Mitchell Wolfson Sr Foundation
- Assets
- $245.9m
- Revenue
- $51.4m
- Investments
- $242.4m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 04/1989
- Data as of
- 02/2022
- EIN
- 59-2390240
Organization Overview
Mitchell Wolfson Sr Foundation is located in Miami, FL. The organization was established in 1989. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Mitchell Wolfson Sr Foundation 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 02/2022, Mitchell Wolfson Sr Foundation generated $51.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $15.5m during the year ending 02/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mitchell Wolfson Sr Foundation has awarded 150 individual grants totaling $47,241,052. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNDER THE WILL OF THE LATE COLONEL WOLFSON THE FOUNDATION IS REQUIRED TO MAKE CONTRIBUTIONS TO THE MIAMI DADE COLLEGE
UNDER THE WILL OF THE LATE COLONEL WOLFSON THE FOUNDATION IS REQUIRED TO MAKE CONTRIBUTIONS TO THE UNIVERSITY OF MIAMI SCHOOL OF MEDICINE
UNDER THE WILL OF THE LATE COLONEL WOLFSON THE FOUNDATION IS REQUIRED TO MAKE CONTRIBUTIONS TO THE MIAMI JEWISH HEALTH SYSTEMS
UNDER THE WILL OF THE LATE COLONEL WOLFSON THE FOUNDATION IS REQUIRED TO MAKE CONTRIBUTIONS TO THE MT SINAI MEDICAL CENTER FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Wolfson III Trustee | 20 | $120,000 | |
Mitchell Wolfson Jr Trustee | 15 | $115,000 | |
Jeri Louise Waxenberg Wolfson Trustee | 15 | $115,000 | |
Joseph T Natoli Trustee | 15 | $115,000 | |
Lynda Wolfson Fadel Trustee | 15 | $115,000 | |
Amita K Schultes Trustee | 15 | $115,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 2/27/23 | $342,328 |
Akerman Senterfitt & Eidson Pa | 2/27/23 | $289,512 |
Generation Im Global Equity Fund Llc | 2/27/23 | $228,146 |
The Silchester International | 2/27/23 | $288,832 |
Eagle Capital Management | 2/27/23 | $202,132 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,108,469 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,687,644 |
| Capital Gain Net Income | $41,687,644 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,584,621 |
| Total Revenue | $51,380,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $810,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $111,535 |
| Taxes | $438,636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,117 |
| Total operating and administrative expenses | $5,258,899 |
| Contributions, gifts, grants paid | $10,275,329 |
| Total expenses and disbursements | $15,534,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,928,777 |
| Net Accounts receivable | $0 |
| 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 | $595,973 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $185,919,562 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $245,881,118 |
| 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, Mitchell Wolfson Sr Foundation has awarded $14,152,663 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
1000 FRIENDS OF FLORIDA INC PURPOSE: TO BUILD BETTER COMMUNITIES AND SAVE SPECIAL PLACES TO ENHANCE THE QUALITY OF LIFE FOR CURRENT AND FUTURE FLORIDIANS. | $10,000 |
AMERICAN BUSINESS IMMIGRATION COALITION PURPOSE: WORKS TO ADVANCE SENSIBLE AND COMPASSIONATE IMMIGRATION SOLUTIONS THAT BOOST OUR ECONOMY, STRENGTHEN THE WORKFORCE, AND BENEFIT FAMILIES AND COMMUNITIES. | $7,500 |
AMERICAN FRIENDS OF PALAZZO DUCALE INC PURPOSE: TO HELP FUND RAISING AND FUND DISTRIBUTION TO ORGANIZATIONS. | $15,250 |
AMERICAN HEART ASSOCIATION INC PURPOSE: NATIONAL VOLUNTARY HEALTH AGENCY FOCUSED ON ACTIVITIES RELATED TO THE CAUSES, DIAGNOSIS, PREVENTION, AND TREATMENT OF CARDIOVASCULAR DISEASE, STROKE, AND OTHER RELATED DISEASES. | $1,000 |
AMERICAN JOURNALISM PROJECT INC PURPOSE: A VENTURE PHILANTHROPY DEDICATED TO BUILDING NON-PROFIT LOCAL NEWS ACROSS THE UNITED STATES. | $10,000 |
ARTIS-NAPLES INC PURPOSE: DEDICATED TO CREATING AND PRESENTING WORLD-CLASS VISUAL AND PERFORMING ARTS. THROUGH OUR MULTIDISCIPLINARY OFFERINGS, WE INSPIRE, EDUCATE, AND ENTERTAIN TO ENGAGE AND ENRICH THE GROWING AND DIVERSIFYING COMMUNITY. | $25,000 |