Raymond & Gertrude R Saltzman Foundation
- Assets
- $110.5m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Cherry Hill, NJ
- Founding
- 06/1978
- Data as of
- 12/2021
- EIN
- 22-2199368
Organization Overview
Raymond & Gertrude R Saltzman Foundation is located in Cherry Hill, NJ. The organization was established in 1978. 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. As of 12/2021, Raymond & Gertrude R Saltzman Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond & Gertrude R Saltzman 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 12/2021, Raymond & Gertrude R Saltzman Foundation generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Raymond & Gertrude R Saltzman Foundation has awarded 133 individual grants totaling $23,281,228. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES CHARITABLE GRANTS IN ACCORDANCE WITH ITS MISSION AND GUIDELINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS BEEN ESTABLISHED FOR CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES AS A SUPPORTING ORGANIZATION TO THE JEWISH FEDERATION OF SOUTHERN NEW JERSEY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Zell Secretary | Officer | 27 | $110,000 |
Arthur Abramowitz President | OfficerTrustee | 7 | $0 |
Harvey Shapiro Treasurer | OfficerTrustee | 7 | $0 |
Richard Goldstein Vice President | Officer | 2 | $0 |
Robert Schwartz Vice President | Trustee | 2 | $0 |
Betty Adler Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $3,239,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,721,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,961,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,610,576 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,150 |
| Pension plan accruals and contributions | $2,884 |
| Other employee benefits | $0 |
| Payroll taxes | $12,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $164,480 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,156 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $191 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,866 |
| Insurance | $26,703 |
| All other expenses | $0 |
| Total functional expenses | $3,026,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,626,092 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,644 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $108,246,285 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,234 |
| Total assets | $110,514,769 |
| Accounts payable and accrued expenses | $361,494 |
| Grants payable | $427,302 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $788,796 |
| Net assets without donor restrictions | $109,725,973 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $110,514,769 |
Grants Awarded
Over the last fiscal year, Raymond & Gertrude R Saltzman Foundation has awarded $2,610,576 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Cherry Hill, NJ PURPOSE: GENERAL SUPPORT | $2,133,776 |
Cherry Hill, NJ PURPOSE: GENERAL SUPPORT | $230,000 |
Voorhees, NJ PURPOSE: GENERAL SUPPORT | $221,800 |
Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
Voorhees, NJ PURPOSE: GENERAL SUPPORT | $10,000 |
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 |
Adp Foundation Roseland, NJ | $23,560,078 | $20,725,290 |
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 |
J M Lockhart Lockhart J M Ally Herc Pittsburgh, PA | $71,861,137 | $5,661,653 |
John R Mccune Char Trust No 9721 Pittsburgh, PA | $72,660,293 | $3,170,444 |