Leo Claire & Robert Adenbaum Foundation
- Assets
- $8.7m
- Revenue
- $801.2k
- Investments
- $8.4m
- Employees
- 0
- Location
- North Palm Beach, FL
- Founding
- 06/1962
- Data as of
- 12/2021
- EIN
- 11-6013398
Organization Overview
Leo Claire & Robert Adenbaum Foundation is located in North Palm Beach, FL. The organization was established in 1962. 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. Leo Claire & Robert Adenbaum 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 12/2021, Leo Claire & Robert Adenbaum Foundation generated $801.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $936.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Leo Claire & Robert Adenbaum Foundation has awarded 46 individual grants totaling $850,600. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Stechel Co-Trustee | 20 | $116,036 | |
Gerhar Jakits Co-Trustee | 20 | $116,036 | |
Jody Oliver Co-Trustee | 20 | $116,036 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,500 |
| Dividends & Interest | $322,476 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $402,667 |
| Capital Gain Net Income | $402,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,605 |
| Total Revenue | $801,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $348,108 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $78,000 |
| Interest | $1,492 |
| Taxes | $58,456 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,881 |
| Printing and publications | $0 |
| Other expenses | $5,565 |
| Total operating and administrative expenses | $578,200 |
| Contributions, gifts, grants paid | $358,000 |
| Total expenses and disbursements | $936,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,894 |
| Savings and temporary cash investments | $0 |
| 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 | $4,783,552 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,719,726 |
| 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 | $42,422 |
| Total liabilities | $42,422 |
Grants Awarded
Over the last fiscal year, Leo Claire & Robert Adenbaum Foundation has awarded $358,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF FLORIDA FDN INC PURPOSE: ADENBAUM PROFESSORSHIP - ENGINEERING | $100,000 |
Jupiter, FL PURPOSE: GENERAL SUPPORT | $82,500 |
LEWIS KATZ SCHOOL OF MEDICINE TU PURPOSE: GENERAL SUPPORT | $80,000 |
BIG DOG RESCUE RNACH PURPOSE: GENERAL SUPPORT | $30,000 |
UNIV OF CALIFORNIA SAN DIEGO PURPOSE: PEDIATRIC DIABETES RESEARCH FUND | $30,000 |
JUPITER ELEMENTARY SCHOOL PURPOSE: ADOPT A CLASSROOM | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |