Lester Poretsky Family Foundation Inc

Organization Overview

Lester Poretsky Family Foundation Inc is located in Potomac, MD. The organization was established in 1988. 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. Lester Poretsky 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 12/2022, Lester Poretsky Family Foundation Inc generated $492.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $236.8k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Lester Poretsky Family Foundation Inc has awarded 1,048 individual grants totaling $1,968,954. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $277,096
Interest on Savings $10
Dividends & Interest $10,524
Net Rental Income$0
Net Gain on Sale of Assets $204,935
Capital Gain Net Income $204,935
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $92
Total Revenue $492,657

Grants Awarded

Over the last fiscal year, Lester Poretsky Family Foundation Inc has awarded $226,949 in support to 186 organizations.

Grant RecipientAmount

BREAD FOR THE CITY

PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION

$5,000

OXFAM AMERICA

PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION

$1,000

DOCTORS WITHOUT BORDERS MEDECINS SANS FRONTIERES

PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION

$5,000

UNION OF CONCERNED SCIENTISTS

PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION

$5,000

ACLU FOUNDATION

PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION

$1,000

MEMORIAL SLOAN-KETTERING CANCER CENTER

PURPOSE: SUPPORT OF SEC. 501(C)(3) ORGANIZATION

$1,500
View Grant Profile

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