Montefiore Foundation

Organization Overview

Montefiore Foundation is located in Beachwood, OH. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Montefiore Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montefiore 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, Montefiore Foundation generated $723.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Montefiore Foundation has awarded 16 individual grants totaling $12,206,603. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE MONTEFIORE FOUNDATION WAS ESTABLISHED TO PRESERVE ENDOWMENT FUNDS, TO PROVIDE FOR PROPER INVESTMENT OF ENDOWMENT FUNDS, TO ALLOCATE FUNDS TO MONTEFIORE IN ACCORDANCE WITH ITS NEEDS AND DONORS WISHES, TO INCREASE CHARITABLE SUPPORT THROUGH ENDOWMENT AND OTHER FUNDRAISING, AND TO INCREASE COMMUNITY AWARENESS AND SUPPORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MONTEFIORE FOUNDATION WAS ESTABLISHED TO PRESERVE ENDOWMENT FUNDS, TO PROVIDE FOR PROPER INVESTMENT OF ENDOWMENT FUNDS, TO ALLOCATE FUNDS TO MONTEFIORE IN ACCORDANCE WITH ITS NEEDS AND DONORS WISHES, TO INCREASE CHARITABLE SUPPORT THROUGH ENDOWMENT AND OTHER FUNDRAISING AND TO INCREASE COMMUNITY AWARENESS AND SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Debbie Rothschild
VP - Leadership & Giving
$64,130
Majorie Newman
Secretary
$0
Richard Rivitz
President
$0
Ellen Chernikoff
Trustee
$0
Kenneth Cohen
Trustee
$0
Jeff Davis
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$837,946
Investment income $82,535
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$197,447
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $723,034

Grants Awarded

Over the last fiscal year, Montefiore Foundation has awarded $510,988 in support to 2 organizations.

Grant RecipientAmount

Beachwood, OH

PURPOSE: Program Support

$502,987

MONTEFIORE HOUSING CORPORATION

Org PageRecipient Profile

Beachwood, OH

PURPOSE: Program Support

$8,001
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Montefiore Foundation has recieved totaling $2,500.

Awarding OrganizationAmount
William M Weiss Foundation

Russell Twp, OH

PURPOSE: CHARITABLE

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,489,906
Earnings$2,127,151
Net Contributions$38,764
Other Expense$406,819
Ending Balance$10,249,002

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