Milton & Tamar Maltz Family Foundation Inc
- Assets
- $46.7m
- Revenue
- $4.5m
- Investments
- $42.7m
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 65-0164300
Organization Overview
Milton & Tamar Maltz Family Foundation Inc is located in Beachwood, OH. The organization was established in 1990. 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. Milton & Tamar Maltz Family 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 12/2021, Milton & Tamar Maltz Family Foundation Inc generated $4.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milton & Tamar Maltz Family Foundation Inc has awarded 493 individual grants totaling $82,415,370. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton S Maltz President | 2 | $0 | |
Thelma Maltz Secretary | 2 | $0 | |
Julie Konigsberg Vice President | 2 | $0 | |
Daniel Maltz Vice President | 2 | $0 | |
David Maltz Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,502 |
| Interest on Savings | $4 |
| Dividends & Interest | $1,286,105 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,153,460 |
| Capital Gain Net Income | $3,153,460 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,933 |
| Total Revenue | $4,466,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $37,205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,880 |
| Total operating and administrative expenses | $299,752 |
| Contributions, gifts, grants paid | $850,000 |
| Total expenses and disbursements | $1,149,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,974,758 |
| Savings and temporary cash investments | $0 |
| 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 | $1,050,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,203,732 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,745,319 |
| 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, Milton & Tamar Maltz Family Foundation Inc has awarded $14,864,500 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: ANNUAL SUPPORT | $1,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: UNRESTRICTED SUPPORT | $100,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: ANNUAL SUPPORT | $175,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: UNRESTRICTED SUPPORT | $30,000 |
BELLEFAIRE JCB PURPOSE: UNRESTRICTED SUPPORT | $5,000 |
CASE WESTERN RESERVE UNIVERSITY PURPOSE: KEYBOARD CONVERSATIONS | $25,000 |