Joseph Meyerhoff Fund Inc
- Assets
- $53.2m
- Revenue
- $10.3m
- Investments
- $47.8m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/1954
- Data as of
- 12/2021
- EIN
- 52-6035997
Organization Overview
Joseph Meyerhoff Fund Inc is located in Baltimore, MD. The organization was established in 1954. 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. Joseph Meyerhoff Fund 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, Joseph Meyerhoff Fund Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Joseph Meyerhoff Fund Inc has awarded 839 individual grants totaling $24,922,608. 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 |
|---|---|---|---|
Elizabeth Minkin Asst. Vice President | 25 | $139,213 | |
Misty Gibson Asst. Secretary | 20 | $81,696 | |
Joseph Meyerhoff II V.P. & Treasurer | 3 | $30,100 | |
Phil Huber Asst. Treasurer | 2 | $12,275 | |
Terry M Rubenstein V.P. & Secretary | 2 | $2,687 | |
Jill M Hieronimus President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $988,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,633,293 |
| Capital Gain Net Income | $3,633,293 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,719,592 |
| Total Revenue | $10,341,844 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $265,971 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $38,806 |
| Interest | $15,409 |
| Taxes | $17,099 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $393,189 |
| Total operating and administrative expenses | $822,689 |
| Contributions, gifts, grants paid | $2,086,352 |
| Total expenses and disbursements | $2,909,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,071 |
| Savings and temporary cash investments | $5,382,319 |
| Net Accounts receivable | $4,085 |
| 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 | $31,589,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,223,904 |
| 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, Joseph Meyerhoff Fund Inc has awarded $2,086,352 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: UNRESTRICTED | $333,000 |
New York, NY PURPOSE: UNRESTRICTED | $285,000 |
Baltimore, MD PURPOSE: UNRESTRICTED | $52,500 |
Baltimore, MD PURPOSE: UNRESTRICTED | $50,000 |
CITY NEIGHBORS FOUNDATION PURPOSE: UNRESTRICTED | $50,000 |
NEW ISRAEL FUND PURPOSE: UNRESTRICTED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |