Max And Marian Farash Charitable Foundation
- Assets
- $362.3m
- Revenue
- $48.4m
- Investments
- $346.6m
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 22-2948675
Organization Overview
Max And Marian Farash Charitable Foundation is located in Rochester, NY. The organization was established in 2014. 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. Max And Marian Farash Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Max And Marian Farash Charitable Foundation has awarded 903 individual grants totaling $46,472,524. 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 |
|---|---|---|---|
Hollis S Budd Executive Director | 37.5 | $331,110 | |
Susan Rosenbloom Chief Finance & Admi | 37.5 | $226,189 | |
Megan Bell Chief Program Office | 37.5 | $213,905 | |
Trisha Butera Controller | 37.5 | $137,376 | |
Alicia Jinks Grants Management Of | 37.5 | $106,256 | |
Thomas H Jackson Trustee & Board Chair | 11 | $35,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harter Secrest & Emery & Co Llp | 12/30/21 | $311,309 |
The Mind Trust | 12/30/21 | $126,556 |
Clal-the National Jewish Center For Learning A | 12/30/21 | $95,000 |
Education First Consulting Llc | 12/30/21 | $85,284 |
The Cabot Group | 12/30/21 | $68,114 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $363,637 |
| Dividends & Interest | $2,879,557 |
| Net Rental Income | -$312,948 |
| Net Gain on Sale of Assets | $39,001,995 |
| Capital Gain Net Income | $39,321,995 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,269,288 |
| Total Revenue | $48,394,815 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $280,000 |
| Other employee salaries and wages | $1,422,435 |
| Pension plans, employee benefits | $624,891 |
| Interest | $0 |
| Taxes | $828,468 |
| Depreciation | $700,665 |
| Occupancy | $47,180 |
| Travel, conferences, and meetings | $22,131 |
| Printing and publications | $0 |
| Other expenses | $5,057,430 |
| Total operating and administrative expenses | $9,822,526 |
| Contributions, gifts, grants paid | $10,717,872 |
| Total expenses and disbursements | $20,540,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $453,251 |
| 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 | $853,397 |
| Net Investments - land, buildings, equipment | $14,388,051 |
| Investments—mortgage loans | $0 |
| Investments—other | $346,555,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $362,269,978 |
| Accounts payable and accrued expenses | $679,319 |
| Grants payable | $1,912,641 |
| Deferred revenue | $73,463 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,665,423 |
Grants Awarded
Over the last fiscal year, Max And Marian Farash Charitable Foundation has awarded $10,148,379 in support to 170 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: CHARITABLE PURPOSE | $1,640,000 |
Rochester, NY PURPOSE: CHARITABLE PURPOSE | $838,910 |
Rochester, NY PURPOSE: CHARITABLE PURPOSE | $510,879 |
Rochester, NY PURPOSE: CHARITABLE PURPOSE | $330,500 |
TEMPLE BETH EL PURPOSE: CHARITABLE PURPOSE | $302,386 |
Rochester, NY PURPOSE: CHARITABLE PURPOSE | $270,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |