The Eric & Erica Schwartz Family Foundation
- Assets
- $12.9m
- Revenue
- $479.8k
- Investments
- $12.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1998
- Data as of
- 08/2022
- EIN
- 13-3957291
Organization Overview
The Eric & Erica Schwartz Family Foundation is located in New York, NY. The organization was established in 1998. 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. Eric & Erica Schwartz 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 08/2022, Eric & Erica Schwartz Family Foundation generated $479.8k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $705.6k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (30.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Eric & Erica Schwartz Family Foundation has awarded 39 individual grants totaling $3,059,400. 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 |
|---|---|---|---|
Eric S Schwartz Trustee | 1 | $0 | |
Erica Schwartz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $311,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $43,900 |
| Capital Gain Net Income | $43,900 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,927 |
| Total Revenue | $479,801 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $19,118 |
| Taxes | $976 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,173 |
| Total operating and administrative expenses | $150,450 |
| Contributions, gifts, grants paid | $555,150 |
| Total expenses and disbursements | $705,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,658 |
| 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 | $11,359,537 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,300 |
| Total assets | $12,883,639 |
| 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, The Eric & Erica Schwartz Family Foundation has awarded $492,250 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN SIMON GUGGENHEIM MEMORIAL FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
PARK AVENUE SYNAGOGUE PURPOSE: GENERAL SUPPORT | $25,000 |
JEWISH BOARD OF FAMILY AND CHILDREN'S SERVICES PURPOSE: GENERAL SUPPORT | $25,000 |
MADISON SQUARE PARK CONSERVANCY PURPOSE: GENERAL SUPPORT | $24,250 |
CITY HARVEST PURPOSE: GENERAL SUPPORT | $338,000 |
ROCKEFELLER UNIVERSITY PURPOSE: GENERAL SUPPORT | $5,000 |