Woldenberg Foundation
- Assets
- $24.4m
- Revenue
- $5.8m
- Investments
- $21.9m
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 06/1960
- Data as of
- 12/2023
- EIN
- 72-6022665
Organization Overview
Woldenberg Foundation is located in Metairie, LA. The organization was established in 1960. 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. Woldenberg 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 12/2023, Woldenberg Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 69.3% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 8.8% per year over the past 6 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 2014, Woldenberg Foundation has awarded 1,141 individual grants totaling $22,783,355. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
DONATIONS FOR JEWISH CAUSES
DONATIONS FOR EDUCATIONAL INSTITUTIONS & RELATED ACTIVITIES
DONATIONS FOR SCHOLARSHIPS
DONATIONS FOR ANIMALS AND ENVIRONMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Goldring Chair | 1 | $0 | |
Jeffrey B Goldring Trustee | 1 | $0 | |
Robert Steeg Trustee | 1 | $30,000 | |
Mark Halpern Trustee | 1 | $30,000 | |
Minette Brown Trustee | 1 | $60,000 | |
Paul L Fine Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $341,313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,015,564 |
| Capital Gain Net Income | $5,015,564 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $460,324 |
| Total Revenue | $5,817,201 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $120,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $17,546 |
| Taxes | $8,077 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,804 |
| Printing and publications | $0 |
| Other expenses | $179,132 |
| Total operating and administrative expenses | $350,061 |
| Contributions, gifts, grants paid | $3,621,808 |
| Total expenses and disbursements | $3,971,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,699 |
| Savings and temporary cash investments | $74,133 |
| 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 | $1,896,496 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,720 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,254,813 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $24,403,827 |
| 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, Woldenberg Foundation has awarded $3,621,808 in support to 240 organizations.
| Grant Recipient | Amount |
|---|---|
PASS-THROUGH CONTRIBUTIONS FROM K-1 INVESTMENTS PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $8 |
ACAD INDIV EXCEL PURPOSE: SCHOLARSHIPS | $3,000 |
AMERICAN CANCER SOCIETY PURPOSE: HEALTH | $5,000 |
AMERICAN FRIENDS OF ALYN PURPOSE: JEWISH CAUSES | $150,000 |
AMERICAN FRIENDS OF ALYN PURPOSE: JEWISH CAUSES | $50,000 |
AMERICAN FRIENDS OF ALYN PURPOSE: JEWISH CAUSES | $125,000 |