Marty & Dorothy Silverman Foundation
- Assets
- $487.3m
- Revenue
- $34.0m
- Investments
- $383.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1987
- Data as of
- 07/2022
- EIN
- 22-2777449
Organization Overview
Marty & Dorothy Silverman Foundation is located in New York, NY. The organization was established in 1987. 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. Marty & Dorothy Silverman 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 07/2022, Marty & Dorothy Silverman Foundation generated $34.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $22.7m during the year ending 07/2022. While expenses have increased by 1.4% per year over the past 3 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 2020, Marty & Dorothy Silverman Foundation has awarded 918 individual grants totaling $64,195,166. 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 |
|---|---|---|---|
Lorin Silverman President/treasurer | 0 | $0 | |
Patty Lipshutz V.p./secretary | 0 | $0 | |
Allison Silverman Director | 0 | $0 | |
Seth Silverman Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 7/30/22 | $1,776,237 |
Deutsche Bank | 7/30/22 | $169,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $56,036 |
| Dividends & Interest | $16,597,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,259,265 |
| Capital Gain Net Income | $14,259,265 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,070,467 |
| Total Revenue | $33,997,785 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $510,924 |
| Depreciation | $0 |
| Occupancy | $171,657 |
| Travel, conferences, and meetings | $395 |
| Printing and publications | $0 |
| Other expenses | $2,434,231 |
| Total operating and administrative expenses | $3,194,857 |
| Contributions, gifts, grants paid | $19,542,374 |
| Total expenses and disbursements | $22,737,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $30,860,920 |
| 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 | $53,539,198 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $73,179,491 |
| Total assets | $487,288,926 |
| 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, Marty & Dorothy Silverman Foundation has awarded $19,542,374 in support to 230 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF FIREFIGHTERS PURPOSE: GENERAL DONATION | $500 |
FRIENDS OF THE EARTH PURPOSE: GENERAL DONATION | $12,000 |
FUND FOR PUBLIC HEALTH IN NEW YORK PURPOSE: GENERAL DONATION | $50,000 |
FUND FOR THE CITY OF NEW YORK PURPOSE: GENERAL DONATION | $45,000 |
GODDARD RIVERSIDE COMMUNITY CENTER PURPOSE: GENERAL DONATION | $40,000 |
GLOBAL WITNESS FOUNDATION PURPOSE: GENERAL DONATION | $50,000 |