Milstein Family Foundation
- Assets
- $14.2m
- Revenue
- $542.3k
- Investments
- $7.2m
- Employees
- 0
- Location
- Encino, CA
- Founding
- 11/2000
- Data as of
- 09/2023
- EIN
- 95-4824595
Organization Overview
Milstein Family Foundation is located in Encino, CA. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Milstein 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 09/2023, Milstein Family Foundation generated $542.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $2.1m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milstein Family Foundation has awarded 789 individual grants totaling $10,252,440. 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 |
|---|---|---|---|
Adam Milstein President | 0 | $0 | |
Gila Milstein Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $300,100 |
| Interest on Savings | $40,137 |
| Dividends & Interest | $154,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$162,470 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210,314 |
| Total Revenue | $542,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $218,013 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,000 |
| Depreciation | $0 |
| Occupancy | $85,453 |
| Travel, conferences, and meetings | $8,789 |
| Printing and publications | $0 |
| Other expenses | $407,196 |
| Total operating and administrative expenses | $780,895 |
| Contributions, gifts, grants paid | $1,271,100 |
| Total expenses and disbursements | $2,051,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,962 |
| Savings and temporary cash investments | $32,623 |
| 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 | $6,811,559 |
| Total assets | $14,155,985 |
| 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 | $2,428 |
| Total liabilities | $2,428 |
Grants Awarded
Over the last fiscal year, Milstein Family Foundation has awarded $1,271,100 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
AISH HA TORAH PURPOSE: GENERAL USE | $40,000 |
HASBARA FELLOWSHIPS PURPOSE: GENERAL USE | $20,000 |
STAND WITH US PURPOSE: GENERAL USE | $50,000 |
ISRAELI AMERICAN COUNCIL IAC PURPOSE: GENERAL USE | $25,000 |
ACADEMIC EXCHANGE PURPOSE: GENERAL USE | $15,000 |
ALEPH INSTITUTE PURPOSE: GENERAL USE | $1,800 |