Engelberg Foundation
- Assets
- $13.4m
- Revenue
- $3.4m
- Investments
- $12.2m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 05/1991
- Data as of
- 01/2023
- EIN
- 06-1309603
Organization Overview
Engelberg Foundation is located in Palm Beach, FL. The organization was established in 1991. 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. Engelberg 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 01/2023, Engelberg Foundation generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $5.5m during the year ending 01/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Engelberg Foundation has awarded 243 individual grants totaling $80,088,110. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,209,000 |
| Interest on Savings | $394,606 |
| Dividends & Interest | $228,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,393,831 |
| Capital Gain Net Income | $1,535,887 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $128,814 |
| Total Revenue | $3,354,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,788 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $254,707 |
| Total operating and administrative expenses | $327,445 |
| Contributions, gifts, grants paid | $5,147,500 |
| Total expenses and disbursements | $5,474,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,749 |
| Savings and temporary cash investments | $1,080,666 |
| 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 | $7,927,080 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,781 |
| Total assets | $13,448,804 |
| 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 | $13,585 |
| Total liabilities | $13,585 |
Grants Awarded
Over the last fiscal year, Engelberg Foundation has awarded $5,147,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
MANHATTAN COLLEGE PURPOSE: UNRESTRICTED | $1,000 |
JAZZ AT LINCOLN CENTER PURPOSE: UNRESTRICTED | $35,000 |
MOMA PURPOSE: UNRESTRICTED | $1,500 |
THE GUGGENHEIM FOUNDATION PURPOSE: UNRESTRICTED | $5,000,000 |
METROPOLITIAN MUSEUM OF ART PURPOSE: UNRESTRICTED | $1,500 |
THE GUGGENHEIM FOUNDATION PURPOSE: UNRESTRICTED | $50,000 |