Max H Gluck Foundation Inc
- Assets
- $131.6m
- Revenue
- $11.6m
- Investments
- $121.0m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 08/1985
- Data as of
- 06/2021
- EIN
- 95-3979100
Organization Overview
Max H Gluck Foundation Inc is located in Sherman Oaks, CA. The organization was established in 1985. 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. Max H Gluck 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 06/2021, Max H Gluck Foundation Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $5.8m during the year ending 06/2021. While expenses have increased by 1.5% per year over the past 6 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 2015, Max H Gluck Foundation Inc has awarded 239 individual grants totaling $39,725,779. 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 |
|---|---|---|---|
Jessica Kaswick Executive Director | 40 | $200,000 | |
Jon A Kaswick MD President | 2 | $2,000 | |
Julie Kaswick Secretary | 1 | $2,000 | |
Richard Reinis Director | 1 | $2,000 | |
Hetal Patel Director | 1 | $2,000 | |
Cathy Hession Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $159,583 |
| Dividends & Interest | $2,471,981 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,165,286 |
| Capital Gain Net Income | $8,165,286 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $788,088 |
| Total Revenue | $11,584,938 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,180 |
| Interest | $0 |
| Taxes | $192,219 |
| Depreciation | $3,667 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $509 |
| Printing and publications | $0 |
| Other expenses | $53,424 |
| Total operating and administrative expenses | $1,212,510 |
| Contributions, gifts, grants paid | $4,600,480 |
| Total expenses and disbursements | $5,812,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,234 |
| Savings and temporary cash investments | $10,150,201 |
| 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 | $6,386 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $47,637,944 |
| Net Land, buildings, and equipment | $2,749 |
| Other assets | $396,376 |
| Total assets | $131,583,188 |
| Accounts payable and accrued expenses | $36,686 |
| Grants payable | $4,197,701 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $292,774 |
| Total liabilities | $4,527,161 |
Grants Awarded
Over the last fiscal year, Max H Gluck Foundation Inc has awarded $5,014,385 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
NATURAL HISTORY MUSEUM PURPOSE: MUSIC EDUCATION/STUDENT FELLOWSHIPS | $1,002,028 |
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: MAYA MOBILE/ARTS EDUCATION LAUSD | $585,832 |
REGENTS OF UC-RIVERSIDE PURPOSE: MUSIC EDUCATION/STUDENT FELLOWSHIPS | $526,000 |
Los Angeles, CA PURPOSE: ARTS EDUCATION | $432,850 |
New York, NY PURPOSE: STUDENT FELLOWSHIP PROGRAM | $300,000 |
Los Angeles, CA PURPOSE: ARTS EDUCATION | $280,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |
Helen And Wil Webster Foundation Arcadia, CA | $240,695,845 | $9,736,121 |
Dart-L Foundation Los Angeles, CA | $255,386,011 | $40,281,490 |