Bern Schwartz Family Foundation
- Assets
- $4.8m
- Revenue
- -$438.6k
- Investments
- $3.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2015
- Data as of
- 12/2023
- EIN
- 47-1141878
Organization Overview
Bern Schwartz Family Foundation is located in Wilmington, DE. The organization was established in 2015. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Bern Schwartz 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.
Since 2016, Bern Schwartz Family Foundation has awarded 158 individual grants totaling $25,029,434. 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 |
|---|---|---|---|
Fred W Concklin Dir, Vp, Treas | 1 | $0 | |
Tilda R Orr Dir, Sec | 1 | $0 | |
Eric A Schwartz Dir, Pres | 1 | $0 | |
Michael L Schwartz Dir, Chairman, Grant Evaluator | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gawain Weaver Art Conservation | 12/30/22 | $54,338 |
Foundation Source | 12/30/22 | $52,617 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $358,930 |
| Interest on Savings | $348,122 |
| Dividends & Interest | $183,344 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,336,626 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,618 |
| Total Revenue | -$438,612 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $12,119 |
| Printing and publications | $150 |
| Other expenses | $50,948 |
| Total operating and administrative expenses | $184,052 |
| Contributions, gifts, grants paid | $13,833,679 |
| Total expenses and disbursements | $14,017,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $980,707 |
| 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 | $23,428 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,849,012 |
| 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, Bern Schwartz Family Foundation has awarded $13,833,679 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FEDERATION FOR CHILDREN GROWTH FUND INC PURPOSE: GENERAL & UNRESTRICTED | $500,000 |
AMERICAN GASTROENTEROLOGICAL ASSOCIATION INSTITUTE PURPOSE: ENDOWMENT OF THE AGA - BERN SCHWARTZ FAMILY FUND RESEARCH SCHOLAR AWARD IN PANCREATIC CANCER | $1,388,750 |
ARMAND HAMMER UNITED WORLD COLLEGE OF THE AMERICAN PURPOSE: MOUNTBATTEN MEMORIAL PRIZE AND STUDENT SCHOLARSHIP FUND | $50,000 |
BASIC FUND SCHOLARSHIP FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $1,500,000 |
CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY PURPOSE: GENERAL & UNRESTRICTED (GENERAL EXPLANATION) | $600 |
CROHN'S & COLITIS FOUNDATION OF AMERICA PURPOSE: DR. DAVID M. ROSEMAN MEMORIAL FUND | $25,000 |