Edelman Fam Foundation
- Assets
- $96.7m
- Revenue
- $3.0m
- Investments
- $85.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 37-6624335
Organization Overview
Edelman Fam Foundation is located in New York, NY. The organization was established in 2017. 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. Edelman Fam 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, Edelman Fam Foundation generated $3.0m 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 (32.2%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Edelman Fam Foundation has awarded 224 individual grants totaling $35,359,920. 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 |
|---|---|---|---|
Joseph Edelman Trustee | 1 | $0 | |
Susan H Lebovitz-Edelman Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,622,047 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,341,107 |
| Capital Gain Net Income | $1,341,107 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,963,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $134,361 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $597,792 |
| Total operating and administrative expenses | $732,153 |
| Contributions, gifts, grants paid | $8,320,300 |
| Total expenses and disbursements | $9,052,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,508,963 |
| 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 | $85,145,949 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $96,654,912 |
| 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, Edelman Fam Foundation has awarded $8,320,300 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: TO PROVIDE SUPPORT EMERGENCY RELIEF EFFORTS IN UKRAINE | $25,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO SUPPORT GENERAL OPERATING SUPPORT | $500,000 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: TO PROVIDE GENERAL SUPPORT FOR ENDING CHILD, EARLY AND FORCED MARRIAGE AND UNIONS IN INDIA | $300,000 |
AMERICAN STUDIO PURPOSE: TO SUPPORT GENERAL OPERATING SUPPORT | $150,000 |
BROWN UNIVERSITY PURPOSE: FOR EDUCATIONAL RESEARCH AND SCHOLARSHIP FUNDING | $800,000 |
CATO INSTITUTE PURPOSE: FTO PROVIDE SUPPORT OR CHALLENGE GRANT FOR PROJECT SPHERE | $100,000 |