The Meg And Bennett Goodman Family Foundation
- Assets
- $50.5m
- Revenue
- $11.0m
- Investments
- $24.0m
- Employees
- 0
- Location
- Jenkintown, PA
- Founding
- 07/2000
- Data as of
- 06/2020
- EIN
- 31-1702105
Organization Overview
The Meg And Bennett Goodman Family Foundation is located in Jenkintown, PA. The organization was established in 2000. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Meg And Bennett Goodman 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 06/2020, Meg And Bennett Goodman Family Foundation generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $3.2m during the year ending 06/2020. While expenses have increased by 11.6% per year over the past 6 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, Meg And Bennett Goodman Family Foundation has awarded 142 individual grants totaling $23,138,566. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MEG AND BENNETT GOODMAN FAMILY FOUNDATION IS TO PROVIDE SUPPORT FOR CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES. THE MEG AND BENNETT GOODMAN FAMILY FOUNDATION IS A SUPPORTING ORGANIZATION TO NATIONAL PHILANTHROPIC TRUST (NPT), AN INDEPENDENT, NATIONALLY RECOGNIZED, PUBLIC CHARITY WHOSE MISSION IS TO INCREASE PHILANTHROPY IN SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEG & BENNETT GOODMAN FAMILY FOUNDATION PROVIDED GRANTS TOTALING $577,202 TO ORGANIZATIONS TO PROVIDE CHARITABLE SUPPORT PRIMARILY IN THE AREAS OF ARTS AND CULTURE, EDUCATION AND PUBLIC SOCIETAL BENEFIT, ALL IN SUPPORT OF THE MISSION OF NPT, TO INCREASE PHILANTHROPY IN SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bennett Goodman Director, President | OfficerTrustee | 1 | $0 |
Rene J Paradis Treasurer | Officer | 3 | $0 |
Ellen M Mcguinn Asst. Treasurer | Officer | 3 | $0 |
Debra Falk Secretary | Officer | 3 | $0 |
Andrea C Rush Asst. Secretary | Officer | 3 | $0 |
Cecilia Mendez Hodes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,904,551 |
| Investment income | $912,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,188,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,004,981 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $294 |
| Fees for services: Accounting | $17,304 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,142 |
| Fees for services: Other | $2,500 |
| Advertising and promotion | $0 |
| Office expenses | $22 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $308 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $38,670 |
| All other expenses | $0 |
| Total functional expenses | $3,241,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,360,262 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,738 |
| Investments—publicly traded securities | $25,032,719 |
| Investments—other securities | $24,025,270 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,481 |
| Total assets | $50,458,470 |
| Accounts payable and accrued expenses | $884 |
| Grants payable | $3,042,725 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,241 |
| Total liabilities | $3,074,850 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $47,383,620 |
Grants Awarded
Over the last fiscal year, The Meg And Bennett Goodman Family Foundation has awarded $561,600 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: INTERNATIONAL | $200,000 |
New York, NY PURPOSE: PUBLIC, SOCIETAL BENEFIT | $150,000 |
New York, NY PURPOSE: CULTURE & ARTS | $65,948 |
New York, NY PURPOSE: CULTURE & ARTS | $60,652 |
New York, NY PURPOSE: EDUCATION | $50,000 |
Basalt, CO PURPOSE: PUBLIC, SOCIETAL BENEFIT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Meg And Bennett Goodman Family Foundation has recieved totaling $2,049,255.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $2,049,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |
The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |