Kenneth And Claudia Silverman Family Foundation
- Assets
- $11.4m
- Revenue
- $1.2m
- Investments
- $8.6m
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 02/2000
- Data as of
- 12/2022
- EIN
- 22-6831069
Organization Overview
Kenneth And Claudia Silverman Family Foundation is located in Basking Ridge, NJ. The organization was established in 2000. 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. Kenneth And Claudia Silverman Family 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, Kenneth And Claudia Silverman Family Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $509.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Kenneth And Claudia Silverman Family Foundation has awarded 205 individual grants totaling $6,035,451. 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 |
|---|---|---|---|
Kenneth Silverman Trustee/settlor | 0 | $0 | |
Claudia Silverman Trustee/settlor | 0 | $0 | |
Britany Nelson Trustee(full Year)/manager | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $194,526 |
| Interest on Savings | $0 |
| Dividends & Interest | $364,173 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $632,987 |
| Capital Gain Net Income | $632,987 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,764 |
| Total Revenue | $1,200,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,912 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,190 |
| Total operating and administrative expenses | $71,102 |
| Contributions, gifts, grants paid | $437,992 |
| Total expenses and disbursements | $509,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,856,930 |
| 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 | $1,349,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,428,309 |
| 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 | $8,174 |
| Total liabilities | $8,174 |
Grants Awarded
Over the last fiscal year, Kenneth And Claudia Silverman Family Foundation has awarded $437,992 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT SINAI DEPARTMENT OF SURGERY PURPOSE: GENERAL CHARITABLE | $125,000 |
CHABAD HOUSE - LUBAVITCH INC PURPOSE: GENERAL CHARITABLE | $50,000 |
GILL ST BERNARD'S SCHOOL PURPOSE: GENERAL CHARITABLE | $88,492 |
ICAHN SCHOOL OF MEDICINE PURPOSE: GENERAL CHARITABLE | $50,000 |
NYU FACES PURPOSE: GENERAL CHARITABLE | $15,000 |
YAMBA MALAWI PURPOSE: GENERAL CHARITABLE | $25,000 |