Weitzman Family Foundation
- Assets
- $9.7m
- Revenue
- $1.6m
- Investments
- $6.7m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 05/2013
- Data as of
- 12/2023
- EIN
- 46-6477200
Organization Overview
Weitzman Family Foundation is located in Pennington, NJ. The organization was established in 2013. 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. Weitzman 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, Weitzman Family Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Weitzman Family Foundation has awarded 17 individual grants totaling $38,030,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $196,310 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $857,563 |
| Capital Gain Net Income | $857,563 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $526,662 |
| Total Revenue | $1,580,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,675 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $69,077 |
| Contributions, gifts, grants paid | $6,775,000 |
| Total expenses and disbursements | $6,844,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $3,028,728 |
| 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 | $6,690,559 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,719,288 |
| 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, Weitzman Family Foundation has awarded $6,775,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD MONUMENTS FUND PURPOSE: UNRESTRICTED GENERAL | $225,000 |
ITEC -ISRAEL TENNIS & EDUCATION CTRS FDN PURPOSE: UNRESTRICTED GENERAL | $3,050,000 |
WEILL CORNELL MEDICAL COLLEGE PURPOSE: UNRESTRICTED GENERAL | $1,000,000 |
ITREK-ENDOWMENT FUND OF MACCABI PURPOSE: UNRESTRICTED GENERAL | $2,500,000 |