The Walter And Adi Blum Foundation Inc
- Assets
- $10.5m
- Revenue
- $813.9k
- Investments
- $10.1m
- Employees
- 0
- Location
- Palm Beach Gardens, FL
- Founding
- 10/1988
- Data as of
- 12/2022
- EIN
- 65-0008826
Organization Overview
The Walter And Adi Blum Foundation Inc is located in Palm Beach Gardens, FL. 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. Walter And Adi Blum 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, Walter And Adi Blum Foundation Inc generated $813.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $798.2k during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 4 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 2020, Walter And Adi Blum Foundation Inc has awarded 132 individual grants totaling $973,800. 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 |
|---|---|---|---|
Sandra E Gambill President, T | 35 | $168,000 | |
Margaret J Murphy Secretary | 20 | $105,000 | |
Shaun Murphy Director | 8 | $32,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $566,857 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $230,894 |
| Capital Gain Net Income | $230,894 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,165 |
| Total Revenue | $813,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $305,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,177 |
| Total operating and administrative expenses | $330,728 |
| Contributions, gifts, grants paid | $467,500 |
| Total expenses and disbursements | $798,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,996 |
| Savings and temporary cash investments | $249,292 |
| Net Accounts receivable | $28,369 |
| 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 | $8,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,638,064 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,462,469 |
| 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, The Walter And Adi Blum Foundation Inc has awarded $513,300 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE COMMUNITY CENTER APOKA PURPOSE: PROVIDES MENTORING PROGRAMS FOR POTE | $10,000 |
THE ARC OF THE GLADES INC BELLE G PURPOSE: ENCOURAGES PEOPLE WITH DISABILITIES | $8,000 |
AMERICAN ASSOCIATION OF CAREGIVING PURPOSE: TO HELP STUDENTS WHO HAVE HAD TO DRO | $10,000 |
UNICORN CHILDREN'S FOUNDATION PURPOSE: PROVIDES 90 HOURS OF ONE ON ONE TRAI | $7,500 |
BOCA BALLET THEATER COMPANY PURPOSE: TO UNDERWRITE THEIR ANNUAL PRODUCTIO | $2,500 |
THE WOMEN'S CIRCLE PURPOSE: BOYNTON, TEACHES 30+ FREE CLASSES FO | $10,000 |