Herman & Walter Samuelson Foundation Inc
- Assets
- $20.9m
- Revenue
- $2.5m
- Investments
- $20.1m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 09/2011
- Data as of
- 12/2022
- 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 12/2022, Herman & Walter Samuelson Foundation Inc generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Herman & Walter Samuelson Foundation Inc has awarded 214 individual grants totaling $14,429,000. 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 | $68,918 | |
Phyllis C Friedman Vp/secretary | 3 | $0 | |
Freddie J Traub Treasurer | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
T Rowe Price Associates Inc | 12/30/22 | $166,199 |
Friedman & Friedman Llp | 12/30/22 | $90,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,649 |
| Dividends & Interest | $498,563 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,023,785 |
| Capital Gain Net Income | $2,023,785 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,530,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $68,918 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $43,278 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $388,676 |
| Contributions, gifts, grants paid | $2,174,000 |
| Total expenses and disbursements | $2,562,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $741,631 |
| 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 | $20,881,585 |
| 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 $3,244,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: DEPARTMENT OF EMERGENCY MEDICINE | $800,000 |
Baltimore, MD PURPOSE: GRATEFUL PATIENT FUND | $400,000 |
Baltimore, MD PURPOSE: PROMISE PROJECT | $400,000 |
Baltimore, MD PURPOSE: GW REGIONAL MEDICAL CENTER | $280,000 |
Baltimore, MD PURPOSE: DEPARTMENT OF EMERGENCY MEDICINE | $200,000 |
Baltimore, MD PURPOSE: OSTEOGENESIS IMPERFECTA RESEARCH | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |