Herbert H Schiff Foundation
- Assets
- $8.2m
- Revenue
- $676.5k
- Investments
- $8.1m
- Employees
- 0
- Location
- Dublin, OH
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 31-1451553
Organization Overview
Herbert H Schiff Foundation is located in Dublin, OH. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Herbert H Schiff 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, Herbert H Schiff Foundation generated $676.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $598.6k during the year ending 12/2023. While expenses have increased by 3.7% 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 2020, Herbert H Schiff Foundation has awarded 48 individual grants totaling $1,862,572. 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 |
|---|---|---|---|
Sue L Norris Trustee | 1 | $30,780 | |
Sue Gallant Trustee | 1 | $0 | |
Laura L Hershorin Trustee | 1 | $0 | |
Jane Schiff Trustee | 1 | $0 | |
William K Burton Trustee | 1 | $30,780 | |
Fredrick L Fisher Trustee | 1 | $30,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,109 |
| Dividends & Interest | $170,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $482,641 |
| Capital Gain Net Income | $482,641 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,837 |
| Total Revenue | $676,543 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,340 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $200 |
| Total operating and administrative expenses | $141,479 |
| Contributions, gifts, grants paid | $457,143 |
| Total expenses and disbursements | $598,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,319 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,160,740 |
| 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, Herbert H Schiff Foundation has awarded $457,143 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NORMAN CARE-A-VANS PURPOSE: VAN/MAINTENANCE | $22,500 |
TEMPLE ADAT ELOHIM PURPOSE: GENERAL CHARITABLE PURPOSES | $7,500 |
ELIZABETH FREEMAN CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $7,500 |
IRIS PURPOSE: HOUSING/MIDDLETOWN | $80,000 |
HERSHORIN SCHIFF DAY SCOOLS OF TOMO PURPOSE: GENERAL CHARITABLE PURPOSES | $57,143 |
LIFETOWN COLUMBUS PURPOSE: SCHIFF ARTS CENTER DONATION | $75,000 |