Max H Gluck Foundation Inc
- Assets
- $110.3m
- Revenue
- $5.4m
- Investments
- $105.9m
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 08/1985
- Data as of
- 06/2022
- 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 06/2022, Max H Gluck Foundation Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.5m during the year ending 06/2022. While expenses have increased by 0.4% per year over the past 7 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 256 individual grants totaling $43,890,658. 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 |
|---|---|---|---|
Jon A Kaswick MD President | 2 | $2,000 | |
Richard Reinis Director | 1 | $2,000 | |
Jennifer Kaswick Secretary | 1 | $2,000 | |
Julie Kaswick Secretary | 1 | $2,000 | |
Jessica Kaswick Executive Director | 40 | $205,000 | |
Cathy Hession Director | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23,518 |
| Dividends & Interest | $2,668,802 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,514,908 |
| Capital Gain Net Income | $2,514,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $239,980 |
| Total Revenue | $5,447,208 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $217,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,572 |
| Interest | $0 |
| Taxes | $81,966 |
| Depreciation | $2,837 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,802 |
| Printing and publications | $0 |
| Other expenses | $46,813 |
| Total operating and administrative expenses | $1,097,455 |
| Contributions, gifts, grants paid | $4,376,330 |
| Total expenses and disbursements | $5,473,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,496 |
| Savings and temporary cash investments | $4,059,839 |
| 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 | $15,061 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,302,172 |
| Net Land, buildings, and equipment | $792 |
| Other assets | $196,544 |
| Total assets | $110,258,844 |
| Accounts payable and accrued expenses | $36,344 |
| Grants payable | $3,011,862 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,922 |
| Total liabilities | $3,068,128 |
Grants Awarded
Over the last fiscal year, Max H Gluck Foundation Inc has awarded $4,512,501 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS GATE CULTURAL CENTER PURPOSE: ARTISTS-IN-CLASSROOM | $100,000 |
AUTRY MUSEUM OF THE AMERICAN WEST PURPOSE: AUTRY-IN-RESIDENCE | $25,000 |
BOYS AND GIRLS CLUB OF LA HARBOR PURPOSE: WILMINGTON AFTER-SCHOOL PROGRAM | $75,000 |
CA HOSPITAL MEDICAL CENTER PURPOSE: HOPE STREET'S AFTER-SCHOOL PROGRAM | $50,000 |
CARNEGIE HALLTHE ACADEMY PURPOSE: ENSEMBLE CONNECT | $150,000 |
CHILDREN'S HOSPITAL OF LOS ANGELES PURPOSE: MARK TAPER - JOHNNY MERCER ARTISTS PROGRAM | $30,000 |