The Harry & Jeanette Weinberg Foundation Inc
- Assets
- $1.8b
- Revenue
- $107.3m
- Investments
- $1.4b
- Employees
- 0
- Location
- Owings Mills, MD
- Founding
- 01/1962
- Data as of
- 12/2022
- 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 12/2022, Harry & Jeanette Weinberg Foundation Inc generated $107.3m 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 (4.2%) each year. All expenses for the organization totaled $177.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harry & Jeanette Weinberg Foundation Inc has awarded 6,378 individual grants totaling $982,441,548. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
FOR SEVERAL YEARS, THE WEINBERG FOUNDATION HAS BROUGHT PROMINENT COMMUNITY, NONPROFIT, AND PHILANTHROPIC LEADERS FROM THE FOUNDATION'S PRIORITY COMMUNITIES TO VISIT ISRAEL. THE TRIP IS AN OPPORTUNITY TO EDUCATE THESE LEADERS ON THE COMPLEX REALITIES AND CHALLENGES OF THE MIDDLE EAST. PARTICIPANTS MEET WITH MAJOR COMMUNITY REPRESENTATIVES, INCLUDING SOCIAL-SERVICE AGENCIES THAT REFLECT THE FOUNDATION'S ANNUAL GRANTMAKING IN ISRAEL OF ABOUT $18 MILLION. THE TRIP HAS ALLOWED PARTICIPANTS TO LEARN FROM AND SHARE INFORMATION WITH NONPROFITS AND EXPERTS IN ISRAEL, WITH A PARTICULAR FOCUS ON PROGRAMS AND STRATEGIES ADDRESSING POVERTY. THE FOUNDATION CANCELED THE 2020 AND 2021 TRIPS BECAUSE OF THE PANDEMIC AND HOSTED TWO TRIPS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert T Kelly Jr Trustee | 6.72 | $50,000 | |
Fay Hartog-Levin Chair, Trustee | 7 | $50,000 | |
Paula Pretlow Chair Elect, Trustee | 5 | $50,000 | |
Gordon Berlin Trustee | 6 | $50,000 | |
Nimrod Goor Trustee | 6.2 | $50,000 | |
Rachel Monroe President | 40 | $904,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ensafe Inc | 12/30/22 | $5,012,767 |
Cbre Inc | 12/30/22 | $1,761,480 |
Jones Lang Lasalle | 12/30/22 | $1,416,187 |
Chaney Brooks & Company Llc | 12/30/22 | $721,362 |
Baker Tilly Us Llp | 12/30/22 | $571,917 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,206,172 |
| Dividends & Interest | $14,569,322 |
| Net Rental Income | $41,679,036 |
| Net Gain on Sale of Assets | $53,646,727 |
| Capital Gain Net Income | $53,799,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$11,187,687 |
| Total Revenue | $107,302,546 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,841,752 |
| Other employee salaries and wages | $13,246,648 |
| Pension plans, employee benefits | $2,898,901 |
| Interest | $44,027 |
| Taxes | $1,423,281 |
| Depreciation | $7,609,967 |
| Occupancy | $1,976,890 |
| Travel, conferences, and meetings | $1,603,444 |
| Printing and publications | $0 |
| Other expenses | $1,870,927 |
| Total operating and administrative expenses | $36,386,536 |
| Contributions, gifts, grants paid | $141,085,105 |
| Total expenses and disbursements | $177,471,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,870,884 |
| Net Accounts receivable | $3,508,003 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $19,292,495 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $888,144 |
| Net Investments - land, buildings, equipment | $251,816,711 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,417,580,472 |
| Net Land, buildings, and equipment | $3,128,951 |
| Other assets | $691,019 |
| Total assets | $1,754,776,679 |
| Accounts payable and accrued expenses | $3,994,898 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,000,000 |
| Other liabilities | $3,196,425 |
| Total liabilities | $8,191,323 |
Grants Awarded
Over the last fiscal year, The Harry & Jeanette Weinberg Foundation Inc has awarded $196,140,105 in support to 1,064 organizations.
| Grant Recipient | Amount |
|---|---|
10000 DEGREES PURPOSE: TO SUPPORT COLLEGE ACCESS AND SUCCESS WORK IN THE SOUTH BAY AND SAN FRANCISCO. | $75,000 |
19TH NEWS PURPOSE: TO SUPPORT THE ORGANIZATION'S EFFORTS TO PROMOTE JOURNALISTIC REPORTING ON ISSUES OF DIVERSITY, EQUITY AND INCLUSION IN LOCAL COMMUNITIES. | $15,000 |
13TH TRIBE ORG PURPOSE: TO SUPPORT THE OPERATIONS OF THE ORGANIZATION, WHICH PROMOTE INCLUSIVE JEWISH LEARNING AND BELONGING. | $5,400 |
2LIFE COMMUNITIES INC PURPOSE: TO SUPPORT TECHNICAL ASSISTANCE FOR JEWISH NONPROFITS SERVING OLDER ADULTS IN THE AREA OF AFFORDABLE HOUSING DEVELOPMENT. | $15,000 |
ACADEMY FOR GLOBAL CITIZENSHIP PURPOSE: TO SUPPORT THE CONSTRUCTION OF A FEDERALLY QUALIFIED HEALTH CENTER WITHIN A CAMPUS IN SOUTHWEST CHICAGO THAT ALSO INCLUDES A K-8 SCHOOL, URBAN FARM, EARLY CHILDHOOD CENTER, AND TEACHING KITCHENS. | $200,000 |
ACCESS LIVING PURPOSE: TO SUPPORT THE ORGANIZATION'S WORK WITH ADULTS WITH DISABILITIES. | $15,000 |