Marc And Jennifer Lipschultz Family Foundation

Organization Overview

Marc And Jennifer Lipschultz Family Foundation is located in Saratoga Springs, NY. The organization was established in 2011. 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. Marc And Jennifer Lipschultz 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, Marc And Jennifer Lipschultz Family Foundation generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 16.1% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT


UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,983,708
Interest on Savings $29,075
Dividends & Interest $210,412
Net Rental Income$0
Net Gain on Sale of Assets $1,751,567
Capital Gain Net Income $1,751,567
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $3,974,762

Grants Awarded

Over the last fiscal year, Marc And Jennifer Lipschultz Family Foundation has awarded $1,718,448 in support to 2 organizations.

Grant RecipientAmount

VARIOUS (SEE ATTACHED)

PURPOSE: GENERAL CHARITABLE PURPOSES

$901,296

VARIOUS NONCASH (SEE ATTACHED)

PURPOSE: GENERAL CHARITABLE PURPOSES

$817,152
View Grant Profile

Peer Organizations

Organization NameAssets
Carmel Hill Fund
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$52,940,362
Ronald S Lauder Foundation
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$11,404,418
Thomas L Kempner Jr Foundation Inc
Southampton, NY
$4,170,879
Connelly Foundation
West Conshohocken, PA
$27,891,431
John Simon Guggenhein Memorial Foundation
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$18,493,825
Samuel I Newhouse Foundation Inc
New York, NY
$16,985,943
Perelman Family Charitable Tr I
Garden City, NY
$9,110,635
Florence Gould Foundation
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-$3,240,432
Weill Family Foundation
Albany, NY
$8,335,073
Claude Worthington Benedum Foundation
Pittsburgh, PA
$5,453,349
Grable Foundation
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$9,531,881
Eastern Bank Charitable Foundation
Lynn, MA
$22,964,256
John R Oishei Foundation
Buffalo, NY
$15,989,814
Altman Foundation
New York, NY
$12,171,056
James And Merryl Tisch Foundation Inc
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$20,482,479
Van Beuren Charitable Foundation Inc
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$19,913,246
The Thompson Family Foundation Inc
New York, NY
$10,525,175
The Selz Foundation
New York, NY
$28,347,823
John And Mary R Markle Foundation
New York, NY
$13,071,766
Henry M Rowan Family Foundation Inc
Rancocas, NJ
$41,696,697
F M Kirby Foundation Inc
Morristown, NJ
$22,400,451
Alice M And Thomas J Tisch Foundation Inc
New York, NY
$21,993,699
Russell Sage Foundation
New York, NY
$12,817,899
Unbound Philanthropy
New York, NY
$7,349,099
Nick Simons Foundation
New York, NY
$12,723,775

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