Walter And Lucille Rubin Foundationinc
- Assets
- $11.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 26-0369836
The information for Walter And Lucille Rubin Foundation Inc is as of the organization's most recent filing in December 2021. This organization is located in Washington, DC. It has been in existence for 14 years, following its founding in 2007.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Walter And Lucille Rubin Foundationinc's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Additionally, the organization is classified as a 501(c)(3) organization according to the Internal Revenue Code, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
The Walter And Lucille Rubin Foundation Inc. has a grant history spanning five years. Over this period, they have awarded a total of 150 grants, with an average check size of $24,618. On average, the organization awards 30 grants each year. The majority of their grants are allocated to the Arts, Culture & Humanities sector (13), followed by Health Care (11) and Voluntary Health Associations & Medical Disciplines (2). In terms of geographical distribution, the foundation has awarded the highest number of grants in New York (25) and Florida (78), with other notable states including Maryland (7), Massachusetts (9), and Minnesota (6). Additionally, they have awarded grants in Washington, D.C. (10), Tennessee (5), Texas (3), Oregon (1), New Jersey (1), Georgia (2), Illinois (1), and California (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Rubin Director | 4 | $0 | |
Darrell Horn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $655 |
| Dividends & Interest | $151,472 |
| Net Rental Income | $62,985 |
| Net Gain on Sale of Assets | $4,438,931 |
| Capital Gain Net Income | $4,438,931 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,798,806 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $15,189 |
| Taxes | $194,775 |
| Depreciation | $41,680 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91,406 |
| Total operating and administrative expenses | $1,063,458 |
| Contributions, gifts, grants paid | $1,066,233 |
| Total expenses and disbursements | $2,129,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,640,705 |
| 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 | $1,490,452 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $172,682 |
| Total assets | $11,303,839 |
| 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 Lucille Rubin Foundationinc has awarded $1,066,233 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE DONEE | $239,053 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE DONEE | $128,106 |
JOHNS HOPKINS - JAMES BUCHANAN BRADY UROLOGICAL INSTITUTE PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE DONEE | $103,106 |
Boca Raton, FL PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE DONEE | $103,106 |
Dallas, TX PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE DONEE | $78,106 |
Rochester, MN PURPOSE: TO FURTHER THE CHARITABLE PURPOSE OF THE DONEE | $69,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |