Sydney And Walda Besthoff Foundation
- Assets
- $6.3m
- Revenue
- -$56.0k
- Investments
- $1.8m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 05/1961
- Data as of
- 09/2023
- EIN
- 72-6019440
Organization Overview
Sydney And Walda Besthoff Foundation is located in New Orleans, LA. The organization was established in 1961. 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. Sydney And Walda Besthoff Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BESTHOFF FOUNDATION OWNS VARIOUS SCULPTURES ANDPAINTINGS. IN THE CURRENT YEAR, PIECES OF OUR COLLECTIONWERE LOANED AND/OR DONATED TO MUSEUMS FOR THE EDUCATION AND ENJOYMENT OF THE PUBLIC.
THE FOUNDATION DONATES FUNDS TO VARIOUS CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walda Besthoff President | 1 | $0 | |
Virginia Besthoff Vice-President | 1 | $0 | |
Valerie Marcus Vice-President | 1 | $0 | |
Jane Steiner Secretary-Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $88,468 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$144,472 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$56,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,068 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $1,118 |
| Contributions, gifts, grants paid | $1,281,744 |
| Total expenses and disbursements | $1,282,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,999 |
| 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 | $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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,265,382 |
| Total assets | $6,310,692 |
| 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, Sydney And Walda Besthoff Foundation has awarded $1,281,744 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FEDERATION OF GREATER NEW ORLEANS PURPOSE: GENERAL SUPPORT | $33,000 |
NEW ORLEANS MUSEUM OF ART PURPOSE: GENERAL SUPPORT | $1,173,744 |
CONTEMPORARY ARTS CENTER PURPOSE: GENERAL SUPPORT | $75,000 |