Fredman Family Foundation Inc
- Assets
- $45.2m
- Revenue
- -$648.6k
- Investments
- $41.7m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 10/2010
- Data as of
- 12/2020
- EIN
- 27-1430745
The information for Fredman Family Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Coral Gables, FL. It has been in existence for 11 years, following its founding in 2010.
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 Fredman Family Foundation Inc is a Private Grantmaking Foundation classified under the NTEE code T20. As a philanthropic organization, they focus on philanthropy, voluntarism, and grantmaking. The foundation is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Their primary goal is to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is a 501(c)(3) organization, meaning they engage in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work.
Grant History
Our dataset includes three years of grant history for the Fredman Family Foundation Inc. In those three years, they have awarded a total of 83 grants, with an average check size of $77,586. The foundation awards an average of 28 grants each year. The grants are distributed across various NTEE sectors, with the highest number of awards in the Environment sector (9), followed by Education (7) and International, Foreign Affairs & National Security (7). In terms of geographical distribution, the foundation has awarded the most grants in New York (16) and California (15), with Rhode Island (5) and Florida (13) also receiving a significant number of grants. Other states that have received grants from the foundation include Colorado (11), Washington D.C. (3), Maryland (1), Massachusetts (6), Washington (3), Alabama (1), Virginia (4), Louisiana (3), Illinois (1), and New Jersey (1).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerin Mccarthy Fredman Director | 1 | $0 | |
Lauren Huot Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/21 | $75,338 |
Pkf O'connor Davies Llp | 12/30/21 | $52,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,307 |
| Dividends & Interest | $423,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,617,859 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $509,330 |
| Total Revenue | -$648,583 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,492 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $270,901 |
| Contributions, gifts, grants paid | $2,189,800 |
| Total expenses and disbursements | $2,460,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,019,905 |
| 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 | $12,926,610 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $483,628 |
| Total assets | $45,184,361 |
| 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 | $835 |
| Total liabilities | $835 |
Grants Awarded
Over the last fiscal year, Fredman Family Foundation Inc has awarded $1,833,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: DONATION TO SUPPORT THE HEALTHCARE TRANSFORMATION LAB, WHICH WAS CREATED TO IMPROVE THE EXPERIENCE AND VALUE OF HEALTHCARE BY INSPIRING COLLABORATIVE INNOVTION AND LEVERAGING NOVEL TECHNOLOGIES. | $500,000 |
Manhattan Beach, CA PURPOSE: DONATION TO SUPPORT PANCAN IN ADVANCING VITAL RESEARCH, ADVOCACY, AND PATIENT-CARE PROGRAMS. | $300,000 |
Oakland, CA PURPOSE: TO PROVIDE ACADEMIC, COLLEGE-ACCESS AND PEER-MONITORING PROGRAMS TO HELP UNDER-SOURCED STUDENTS SUCCEED IN COLLEGE. | $250,000 |
UNIVERSITY OF MIAMI SCHOOL OF LAW PURPOSE: DONATION TO SUPPORT THE ENVIRONMENTAL JUSTICE CLINIC/LECTURER FUND AT UNIVERSITY OF MIAMI SCHOOL OF LAW. THE FOUNDATION PROVIDES RIGHTS EDUCATION, INTERDISCIPLINARY RESEARCH, POLICY RESOURCES, AND ADVOCACY ASSISTANCE TO UNDERSERVED LOW AND MODERATE INCOME COMMUNITIES. | $100,000 |
New York, NY PURPOSE: DONATION TO SUPPORT THE ROBIN HOOD'S COVID-19 RELIEF FUND. | $100,000 |
THE TROY ANDREWS FOUNDATION INC PURPOSE: TO SUPPORT THE FREDMAN MUSIC INSTITUTE WHICH PROVIDES MUSIC EDUCATION PROGRAMS TO CHILDREN TO FOSTER CONTINUAL LEARNING. | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |