The Schwartz Foundation Trust
- Assets
- $46.3k
- Revenue
- $2.0k
- Investments
- $44.9k
- Employees
- 0
- Location
- Freehold, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 82-3829182
Organization Overview
The Schwartz Foundation Trust is located in Freehold, NJ. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Schwartz Foundation Trust 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, Schwartz Foundation Trust generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (68.7%) each year. All expenses for the organization totaled $408.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Schwartz Foundation Trust has awarded 41 individual grants totaling $539,845. 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 |
|---|---|---|---|
Moses Schwartz Trustee | 1 | $0 | |
Jeffrey Rockman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,004 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $3,210 |
| Contributions, gifts, grants paid | $405,510 |
| Total expenses and disbursements | $408,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,470 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,332 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $65,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,000 |
Grants Awarded
Over the last fiscal year, The Schwartz Foundation Trust has awarded $405,510 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CONG ANSHEI HOWELL CHARITY INC PURPOSE: CHARITABLE | $900 |
BINYAN YERUSHALAIM INC PURPOSE: CHARITABLE | $225,000 |
CONG WHISPERING PINES PURPOSE: CHARITABLE | $1,000 |
LAKEWOOD CHEDER SCHOOL PURPOSE: CHARITABLE | $1,010 |
YESHIVA STOLIN KARLIN PURPOSE: CHARITABLE | $1,600 |
CONG TIFERES SHULEM PURPOSE: CHARITABLE | $2,500 |