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 12/2021, Lester Poretsky Family Foundation Inc generated $358.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $324.3k during the year ending 12/2021. While expenses have increased by 15.9% 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 862 individual grants totaling $1,742,005. 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

2021

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 $330,000
Interest on Savings $4
Dividends & Interest $10,286
Net Rental Income$0
Net Gain on Sale of Assets $17,093
Capital Gain Net Income $17,093
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $573
Total Revenue $357,956

Grants Awarded

Over the last fiscal year, Lester Poretsky Family Foundation Inc has awarded $314,225 in support to 169 organizations.

Grant RecipientAmount

New York, NY

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

$10,000

DOCTORS WITHOUT BORDERS MEDECINS SANS FRONTIERES

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

$10,000

MONTGOMERY COUNTY COALITION FOR THE HOMELESS

Org PageRecipient Profile

Rockville, MD

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

$8,500

BREAD FOR THE CITY

Org PageRecipient Profile

Washington, DC

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

$7,000

FISHER HOUSE FOUNDATIONINC

Org PageRecipient Profile

Rockville, MD

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

$7,000

CAPITAL AREA FOOD BANK

Org PageRecipient Profile

Washington, DC

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

$6,000
View Grant Profile

Peer Organizations

Organization NameAssets
Msi-Us
Washington, DC
$71,292,993
Oberkotter Foundation
Philadelphia, PA
$23,009,013
Pnc Foundation
Pittsburgh, PA
$3,451,991
Peter Alfond Foundation
Bethesda, MD
$129,307,233
Bhp Foundation
Washington, DC
$68,102,954
Wyss Medical Foundation Inc
Washington, DC
$827,503
Service Coordination Inc
Frederick, MD
$52,158,150
Sarah Scaife Foundation Inc
Pittsburgh, PA
$79,121,296
Claws Foundation
Reston, VA
$1,734,426
J Howard Pew Freedom Tr
Philadelphia, PA
$64,346,772
J Willard And Alice S Marriott Foundation
Bethesda, MD
$31,840,539
Mccune Foundation
Pittsburgh, PA
$38,182,239

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