Edith C Blum Foundation Inc
- Assets
- $18.5m
- Revenue
- $1.9m
- Investments
- $17.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1990
- Data as of
- 09/2023
- EIN
- 13-3564317
Organization Overview
Edith C Blum Foundation Inc is located in New York, NY. The organization was established in 1990. 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. Edith C Blum Foundation Inc 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 09/2023, Edith C Blum Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $1.3m during the year ending 09/2023. While expenses have increased by 9.5% per year over the past 4 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 2022, Edith C Blum Foundation Inc has awarded 24 individual grants totaling $2,320,000. 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
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 |
|---|---|---|---|
Roy R Friedman Director, President, & Treas. | 5 | $0 | |
Nancy R Green Director, Secretary | 2 | $0 | |
Seth A Friedman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,111 |
| Dividends & Interest | $647,192 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,247,395 |
| Capital Gain Net Income | $1,247,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $139 |
| Total Revenue | $1,895,837 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,126 |
| Total operating and administrative expenses | $22,776 |
| Contributions, gifts, grants paid | $1,245,000 |
| Total expenses and disbursements | $1,267,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,259 |
| Savings and temporary cash investments | $794,327 |
| 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 | $18,500,160 |
| 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, Edith C Blum Foundation Inc has awarded $1,245,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BE THE MATCH FOUNDATION PURPOSE: GENERAL OPERATING | $30,000 |
BORDER ANIMAL RESCUE PURPOSE: GENERAL OPERATING | $10,000 |
CANCER RESEARCH INSTITUTE PURPOSE: GENERAL OPERATING | $100,000 |
DANA FARBER CANCER INSTITUTE PURPOSE: GENERAL OPERATING | $700,000 |
JEWISH ASSOCIATION FOR SERVICES FOR THE AGED PURPOSE: GENERAL OPERATING | $50,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL OPERATING | $180,000 |