The Benedict Silverman Foundation
- Assets
- $38.1m
- Revenue
- $814.4k
- Investments
- $33.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-1441980
Organization Overview
The Benedict Silverman Foundation is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Benedict Silverman 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, Benedict Silverman Foundation generated $814.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $3.3m during the year ending 12/2022. While expenses have increased by 13.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Benedict Silverman Foundation has awarded 42 individual grants totaling $9,730,286. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
HELPING CHILDREN ACHIEVE LITERACY BY DISSEMINATING HIGH-QUALITY, COST-EFFECTIVE PROGRAMS FOR SCHOOLS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Bentzen President | 20 | $0 | |
Diane Archer Secretary | 2 | $0 | |
Allison Jaffin Trustee | 1 | $0 | |
Scott Harrison Trustee | 0.1 | $0 | |
Rhahime Bell Trustee | 0.15 | $0 | |
Stephen Presser Trustee | 0.15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Katherine P Miles | 12/30/22 | $171,500 |
Barsamian Communication | 12/30/22 | $137,861 |
Bank Of America | 12/30/22 | $81,744 |
Patterson Belknap Webb & Tyler | 12/30/22 | $73,193 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $729,839 |
| Interest on Savings | $0 |
| Dividends & Interest | $389,593 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,163,747 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $845,709 |
| Total Revenue | $814,394 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $541,496 |
| Pension plans, employee benefits | $84,406 |
| Interest | $0 |
| Taxes | $15,783 |
| Depreciation | $0 |
| Occupancy | $177,062 |
| Travel, conferences, and meetings | $10,832 |
| Printing and publications | $0 |
| Other expenses | $274,835 |
| Total operating and administrative expenses | $1,697,316 |
| Contributions, gifts, grants paid | $1,636,243 |
| Total expenses and disbursements | $3,333,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,961,670 |
| Savings and temporary cash investments | $3,073,920 |
| Net Accounts receivable | $20,532 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $3,441 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,297 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $15,139,074 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $95,980 |
| Total assets | $38,128,731 |
| 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 | $10,387 |
| Total liabilities | $10,387 |
Grants Awarded
Over the last fiscal year, The Benedict Silverman Foundation has awarded $1,636,243 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN UNIVERSITY PURPOSE: LITERACY PROGRAMMING | $127,217 |
ELIJAH'S PROMISE INC PURPOSE: MOBILE FOOD PANTRY | $78,000 |
GEORGIA GWINNETT COLLEGE FOUNDATION INC PURPOSE: LITERACY PROGRAMMING | $22,176 |
FUND FOR THE CITY OF NEW YORK PURPOSE: FOOD PANTRY | $100,000 |
IT TAKES A VILLAGE PURPOSE: SUPPORTING MENTAL HEALTH PROGRAMS IN SCHOOLS | $50,000 |
JOHNS HOPKINS UNIVERSITY & HEALTH SYSTEM PURPOSE: TUTORING PROGRAMS | $125,000 |