Druskin Family Foundation Inc
- Assets
- $2.5k
- Revenue
- $195.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 22-3512395
Organization Overview
Druskin Family Foundation Inc is located in Albany, NY. The organization was established in 1997. 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. Druskin Family Foundation Inc 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 12/2023, Druskin Family Foundation Inc generated $195.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.3%) each year. All expenses for the organization totaled $160.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Druskin Family Foundation Inc has awarded 15 individual grants totaling $252,250. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Druskin Chairman | 1 | $0 | |
Harriett A Druskin Vice Chairman | 1 | $0 | |
Ben Druskin Trustee | 1 | $0 | |
Melissa Druskin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $114,927 |
| Interest on Savings | $70 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,355 |
| Capital Gain Net Income | $77,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,658 |
| Total Revenue | $195,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,900 |
| Contributions, gifts, grants paid | $157,500 |
| Total expenses and disbursements | $160,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,532 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,532 |
| 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, Druskin Family Foundation Inc has awarded $252,250 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
RUTGERS UNIVERSITY FOUNDATION PURPOSE: GENERAL | $200,000 |
THIRTEEN PURPOSE: GENERAL | $500 |
SOMERSET HILLS YMCA PURPOSE: GENERAL | $750 |
FOUNDATION FOR MORRISTOWN MEDICAL CENTER PURPOSE: GENERAL | $10,000 |
LIFECAMP PURPOSE: GENERAL | $20,000 |
AARP FOUNDATION PURPOSE: GENERAL | $1,000 |