Fineberg Foundation
- Assets
- $33.5m
- Revenue
- $2.7m
- Investments
- $32.8m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 27-6816503
Organization Overview
Fineberg Foundation is located in Los Angeles, CA. The organization was established in 2011. 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. Fineberg 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 12/2021, Fineberg Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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 2015, Fineberg Foundation has awarded 80 individual grants totaling $9,491,804. 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 |
|---|---|---|---|
Rodney Chase Trustee | 3 | $160,000 | |
Harvey Glasner Trustee | 1 | $53,334 | |
Malka Stromer Trustee | 1 | $53,333 | |
Ian Glasner Trustee | 1 | $53,333 | |
Mark Chase Trustee | 0 | $0 | |
Michael Chase Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $919,680 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,724,567 |
| Capital Gain Net Income | $1,724,567 |
| Net ST Capital Gain | $123,725 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $100,230 |
| Total Revenue | $2,744,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $320,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,926 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $119,879 |
| Total operating and administrative expenses | $485,944 |
| Contributions, gifts, grants paid | $1,641,600 |
| Total expenses and disbursements | $2,127,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $693,439 |
| 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 | $12,762,351 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $62,299 |
| Total assets | $33,545,361 |
| 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 | $24,563 |
| Total liabilities | $24,563 |
Grants Awarded
Over the last fiscal year, Fineberg Foundation has awarded $1,641,600 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: EDUCATIONAL | $300,000 |
Los Angeles, CA PURPOSE: MEDICAL | $300,000 |
New York, NY PURPOSE: COMMUNITY BENEFIT | $260,000 |
JEWISH FEDERATION PURPOSE: COMMUNITY BENEFIT | $200,000 |
CLEVELAND CLINIC PURPOSE: RESEARCH | $200,000 |
JEWISH NATIONAL FUND PURPOSE: COMMUNITY BENEFIT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |