Morton & Barbara Mandel Family Foundation

Organization Overview

Morton & Barbara Mandel Family Foundation is located in Cleveland, OH. The organization was established in 1965. 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. Morton & Barbara Mandel 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 12/2021, Morton & Barbara Mandel Family Foundation generated $61.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $15.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Morton & Barbara Mandel Family Foundation has awarded 417 individual grants totaling $58,229,213. 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 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

NONE


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Board, Officers & Key Employees

Name (title)Compensation
Karen A Vereb
Secretary
$0
Bradley S Smith
Trustee/pres
$0
Amy C Mandel
Trustee
$0
Thomas A Mandel
Trustee
$0
Stacy L Mandel
Trustee
$0
Angela A Weerasuriya
Asst. Secretary
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $1,565,004
Dividends & Interest $3,441,666
Net Rental Income$0
Net Gain on Sale of Assets $52,725,971
Capital Gain Net Income $52,725,971
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $4,102,016
Total Revenue $61,834,657

Grants Awarded

Over the last fiscal year, Morton & Barbara Mandel Family Foundation has awarded $7,473,223 in support to 109 organizations.

Grant RecipientAmount

A THERAPIST LIKE ME

PURPOSE: GENERAL OPERATING SUPPORT

$15,000

AKRON CIVIC THEATRE

PURPOSE: PROJECT SUPPORT

$50,000

AMERICAN FRIENDS OF THE HEBREW UNIVERSITY

PURPOSE: PROJECT SUPPORT

$50,000

ASHEVILLE CREATIVE ARTS

PURPOSE: PROJECT SUPPORT

$15,000

AMERICAN JEWISH WORLD SERVICE

PURPOSE: GENERAL OPERATING SUPPORT

$45,000

ASHEVILLE CREATIVE ARTS

PURPOSE: PROJECT SUPPORT

$12,400
View Grant Profile

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