Farber Family Foundation Inc
- Assets
- $13.3m
- Revenue
- $6.0m
- Investments
- $12.6m
- Employees
- 0
- Location
- Chesterbrook, PA
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 65-0336266
Organization Overview
Farber Family Foundation Inc is located in Chesterbrook, PA. The organization was established in 1992. 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. Farber 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, Farber Family Foundation Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $6.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Farber Family Foundation Inc has awarded 61 individual grants totaling $16,480,500. 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 |
|---|---|---|---|
Jack Farber Chairman & Director | 5 | $0 | |
Vivian Farber President & Director | 3 | $0 | |
Ellen Farber Ex. Director, Treasurer, S | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,746,661 |
| Interest on Savings | $0 |
| Dividends & Interest | $277,479 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,000,849 |
| Capital Gain Net Income | $2,000,849 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,857 |
| Total Revenue | $6,034,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $52,311 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $156,881 |
| Contributions, gifts, grants paid | $6,116,834 |
| Total expenses and disbursements | $6,273,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $614,335 |
| Net Accounts receivable | $39,070 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,176,696 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,266,456 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,330,000 |
| 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 | $4,330,000 |
Grants Awarded
Over the last fiscal year, Farber Family Foundation Inc has awarded $7,166,834 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS JEFFERSON UNIVERSITY - VICKIE & JACK INST FOR NEUROSCIENCE PURPOSE: GENERAL | $5,000,000 |
WILLS EYE INSTITUTE - VICKIE & JACK FARBER VISION RESEARCH CENTER PURPOSE: GENERAL | $1,000,000 |
HABITAT FOR HUMANITY CHALLENGE GRANT PURPOSE: GENERAL | $250,000 |
Jupiter, FL PURPOSE: GENERAL | $200,000 |
HARCUM COLLEGE - ELLEN B FARBER NEXT GENERATION SCHOLARSHIP FUND PURPOSE: GENERAL | $100,000 |
Norristown, PA PURPOSE: GENERAL | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |