Greifeld Family Foundation
- Assets
- $7.4m
- Revenue
- $704.1k
- Investments
- $6.5m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-2840791
Organization Overview
Greifeld Family Foundation is located in Albany, NY. The organization was established in 2018. 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. Greifeld 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 12/2023, Greifeld Family Foundation generated $704.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $783.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Greifeld Family Foundation has awarded 64 individual grants totaling $1,261,500. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, ORGANIZATIONS EXEMPT UNDER IRC SEC 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Greifeld Trustee | 1 | $0 | |
Julia Greifeld Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,253 |
| Dividends & Interest | $365,514 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $337,377 |
| Capital Gain Net Income | $337,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $704,144 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,540 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,000 |
| Total operating and administrative expenses | $81,821 |
| Contributions, gifts, grants paid | $701,500 |
| Total expenses and disbursements | $783,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,404 |
| 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 | $6,542,208 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,745 |
| Total assets | $7,381,357 |
| 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, Greifeld Family Foundation has awarded $701,500 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN VALLEY HOSPITAL FOUNDATION PURPOSE: UNRESTRICTED | $25,000 |
EL SOL JUPITERS NEIGHBORHOOD RESOURCE CENTER INC PURPOSE: EL SOL GRANT | $7,000 |
FOUNDATION FOR MORRISTOWN MEDICAL CENTER INC PURPOSE: UNRESTRICTED | $10,000 |
HEALTH MOTHERS HEALTHY BABIES COALITION OF PALM BEACH COUNTY INC PURPOSE: UNRESTRICTED | $5,000 |
HOBE SOUND COMMUNITY CHEST INC PURPOSE: UNRESTRICTED | $20,000 |
IONA COLLEGE PURPOSE: UNRESTRICTED | $15,000 |