Russell & Ronalee Galbut Familyfoundation
- Assets
- $2.4m
- Revenue
- $1.2m
- Investments
- $6.0k
- Employees
- 0
- Location
- Miami, FL
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 20-5918650
Organization Overview
Russell & Ronalee Galbut Familyfoundation is located in Miami, FL. The organization was established in 2007. 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. Russell & Ronalee Galbut Familyfoundation 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, Russell & Ronalee Galbut Familyfoundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $563.9k during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 8 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 2015, Russell & Ronalee Galbut Familyfoundation has awarded 562 individual grants totaling $3,988,016. 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
GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING SOCIAL WELFARE, HUMANITARIAN AID TO FAMILIES AND CHILDREN IN NEED
GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING EDUCATIONAL AND RELIGIOUS PROGRAMS
GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING ARTS, CULTURAL AND HISTORIC PROGRAMS
GRANTS/CONTRIBUTIONS TO PUBLIC CHARITIES SUPPORTING MEDICAL RESEARCH AND PUBLIC HEALTHCARE AWARENESS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronalee Galbut President & Director | 0 | $0 | |
Russell Galbut Treasurer & Director | 0 | $0 | |
Marisa Galbut Secretary & Director | 0 | $0 | |
Robert Galbut Director | 0 | $0 | |
David Galbut Director | 0 | $0 | |
Abraham Galbut Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,199,320 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,199,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $537 |
| Total operating and administrative expenses | $537 |
| Contributions, gifts, grants paid | $563,390 |
| Total expenses and disbursements | $563,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,418,347 |
| Savings and temporary cash investments | $10,865 |
| 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 | $6,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,435,212 |
| 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, Russell & Ronalee Galbut Familyfoundation has awarded $563,390 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
BETH ISRAEL CONGREGATION PURPOSE: RELIGIOUS AND EDUCATIONAL PROGRAM SUPPORT | $450 |
STTHERESA CATHOLIC SCHOOL PURPOSE: EDUCATION | $1,000 |
ANSHEI LUBAVITCH INC PURPOSE: RELIGIOUS JEWISH STUDIES | $4,400 |
ADRIENNE ARSHT CENTER FOUNDATION INC PURPOSE: PERFORMING ARTS | $10,000 |
BETH ISRAEL CONGREGATION PURPOSE: ASSISTANCE TO ECONOMICALLY DISADVANTAGE JEWISH FAMILIES | $1,800 |
BONEI OLAM PURPOSE: ASSISTANCE TO JEWISH CHILDREN | $1,800 |