Lippman Kanfer Family Foundation
- Assets
- $7.3m
- Revenue
- $889.0k
- Investments
- $6.9m
- Employees
- 0
- Location
- Orange Village, OH
- Founding
- 05/1966
- Data as of
- 12/2022
- EIN
- 34-0974875
Organization Overview
Lippman Kanfer Family Foundation is located in Orange Village, OH. The organization was established in 1966. 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. Lippman Kanfer 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 12/2022, Lippman Kanfer Family Foundation generated $889.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lippman Kanfer Family Foundation has awarded 249 individual grants totaling $19,774,241. 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 |
|---|---|---|---|
Donny Zigdon Director | 1 | $0 | |
Jaron Kanfer Director | 1 | $0 | |
Joseph Kanfer Director | 1 | $0 | |
Joshua Rolnick Director | 1 | $0 | |
Justin Stewart Director | 1 | $0 | |
Ketti Zigdon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,583 |
| Dividends & Interest | $130,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $615,692 |
| Capital Gain Net Income | $615,692 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $141,316 |
| Total Revenue | $888,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $113,320 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,798 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,232 |
| Total operating and administrative expenses | $181,250 |
| Contributions, gifts, grants paid | $1,381,800 |
| Total expenses and disbursements | $1,563,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,391 |
| 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 | $6,933,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,263,704 |
| 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, Lippman Kanfer Family Foundation has awarded $1,381,800 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BETH EL CONGREGATION PURPOSE: GENERAL | $4,400 |
CHAUTAUQUA FOUNDATION PURPOSE: GENERAL | $100,000 |
EVERETT CENTER PURPOSE: GENERAL | $1,800 |
HILLEL AT KENT STATE UNIVERSITY PURPOSE: GENERAL | $10,000 |
JCBA PURPOSE: GENERAL | $310,000 |
LIPPMAN DAY SCHOOL PURPOSE: GENERAL | $405,000 |