Russell Berrie Foundation
- Assets
- $171.3m
- Revenue
- $17.5m
- Investments
- $153.9m
- Employees
- 0
- Location
- Teaneck, NJ
- Founding
- 02/1986
- Data as of
- 12/2022
- EIN
- 22-2620908
Organization Overview
Russell Berrie Foundation is located in Teaneck, NJ. The organization was established in 1986. 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 Berrie 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, Russell Berrie Foundation generated $17.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 64.3% each year . All expenses for the organization totaled $13.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Russell Berrie Foundation has awarded 747 individual grants totaling $178,775,429. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
THE FOUNDATION GRANTED FUNDS TO RBF PHILANTHROPIC SERVICES LTD., A WHOLLY OWNED SUBSIDIARY. RBF PHILANTHROPIC SERVICES, LTD. PROVIDES CERTAIN SERVICES IN CONNECTION WITH THE FOUNDATION'S GRANTMAKING ACTIVITIES IN ISRAEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Hirsch COO & CFO | 40 | $380,000 | |
Angelica Berrie President/trustee | 20 | $0 | |
David Rosenblatt Trustee | 5 | $0 | |
Ilan Kaufthal Trustee | 5 | $0 | |
Myron Rosner Secretary | 15 | $0 | |
Scott Berrie Vice President | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz | 12/30/22 | $170,326 |
Aristotle | 12/30/22 | $99,104 |
Cbiz Marks Paneth | 12/30/22 | $69,500 |
Drg Search | 12/30/22 | $66,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $314 |
| Dividends & Interest | $1,541,914 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,611,370 |
| Capital Gain Net Income | $15,607,351 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $317,142 |
| Total Revenue | $17,470,740 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $800,000 |
| Other employee salaries and wages | $1,095,200 |
| Pension plans, employee benefits | $371,072 |
| Interest | $0 |
| Taxes | $151,235 |
| Depreciation | $115,900 |
| Occupancy | $274,700 |
| Travel, conferences, and meetings | $157,005 |
| Printing and publications | $0 |
| Other expenses | $102,285 |
| Total operating and administrative expenses | $6,072,888 |
| Contributions, gifts, grants paid | $7,443,000 |
| Total expenses and disbursements | $13,515,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,475,800 |
| 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 | $89,200 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $153,866,734 |
| Net Land, buildings, and equipment | $648,300 |
| Other assets | $12,262,066 |
| Total assets | $171,342,100 |
| Accounts payable and accrued expenses | $512,361 |
| Grants payable | $30,185,162 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,568,009 |
| Total liabilities | $33,265,532 |
Grants Awarded
Over the last fiscal year, Russell Berrie Foundation has awarded $20,506,012 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
ADLER APHASIA CENTER PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $10,000 |
ALEPH SOCIETY INC PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $25,000 |
ALLIANCE FOR MIDDLE EAST PEACE INC PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $20,000 |
AMERICAN FRIENDS OF ITIM PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $100,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY INC PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $75,000 |
AMERICAN FRIENDS OF THE ISRAEL DEMOCRACY INSTITUTE INC PURPOSE: TO FURTHER DONEES EXEMPT PURPOSE | $100,000 |