Leah And Richard Waitzer Foundation
- Assets
- $61.3m
- Revenue
- $49.1m
- Investments
- $46.7m
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-4581850
Organization Overview
Leah And Richard Waitzer Foundation is located in Virginia Beach, VA. The organization was established in 2017. 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. Leah And Richard Waitzer 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 12/2022, Leah And Richard Waitzer Foundation generated $49.1m in total revenue. All expenses for the organization totaled $6.0m during the year ending 12/2022.
Since 2018, Leah And Richard Waitzer Foundation has awarded 13 individual grants totaling $8,147,535. 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 |
|---|---|---|---|
Bradley J Waitzer President | 0 | $0 | |
Edwin S Waitzer Vp,secretary,treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,629,802 |
| Interest on Savings | $38,155 |
| Dividends & Interest | $374,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,268 |
| Capital Gain Net Income | $143,385 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $49,113,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,940 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,832 |
| Total operating and administrative expenses | $255,398 |
| Contributions, gifts, grants paid | $5,743,785 |
| Total expenses and disbursements | $5,999,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,950,142 |
| Savings and temporary cash investments | $7,434,290 |
| 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 | $21,951,209 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $257,209 |
| Total assets | $61,298,275 |
| 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, Leah And Richard Waitzer Foundation has awarded $5,743,785 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
EASTERN VIRGINIA MEDICAL SCHOOL PURPOSE: SUPPORT RECIPIENT'S CHARITABLE PURPOSE | $1,000,000 |
AMERICAN CANCER SOCIETY PURPOSE: TO FURTHER DONEE'S CHARITABLE PURPOSE | $150,000 |
CHILDRENS HOSPITAL OF THE KINGS DAUGHTERS PURPOSE: TO FURTHER RECIPIENTS CHARITABLE PURPOSE | $125,000 |
BARRY ART MUSEUM -OLD DOMINION MUSEUM FOUNDATION PURPOSE: TO FURTHER RECIPIENTS CHARITABLE PURPOSE | $3,995,100 |
CHRYSLER MUSEUM OF ART PURPOSE: TO FURTHER RECIPIENTS CHARITABLE PURPOSE | $473,685 |