Philip A Zaffere Foundation Inc
- Assets
- $20.0m
- Revenue
- $868.1k
- Investments
- $19.5m
- Employees
- 0
- Location
- Towson, MD
- Founding
- 09/2016
- Data as of
- 07/2022
- EIN
- 81-3437018
Organization Overview
Philip A Zaffere Foundation Inc is located in Towson, MD. The organization was established in 2016. 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. Philip A Zaffere 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 07/2022, Philip A Zaffere Foundation Inc generated $868.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.6m during the year ending 07/2022. While expenses have increased by 0.1% per year over the past 2 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 2021, Philip A Zaffere Foundation Inc has awarded 27 individual grants totaling $6,610,000. 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 |
|---|---|---|---|
Freddie J Traub Vice Pres. | 1 | $0 | |
Louis F Friedman Pres./treas. | 3.5 | $0 | |
Phyllis C Friedman Secretary | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Friedman & Friedman Llp | 7/30/22 | $113,770 |
T Rowe Price Associates Inc | 7/30/22 | $62,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $831 |
| Dividends & Interest | $391,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $475,424 |
| Capital Gain Net Income | $475,424 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $868,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,098 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $195,412 |
| Contributions, gifts, grants paid | $1,385,000 |
| Total expenses and disbursements | $1,580,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $458,047 |
| 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 | $0 |
| Total assets | $19,965,962 |
| 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, Philip A Zaffere Foundation Inc has awarded $3,125,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MD SCHOOL OF MEDICINE PURPOSE: PROFESSORSHIP ENDOWMENT | $1,000,000 |
UNIVERSITY OF MD SCHOOL OF MEDICINE PURPOSE: PROFESSORSHIP ENDOWMENT | $700,000 |
STEVENSON UNIVERSITY PURPOSE: LIBRARY | $500,000 |
STEVENSON UNIVERSITY PURPOSE: LIBRARY | $300,000 |
GBMC PURPOSE: THE PROMISE PROJECT | $200,000 |
UNIV OF MD ST JOSEPH MEDICAL CTR PURPOSE: ECHO CARDIOGRAM MACHINE | $160,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |