Silver Family Foundation
- Assets
- $34.4m
- Revenue
- $608.4k
- Investments
- $33.8m
- Employees
- 0
- Location
- Darien, CT
- Founding
- 03/1999
- Data as of
- 06/2023
- EIN
- 06-1532898
Organization Overview
Silver Family Foundation is located in Darien, CT. 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. Silver 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 06/2023, Silver Family Foundation generated $608.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Silver Family Foundation has awarded 438 individual grants totaling $121,488,553. 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 |
|---|---|---|---|
Philip And Barbara Silver Trustee | 10 | $0 | |
Peter Milo Silver Trustee | 10 | $0 | |
Philip Tyler Silver Trustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greg Loomis | 6/29/23 | $52,000 |
Sara Merten | 6/29/23 | $69,558 |
Merrill Lynch | 6/29/23 | $134,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,577 |
| Dividends & Interest | $870,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$263,468 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $608,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $95,025 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,781 |
| Depreciation | $0 |
| Occupancy | $23,586 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,461 |
| Total operating and administrative expenses | $415,958 |
| Contributions, gifts, grants paid | $6,701,997 |
| Total expenses and disbursements | $7,117,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $615,338 |
| 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 | $0 |
| Total assets | $34,400,134 |
| 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, Silver Family Foundation has awarded $7,176,997 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
ARCS FOUNDATION PURPOSE: EDUCATION | $30,000 |
BIG BROTHERS BIG SISTERS COLUMBIA NORTHWEST PURPOSE: MENTORING PROGRAM | $50,000 |
BLAINE COUNTY CHARITABLE FUND PURPOSE: COMMUNITY RESOURCE PROGRAM | $25,000 |
CAMP TAMARACK PURPOSE: TO PROVIDE AND SUPPORT EDUCATIONAL OPPORTUNITIES AND PROJECTS THAT OFFER AN UNDERSTANDING OF THE IMPORTANCE OF THE ENVIRONMENT AND ENCOURAGE SAFE, PRODUCTIVE AND ENLIGHTENING EXPERIENCES WITHIN. | $35,000 |
CATLIN GABEL SCHOOL PURPOSE: EDUCATION | $900,000 |
COLLEGE DREAMS INC PURPOSE: MENTORING PROGRAM | $35,000 |