The Harry & Jeanette Weinberg Foundation Inc
- Assets
- $1.8b
- Revenue
- $152.9m
- Investments
- $1.4b
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 01/1962
- Data as of
- 12/2020
- EIN
- 52-6037034
Organization Overview
The Harry & Jeanette Weinberg Foundation Inc is located in Owings Mills, MD. The organization was established in 1962. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Harry & Jeanette Weinberg 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 12/2020, Harry & Jeanette Weinberg Foundation Inc generated $152.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $155.2m during the year ending 12/2020. While expenses have increased by 6.6% per year over the past 5 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 2015, Harry & Jeanette Weinberg Foundation Inc has awarded 5,314 individual grants totaling $786,301,443. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR SEVERAL YEARS, THE WEINBERG FOUNDATION HAS BEEN PRIVILEGED TO BRING PROMINENT COMMUNITY, NONPROFIT, AND PHILANTHROPIC LEADERS, FROM THE FOUNDATION'S PRIORITY COMMUNITIES, TO VISIT ISRAEL. THE FOUNDATION SEES THIS TRIP AS AN OPPORTUNITY TO PROVIDE LEADERS REPRESENTING A RANGE OF ORGANIZATIONS WITH A BETTER UNDERSTANDING OF THE COMPLEX REALITIES OF THE MIDDLE EAST, AS WELL AS RELEVANT DATA AND INFORMATION. PARTICIPANTS MEET WITH MAJOR ISRAELI COMMUNITY REPRESENTATIVES, INCLUDING SOCIAL-SERVICE AGENCIES WHICH REFLECT THE FOUNDATION'S MINIMUM ANNUAL GRANTMAKING IN ISRAEL OF $18M. THE MISSION TRIP HAS ALLOWED PARTICIPANTS TO LEARN FROM AND SHARE INFORMATION WITH ISRAELI NONPROFITS AND EXPERTS, WITH A PARTICULAR FOCUS ON CURRENT AND FORWARD-LOOKING PROGRAMS AND STRATEGIES ADDRESSING POVERTY. THE 2020 TRIP WAS POSTPONED TO 2022 DUE TO THE PANDEMIC. HOWEVER, EXPENSES FOR THAT TRIP WERE STILL INCURRED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Monroe President | 40 | $984,363 | |
Arlene Cox Secretary | 40 | $388,366 | |
Robert T Kelly Jr Trustee | 4.14 | $50,000 | |
Fay Hartog-Levin Chair, Trustee | 6.5 | $50,000 | |
Paula Pretlow Trustee | 4.5 | $50,000 | |
Gordon Berlin Trustee | 5.75 | $50,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ensafe Inc | 12/30/21 | $2,646,783 |
Jones Lang Lasalle | 12/30/21 | $1,432,278 |
Cbre Inc | 12/30/21 | $1,363,335 |
Venable Llp | 12/30/21 | $707,150 |
Chaney Brooks & Company Llc | 12/30/21 | $829,786 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $149,361 |
| Dividends & Interest | $18,823,846 |
| Net Rental Income | $32,039,093 |
| Net Gain on Sale of Assets | $106,289,583 |
| Capital Gain Net Income | $104,296,823 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$11,846,544 |
| Total Revenue | $152,877,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,593,064 |
| Other employee salaries and wages | $9,741,569 |
| Pension plans, employee benefits | $2,082,599 |
| Interest | $0 |
| Taxes | $2,530,371 |
| Depreciation | $7,404,638 |
| Occupancy | $1,626,533 |
| Travel, conferences, and meetings | $524,539 |
| Printing and publications | $0 |
| Other expenses | $899,573 |
| Total operating and administrative expenses | $30,229,371 |
| Contributions, gifts, grants paid | $124,986,337 |
| Total expenses and disbursements | $155,215,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $73,429,674 |
| Net Accounts receivable | $4,070,586 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $7,116,047 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $786,970 |
| Net Investments - land, buildings, equipment | $270,876,763 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,415,456,020 |
| Net Land, buildings, and equipment | $1,462,779 |
| Other assets | $1,245,611 |
| Total assets | $1,774,444,450 |
| Accounts payable and accrued expenses | $1,817,512 |
| 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 | $2,470,079 |
| Total liabilities | $4,287,591 |
Grants Awarded
Over the last fiscal year, The Harry & Jeanette Weinberg Foundation Inc has awarded $175,212,858 in support to 779 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO SUPPORT THIS CDFI THAT WILL BUILD CAPACITY FOR NONPROFITS IN NEW YORK AND THE BAY AREA AND HELP ORGANIZATIONS BE RESILIENT TO THE IMPACTS OF COVID-19 THROUGH LOAN CAPITAL, TECHNICAL ASSISTANCE, AND OUTREACH TO COMMUNITIES OF COLOR. | $5,000,000 |
New York, NY PURPOSE: TO SUPPORT CAPITAL IMPROVEMENTS AT JEWISH SUMMER CAMPS, FOCUSED ON BETTER SERVING CAMPERS WITH DISABILITIES, STAFF SERVING THESE CAMPERS, AND STAFF WITH DISABILITIES. | $4,500,000 |
New York, NY PURPOSE: TO PROVIDE SUPPORT FOR VARIOUS PROGRAMS AND SERVICES THROUGHOUT THE COURSE OF CALENDAR YEAR 2021. | $3,000,000 |
New York, NY PURPOSE: TO SUPPORT EMERGENCY ASSISTANCE, INCLUDING MEDICAL AND DENTAL CARE, HOUSING EXPENSES, AND FOOD FOR HOLOCAUST SURVIVORS. | $3,000,000 |
THE SHEPPARD AND ENOCH PRATT HEALTH SYSTEM PURPOSE: TO SUPPORT THE MULTI-PHASE CONSTRUCTION OF A STAND-ALONE OUTPATIENT PAVILION IN HOWARD COUNTY, WHICH WILL OFFER MENTAL HEALTH, SUBSTANCE ABUSE, AND MEDICAL SERVICES TO ALLOW FOR INTEGRATED HEALTHCARE DELIVERY. | $3,000,000 |
Baltimore, MD PURPOSE: TO CONTINUE TO SUPPORT THE ANNUAL CAMPAIGN THAT FUNDS SERVICES FOR FINANCIALLY DISADVANTAGED INDIVIDUALS AND FAMILIES IN BALTIMORE. | $3,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Harry & Jeanette Weinberg Foundation Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Govans Ecumenical Development Corporation Baltimore, MD PURPOSE: PROVIDE SUPPORT FOR OPERATIONS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Annie E Casey Foundation Baltimore, MD | $2,129,727,813 | $294,835,382 |
The Harry & Jeanette Weinberg Foundation Inc Owings Mills, MD | $1,774,444,450 | $152,877,390 |
Wyss Foundation Washington, DC | $0 | $34,466,169 |
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Morris And Gwendolyn Cafritz Foundation Washington, DC | $0 | $65,532,545 |
Longwood Foundation Inc Wilmington, DE | $0 | $53,076,926 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Sherman Fairchild Foundation Inc Chevy Chase, MD | $608,781,139 | $70,437,193 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |