 | $143,919 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,895 |
| Total assets | $32,875,796 |
| 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, Walter And Karla Goldschmidt Foundation has awarded $2,585,500 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
A SILVER LINING FOUNDATION PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $5,000 |
ADOPTION CENTER OF ILLINOIS PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $10,000 |
AMERICAN FILM INSTITUTE PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,000 |
AMERICAN RED CROSS PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $20,000 |
ADVANCE ILLINOIS PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $35,000 |
ANACOSTIA WATERSHED SOCIETY PURPOSE: ACTIVITIES OF THE ORGANIZATION TO WHICH MONEY WAS DONATED | $1,000 |