Paneth Family Charitable Trust
- Assets
- $4.4m
- Revenue
- $555.2k
- Investments
- $3.8m
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 11-6415770
Organization Overview
Paneth Family Charitable Trust is located in Brooklyn, NY. The organization was established in 1994. 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. Paneth Family Charitable Trust 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 12/2023, Paneth Family Charitable Trust generated $555.2k 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 (4.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Paneth Trustee | 0 | $0 | |
Thomas Paneth Trustee | 0 | $0 | |
Morton Paneth Trustee | 0 | $0 | |
Leah Werner Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $827 |
| Dividends & Interest | $508,084 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,857 |
| Capital Gain Net Income | $6,857 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,401 |
| Total Revenue | $555,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,361 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $163,802 |
| Total operating and administrative expenses | $211,691 |
| Contributions, gifts, grants paid | $1,764,280 |
| Total expenses and disbursements | $1,975,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $566,891 |
| 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 | $100,000 |
| 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 | $1,193 |
| Total assets | $4,423,158 |
| 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, Paneth Family Charitable Trust has awarded $1,764,280 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE 990PF PART XV LINE 3A ATTACHMENT PURPOSE: CHARITABLE | $1,571,000 |
BAIS MEDRASH NESIVOS HATORAH - SEE ATTACHMENT PURPOSE: CHARITABLE | $193,280 |