Merkin Family Foundation
- Assets
- $241.8m
- Revenue
- $31.9m
- Investments
- $224.4m
- Employees
- 0
- Location
- Marina Del Rey, CA
- Founding
- 10/2004
- Data as of
- 11/2021
- EIN
- 20-0527223
Organization Overview
Merkin Family Foundation is located in Marina Del Rey, CA. The organization was established in 2004. 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. Merkin 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 11/2021, Merkin Family Foundation generated $31.9m 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 (7.3%) each year. All expenses for the organization totaled $18.9m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Merkin Family Foundation has awarded 52 individual grants totaling $36,483,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Merkin President | 4 | $0 | |
Anne Wymer Secretary/treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,812,625 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,220,708 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,532,183 |
| Capital Gain Net Income | $2,532,183 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,305,429 |
| Total Revenue | $31,870,945 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $383,313 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $482 |
| Total operating and administrative expenses | $1,680,213 |
| Contributions, gifts, grants paid | $17,180,000 |
| Total expenses and disbursements | $18,860,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,365,757 |
| 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 | $1,000,010 |
| Investments—mortgage loans | $0 |
| Investments—other | $224,386,561 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $241,752,328 |
| 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 | $73,898 |
| Total liabilities | $73,898 |
Grants Awarded
Over the last fiscal year, Merkin Family Foundation has awarded $17,180,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: MEDICAL RESEARCH | $7,000,000 |
Pasadena, CA PURPOSE: EDUCATION | $5,460,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: MEDICAL RESEARCH | $2,000,000 |
WESTERN GOVERNORS UNIVERSITY PURPOSE: SUPPORT EDUCATION AND COMMUNITY | $1,000,000 |
Santa Monica, CA PURPOSE: MEDICAL AND CANCER RESEARCH | $600,000 |
San Francisco, CA PURPOSE: TELEHEALTH | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Windsong Tr Manhattan Beach, CA | $426,534,426 | $49,190,132 |