Blitzer Family Foundation
- Assets
- $7.6m
- Revenue
- $81.8k
- Investments
- $4.7m
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 47-1261557
Organization Overview
Blitzer Family Foundation is located in Old Greenwich, CT. The organization was established in 2014. 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. Blitzer 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 12/2022, Blitzer Family Foundation generated $81.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (42.7%) each year. All expenses for the organization totaled $724.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Blitzer Family Foundation has awarded 43 individual grants totaling $3,100,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David S Blitzer President | 0.75 | $0 | |
Allison Blitzer Treasurer | 0.75 | $0 | |
Laurie Blitzer Secretary | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,790 |
| Interest on Savings | $4,903 |
| Dividends & Interest | $34,043 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,078 |
| Capital Gain Net Income | $19,078 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $60,419 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,787 |
| Total operating and administrative expenses | $89,206 |
| Contributions, gifts, grants paid | $635,000 |
| Total expenses and disbursements | $724,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,496 |
| Savings and temporary cash investments | $2,881,759 |
| 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 | $4,730,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,644,888 |
| 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, Blitzer Family Foundation has awarded $635,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PHILADELPHIA YOUTH BASKETBALL INC PURPOSE: UNRESTRICTED | $100,000 |
DREAM CHARTER SCHOOL PURPOSE: UNRESTRICTED | $250,000 |
RIVERDALE COUNTRY SCHOOL PURPOSE: UNRESTRICTED | $50,000 |
PROJECT MORRY PURPOSE: UNRESTRICTED | $200,000 |
YOUNG TALENT INC PURPOSE: UNRESTRICTED | $25,000 |
CLEVELAND GUARDIANS CHARITIES PURPOSE: UNRESTRICTED | $10,000 |