Faigen Family Foundation Inc
- Assets
- $10.3m
- Revenue
- $1.4m
- Investments
- $8.8m
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 31-1509512
Organization Overview
Faigen Family Foundation Inc is located in West Palm Beach, FL. The organization was established in 1997. 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. Faigen Family Foundation Inc 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, Faigen Family Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Faigen Family Foundation Inc has awarded 56 individual grants totaling $6,198,006. 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 |
|---|---|---|---|
Lisa Seigel President | 1.5 | $0 | |
Dr Andrew Faigen Vice President | 0.5 | $0 | |
Dr Amanda Faigen Vice President | 0.5 | $0 | |
Brenda Mcgowan Vice President,secty,treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $162,208 |
| Dividends & Interest | $255,995 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $957,629 |
| Capital Gain Net Income | $1,063,573 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,375,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,207 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $97 |
| Total operating and administrative expenses | $117,513 |
| Contributions, gifts, grants paid | $2,001,982 |
| Total expenses and disbursements | $2,119,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,480,383 |
| 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 | $2,988 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $949,547 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,312,721 |
| 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 | $4,820 |
| Total liabilities | $4,820 |
Grants Awarded
Over the last fiscal year, Faigen Family Foundation Inc has awarded $2,001,982 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF HERZOG HOSPITAL PURPOSE: CHARITABLE | $20,000 |
BACK TO BASICS INC PURPOSE: CHARITABLE | $25,000 |
CATHOLIC CHARITIES OF PALM BEACH ELDER AFFAIRS PROGRAM PURPOSE: CHARITABLE | $15,000 |
DOCTORS WITHOUT BORDERS PURPOSE: CHARITABLE | $15,000 |
HEALING HEALTH CARE CENTER PURPOSE: CHARITABLE | $165,000 |
HOME SAFE PURPOSE: CHARITABLE | $30,000 |