Charles L And Joan M Hirsch Family Foundation
- Assets
- $980.1k
- Revenue
- $34.6k
- Investments
- $979.6k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 27-4313417
Organization Overview
Charles L And Joan M Hirsch Family Foundation is located in Cambridge, MA. The organization was established in 2011. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Charles L And Joan M Hirsch Family 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 12/2023, Charles L And Joan M Hirsch Family Foundation generated $34.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (41.8%) each year. All expenses for the organization totaled $62.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Charles L And Joan M Hirsch Family Foundation has awarded 57 individual grants totaling $315,000. 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 |
|---|---|---|---|
David Hirsch Vp, Secy, Di | 4 | $0 | |
Deborah H Peeples Treas & Dir | 4 | $0 | |
Nancy Hirsch Dir | 2 | $0 | |
Ron Peeples Dir | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $109 |
| Dividends & Interest | $25,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,982 |
| Capital Gain Net Income | $3,487 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $475 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,347 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,462 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $62,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $483 |
| 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 | $979,597 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $37 |
| Total assets | $980,117 |
| Accounts payable and accrued expenses | $1,747 |
| 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 | $1,747 |
Grants Awarded
Over the last fiscal year, Charles L And Joan M Hirsch Family Foundation has awarded $50,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WAY OUT LGBT FDN PURPOSE: SUPPORT | $5,000 |
TEMPLE BETH EL PURPOSE: SUPPORT | $5,000 |
LONG ISLAND CARES PURPOSE: SUPPORT | $5,000 |
HIAS PURPOSE: SUPPORT | $5,000 |
EVERYTOWN FOR GUN SAFETY PURPOSE: SUPPORT | $5,000 |
SOUTHERN POVERTY LAW CTR PURPOSE: SUPPORT | $5,000 |