Louis & Martha Silver Foundation
- Assets
- $2.7m
- Revenue
- $81.7k
- Investments
- $2.7m
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 13-6165326
Organization Overview
Louis & Martha Silver Foundation is located in Purchase, NY. The organization was established in 1964. 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. Louis & Martha Silver 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 12/2022, Louis & Martha Silver Foundation generated $81.7k 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 (9.6%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Louis & Martha Silver Foundation has awarded 329 individual grants totaling $3,717,911. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Gelles President | 1 | $0 | |
Caron Gelles Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,026 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $380 |
| Total Revenue | $81,702 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,058 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $883 |
| Total operating and administrative expenses | $10,308 |
| Contributions, gifts, grants paid | $2,886,226 |
| Total expenses and disbursements | $2,896,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,385 |
| 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 | $207,559 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,352 |
| Total assets | $2,738,878 |
| Accounts payable and accrued expenses | $53,100 |
| 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 | $53,100 |
Grants Awarded
Over the last fiscal year, Louis & Martha Silver Foundation has awarded $2,886,226 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AMIT PURPOSE: UNRESTRICTED | $1,800 |
AMERICAN FRIENDS OF BAR-ILAN UNIVERSITY PURPOSE: UNRESTRICTED | $5,000 |
BAYITH LEPLEITOT INC PURPOSE: UNRESTRICTED | $1,800 |
AMERICAN FRIENDS OF SHALVA PURPOSE: UNRESTRICTED | $10,000 |
CAMP HASC PURPOSE: UNRESTRICTED | $1,000 |
CHABAD-COLEL CHABAD PURPOSE: UNRESTRICTED | $10,000 |