Herman & Helen Lipsitz Charitable Trust
- Assets
- $4.1m
- Revenue
- $241.6k
- Investments
- $3.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/1972
- Data as of
- 12/2022
- EIN
- 25-6134327
Organization Overview
Herman & Helen Lipsitz Charitable Trust is located in Pittsburgh, PA. The organization was established in 1972. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Herman & Helen Lipsitz Charitable Trust 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, Herman & Helen Lipsitz Charitable Trust generated $241.6k 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 (4.0%) each year. All expenses for the organization totaled $609.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Herman & Helen Lipsitz Charitable Trust has awarded 295 individual grants totaling $5,588,515. 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 |
|---|---|---|---|
Barbara Katch Trustee | 20 | $0 | |
Michael Katch Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,300 |
| Interest on Savings | $6,497 |
| Dividends & Interest | $111,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $152,147 |
| Capital Gain Net Income | $152,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$79,145 |
| Total Revenue | $241,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,841 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $738 |
| Total operating and administrative expenses | $28,784 |
| Contributions, gifts, grants paid | $580,350 |
| Total expenses and disbursements | $609,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $408,803 |
| Savings and temporary cash investments | $1,761 |
| 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 | $2,215,909 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $346,018 |
| Total assets | $4,142,567 |
| 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, Herman & Helen Lipsitz Charitable Trust has awarded $580,350 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ALEPH INSTITUTE PURPOSE: RELIGIOUS COMMUNITY SERVICE | $5,000 |
BNEI EMUNAH CHABAD PURPOSE: RELIGIOUS COMMUNITY SERVICE | $21,750 |
CAMP GAN ISRAEL FC PURPOSE: RELIGIOUS COMMUNITY SERVICE | $20,000 |
CHABAD OF MONROEVILLE PURPOSE: RELIGIOUS COMMUNITY SERVICE | $10,100 |
CHABAD OF PSU PURPOSE: RELIGIOUS COMMUNITY SERVICE | $7,000 |
CHABAD OF THE SOUTH HILLS PURPOSE: RELIGIOUS COMMUNITY SERVICE | $14,050 |