Andrea L & Lawrence A Wolfe Family Foundation
- Assets
- $10.3m
- Revenue
- $546.8k
- Investments
- $9.9m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 12/1996
- Data as of
- 12/2023
- EIN
- 38-3323521
Organization Overview
Andrea L & Lawrence A Wolfe Family Foundation is located in Troy, MI. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Andrea L & Lawrence A Wolfe 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 12/2023, Andrea L & Lawrence A Wolfe Family Foundation generated $546.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $770.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Andrea L & Lawrence A Wolfe Family Foundation has awarded 401 individual grants totaling $4,903,409. 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 |
|---|---|---|---|
Andrea Wolfe Trustee - President | 0.25 | $0 | |
Lawrence A Wolfe Trustee - Secretary | 0.25 | $0 | |
Arthur A Weiss Trustee | 0.25 | $0 | |
Ericka Thacker Trustee | 0.25 | $0 | |
Jeremy Wolfe Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $333,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $212,959 |
| Capital Gain Net Income | $212,959 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $546,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $43 |
| Taxes | $7,771 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $64,227 |
| Total operating and administrative expenses | $76,041 |
| Contributions, gifts, grants paid | $694,682 |
| Total expenses and disbursements | $770,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $350,297 |
| 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 | $807,710 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,262,461 |
| 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, Andrea L & Lawrence A Wolfe Family Foundation has awarded $694,682 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
ADAT SHALOM SYNAGOGUE PURPOSE: TO SUPPORT THE JEWISH COMMUNITY | $240 |
ALZHEIMER'S ASSOCIATION PURPOSE: TO SUPPORT ALZHEIMER'S RESEARCH AND PROGRAM SERVICES | $10,000 |
AMERICAN FRIEDS OF RAMBAM PURPOSE: TO SUPPORT CHARITABLE FUNCTION | $10,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $85,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE (JDC) PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $10,000 |
BEACON ACADEMY PURPOSE: TO SUPPORT CHARITABLE PURPOSE | $5,000 |