Peter A And Deborah L Weinberg Family Foundation
- Assets
- $9.4m
- Revenue
- $2.0m
- Investments
- $9.4m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 04/1998
- Data as of
- 07/2022
- EIN
- 13-3920469
Organization Overview
Peter A And Deborah L Weinberg Family Foundation is located in Albany, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Peter A And Deborah L Weinberg 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 07/2022, Peter A And Deborah L Weinberg Family Foundation generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $3.1m during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peter A And Deborah L Weinberg Family Foundation has awarded 86 individual grants totaling $7,865,857. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER SECTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter A Weinberg Trustee | 0.19 | $0 | |
Deborah L Weinberg Trustee | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,338 |
| Dividends & Interest | $353,015 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,584,250 |
| Capital Gain Net Income | $1,584,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,958,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,518 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $29,121 |
| Total operating and administrative expenses | $121,753 |
| Contributions, gifts, grants paid | $2,937,654 |
| Total expenses and disbursements | $3,059,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,141 |
| Savings and temporary cash investments | $28,530 |
| 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 | $2,153,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,427,245 |
| 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, Peter A And Deborah L Weinberg Family Foundation has awarded $2,937,654 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
West Palm Beach, FL PURPOSE: HEAD OF SCHOOL IMPACT FUND | $1,000,000 |
SMITH COLLEGE PURPOSE: LIBRARY RENOVATION FUND | $550,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $550,000 |
HARVARD BUSINESS SCHOOL PURPOSE: TO SUPPORT THE SIDNEY J. WEINBERG-GOLDMAN SACHS & CO. FELLOWSHIP FUND | $500,000 |
Stamford, CT PURPOSE: GENERAL PURPOSE | $51,000 |
UJA - UNITED JEWISH APPEAL PURPOSE: GENERAL PURPOSE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edith L Trees Charitable Trust Pittsburgh, PA | $351,552,610 | $23,983,044 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |
Sol Goldman Charitable Trust New York, NY | $0 | $3,639,060 |
Schwartz Fam Foundation Tr New York, NY | $15,701,646 | $4,641,500 |