Allen H & Selma W Berkman Charitable Trust
- Assets
- $738.8k
- Revenue
- $104.3k
- Investments
- $9.2k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1974
- Data as of
- 10/2022
- EIN
- 25-6144060
Organization Overview
Allen H & Selma W Berkman Charitable Trust is located in Boston, MA. The organization was established in 1974. 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. Allen H & Selma W Berkman Charitable Trust 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 10/2022, Allen H & Selma W Berkman Charitable Trust generated $104.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $14.7m during the year ending 10/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Allen H & Selma W Berkman Charitable Trust has awarded 337 individual grants totaling $20,755,316. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Berkman Trustee | 3 | $0 | |
William Rahm Trustee | 3 | $0 | |
Susan Berkman Rahm Trustee | 3 | $0 | |
Alan Ackerman Jr Trustee | 3 | $0 | |
Rt Winston Berkman-Breen Trustee | 3 | $0 | |
Helen Berkman Habbert Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Miller Investment Management | 10/30/21 | $69,518 |
Gma Foundations | 10/30/21 | $53,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $212,820 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$108,500 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,320 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,124 |
| Total operating and administrative expenses | $158,713 |
| Contributions, gifts, grants paid | $14,500,000 |
| Total expenses and disbursements | $14,658,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $729,580 |
| 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 | $9,170 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $738,750 |
| 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, Allen H & Selma W Berkman Charitable Trust has awarded $14,500,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VANGUARD CHARITABLE ENDOWMENT PROGRAM BERKMAN FAMILY CHARITABLE FD PURPOSE: UNRESTRICTED | $2,900,000 |
VANGUARD CHARITABLE ENDOWMENT PROGRAM - MCKEY & J BERKMAN FAMILY CHAR FD PURPOSE: UNRESTRICTED | $2,900,000 |
FIDELITY CHARITABLE - THE BRIDGEWATER FUND PURPOSE: UNRESTRICTED | $2,900,000 |
JEWISH FEDERATION OF GREATER PITTSBURGH - ALAN & BARBARA ACKERMAN FAMILY FD PURPOSE: UNRESTRICTED | $2,900,000 |
VANGUARD CHARITABLE ENDOWMNET PROGRAM - THE RAHM FAMILY DAF FUND PURPOSE: UNRESTRICTED | $2,900,000 |
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 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Stephen A Schwarzman Education Foundation New York, NY | $9,777,313 | $26,526,711 |
King Street Charitable Tr New York, NY | $21,156,424 | $2,759,208 |