Salice Fam Charitable Tr

Organization Overview

Salice Fam Charitable Tr is located in Rye, NY. The organization was established in 2002. 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. Salice Fam Charitable Tr 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 12/2020, Salice Fam Charitable Tr generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2020

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)Compensation
Thomas Salice
Trustee
$0
Susan Salice
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,527
Dividends & Interest $834,810
Net Rental Income$0
Net Gain on Sale of Assets $4,232,517
Capital Gain Net Income $4,232,517
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $11,549
Total Revenue $5,081,403

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