Todd Schiffman Foundation Tr
- Assets
- $8.7m
- Revenue
- $2.4m
- Investments
- $6.7m
- Employees
- 0
- Location
- W Hollywood, CA
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 95-7040466
Organization Overview
Todd Schiffman Foundation Tr is located in W Hollywood, CA. The organization was established in 1999. 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. Todd Schiffman Foundation Tr 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 12/2021, Todd Schiffman Foundation Tr generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $205.2k during the year ending 12/2021. While expenses have increased by 17.8% 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, Todd Schiffman Foundation Tr has awarded 41 individual grants totaling $571,407. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOVEMBER 2016: CONTRIBUTION OF $25,000 TO JEWISH FAMILY SERVICES ADOPT-A-FAMILY PROGRAM. THIS ORGANIZATION SERVES THE LOCAL COMMUNITY AND IS ORGANIZED TO PROVIDE ASSISTANCE FOR PEOPLE IN NEED.
OCTOBER 2016:CONTRIBUTION OF $25,000 TO THE CONSANO CANCER RESEARCH ORGANIZATION.
NOVEMBER 2016:CONTRIBTION OF $2,700 TO ALL SAINTS CHURCH
APRIL 2016:CONTRIBUTION OF $100 TO AMERICAN DIABETES ASSOCIATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Schiffman Trustee | 2 | $0 | |
Mark Puente Trustee | 2 | $0 | |
J Michael Boh Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,848,678 |
| Interest on Savings | $62 |
| Dividends & Interest | $71,957 |
| Net Rental Income | $25,630 |
| Net Gain on Sale of Assets | $277,786 |
| Capital Gain Net Income | $277,786 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $124,608 |
| Total Revenue | $2,369,185 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,845 |
| Depreciation | $20,327 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,228 |
| Total operating and administrative expenses | $85,050 |
| Contributions, gifts, grants paid | $120,172 |
| Total expenses and disbursements | $205,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,559 |
| Savings and temporary cash investments | $931,860 |
| 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 | $938,686 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,687,383 |
| 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, Todd Schiffman Foundation Tr has awarded $120,172 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH FAMILY SERVICE PURPOSE: JEWISH SOCIAL SERVICES IN LA | $50,172 |
San Luis Obispo, CA PURPOSE: PROVIDE GENERAL SUPPORT | $50,000 |
Los Angeles, CA PURPOSE: PURCHASE INSTRUMENTS FOR YOUNG MUSICIANS | $10,000 |
MY FRIEND'S PLACE PURPOSE: HOMELESS YOUTH SERVICES IN LA | $5,000 |
Los Angeles, CA PURPOSE: PROVIDE GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |