Ravitz Foundation
- Assets
- $32.0m
- Revenue
- $4.3m
- Investments
- $30.2m
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 38-3508943
Organization Overview
Ravitz Foundation is located in Farmington Hills, MI. The organization was established in 2000. 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. Ravitz 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, Ravitz Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ravitz Foundation has awarded 543 individual grants totaling $19,915,233. 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 |
|---|---|---|---|
Bruce Gelbaugh Treasurer/director | 20 | $91,250 | |
Carole Shifman Program Director/director | 30 | $87,250 | |
Burton Shifman President/director | 15 | $19,250 | |
Steve Margolin Director | 1 | $5,000 | |
Jonathan Aaron Secretary/director | 1 | $5,000 | |
Brian H Aaron Director | 1 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comerica Bank | 12/30/18 | $95,321 |
Morgan Stanley | 12/30/18 | $110,241 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,828 |
| Dividends & Interest | $1,167,652 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,148,469 |
| Capital Gain Net Income | $3,148,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,323,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $23,719 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $15,300 |
| Travel, conferences, and meetings | $373 |
| Printing and publications | $0 |
| Other expenses | $22,551 |
| Total operating and administrative expenses | $528,261 |
| Contributions, gifts, grants paid | $2,340,000 |
| Total expenses and disbursements | $2,868,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $520,916 |
| Savings and temporary cash investments | $1,291,638 |
| 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 | $21,039,925 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,988,342 |
| 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 | $2,001 |
| Total liabilities | $2,001 |
Grants Awarded
Over the last fiscal year, Ravitz Foundation has awarded $2,340,000 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
TAMARACK CAMPS PURPOSE: CAMP SCHOLARSHIPS | $250,000 |
Farmington Hills, MI PURPOSE: VIRTUAL MUSEUM EXPERIENCE | $150,000 |
ISAAC AGREE DOWNTOWN SYNAGOGUE PURPOSE: ESTABLISHING SHARED WORKSPACE AND COLLABORATION MODEL | $120,000 |
HILLEL CAMPUS ALLIANCE OF MICHIGAN PURPOSE: ENGAGEMENT STRATEGY | $115,000 |
New York, NY PURPOSE: FIGHTING HATE AND ANTISEMITISM | $100,000 |
JEWISH SENIOR LIFE PURPOSE: FOOD SUBSIDY PROGRAM | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |