Abraham And Sally Magid Family Foundation
- Assets
- $825.9k
- Revenue
- $125.7k
- Investments
- $825.1k
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-6187934
Organization Overview
Abraham And Sally Magid Family Foundation is located in Garden City, NY. 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. Abraham And Sally Magid Family 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, Abraham And Sally Magid Family Foundation generated $125.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year.
Since 2016, Abraham And Sally Magid Family Foundation has awarded 46 individual grants totaling $151,056. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,299 |
| Interest on Savings | $2 |
| Dividends & Interest | $14,003 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,425 |
| Capital Gain Net Income | $5,425 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,729 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $375 |
| Total operating and administrative expenses | $2,925 |
| Contributions, gifts, grants paid | $41,448 |
| Total expenses and disbursements | $44,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $700 |
| Savings and temporary cash investments | $130 |
| 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 | $825,949 |
| 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 | $200 |
| Total liabilities | $200 |
Grants Awarded
Over the last fiscal year, Abraham And Sally Magid Family Foundation has awarded $41,448 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $12,500 |
Hudson, OH PURPOSE: UNRESTRICTED CONTRIBUTION | $12,500 |
Cedarhurst, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $7,500 |
Forest Hills, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |
SHELTER ROCK JEWISH CENTER PURPOSE: UNRESTRICTED CONTRIBUTION | $1,873 |
Brooklyn, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |