Herman & Walter Samuelson Foundation Inc
- Assets
- $21.6m
- Revenue
- $3.0m
- Investments
- $21.0m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 45-2402050
Organization Overview
Herman & Walter Samuelson Foundation Inc is located in Towson, MD. 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. Herman & Walter Samuelson Foundation Inc 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, Herman & Walter Samuelson Foundation Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 5 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 2020, Herman & Walter Samuelson Foundation Inc has awarded 174 individual grants totaling $15,420,509. 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 |
|---|---|---|---|
Louis F Friedman President | 3.5 | $0 | |
Phyllis C Friedman Vp/secretary | 3 | $0 | |
Freddie J Traub Treasurer | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Friedman & Friedman Llp | 12/30/23 | $142,748 |
T Rowe Price Associates Inc | 12/30/23 | $133,385 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,778 |
| Dividends & Interest | $476,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,497,696 |
| Capital Gain Net Income | $2,497,696 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,006,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,905 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $341,251 |
| Contributions, gifts, grants paid | $1,901,509 |
| Total expenses and disbursements | $2,242,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $619,033 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,645,076 |
| 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, Herman & Walter Samuelson Foundation Inc has awarded $6,851,509 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER BALTIMORE MEDICAL CENTER PURPOSE: GECKLE DIABETES CENTER | $50,000 |
HAR SINAI-OHEB SHALOM CONGREGATION PURPOSE: HOMELESS CHILDREN BACKPACK PROGRAM | $5,000 |
JEWELS SCHOOL PURPOSE: PRE-SCHOOL | $10,000 |
TORAH INSTITUTE OF BALTIMORE PURPOSE: GYM FLOOR RESURFACING | $20,000 |
BAIS YAAKOV SCHOOL FOR GIRLS PURPOSE: MIDDLE SCHOOL BUILDING | $20,000 |
UNIV OF MD BALTIMORE FOUNDATION PURPOSE: AWARD DINNER | $5,000 |