Shear Family Foundation Inc
- Assets
- $0.0
- Revenue
- $16.6m
- Investments
- $217.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-1833006
Organization Overview
Shear Family Foundation Inc is located in Pittsburgh, PA. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shear Family 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 12/2021, Shear Family Foundation Inc generated $16.6m 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 (27.8%) each year. All expenses for the organization totaled $12.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shear Family Foundation Inc has awarded 478 individual grants totaling $53,706,068. 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 |
|---|---|---|---|
Barbara S Shear President | 0.4 | $0 | |
Gerald A Shear Vice President | 0.4 | $0 | |
John A Shear Vice President | 0.4 | $0 | |
Andrea Glickman Secretary | 40 | $140,670 | |
Herbert S Shear Treasurer | 0.4 | $0 | |
Richard L Roadarmel Asst. Secr./asst. Treasurer | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $1,107,753 |
| Dividends & Interest | $2,822,241 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,260,622 |
| Total Revenue | $16,595,601 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $117,300 |
| Pension plans, employee benefits | $25,532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $4,237,897 |
| Contributions, gifts, grants paid | $8,475,000 |
| Total expenses and disbursements | $12,712,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,058,785 |
| Investments—mortgage loans | $0 |
| Investments—other | $133,905,418 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Shear Family Foundation Inc has awarded $9,500,000 in support to 70 organizations.
| Grant Recipient | Amount |
|---|---|
ALL FAITHS FOOD BANK PURPOSE: HURRICANE IAN RELIEF | $50,000 |
ALPERT JEWISH FAMILY & CHILDRENS SERVICES PALM BEACH CTY PURPOSE: FOOD INSECURITY | $250,000 |
AMATEUR HOCKEY ASSOC ILLINOIS INC PURPOSE: EQUIPMENT | $5,000 |
AMERICAN FRIENDS OF ISRAEL SPORT CENTER FOR THE DISABLED PURPOSE: REHABILITATION- PHYSICAL AND EMOTIONAL THROUGH SPORTS | $125,000 |
AMERIAN ISRAEL EDUCATION FUND PURPOSE: AIEF | $400,000 |
AMERICAN FRIENDS OF LEKET ISRAEL INC PURPOSE: FOOD INSECURITY | $705,500 |