Steven K And Winifred A Grinspoon Foundation
- Assets
- $14.5m
- Revenue
- $2.9m
- Investments
- $13.4m
- Employees
- 0
- Location
- Agawam, MA
- Founding
- 07/2008
- Data as of
- 08/2023
- EIN
- 26-1969309
Organization Overview
Steven K And Winifred A Grinspoon Foundation is located in Agawam, MA. The organization was established in 2008. 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. Steven K And Winifred A Grinspoon 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 08/2023, Steven K And Winifred A Grinspoon Foundation generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 65.0% each year . All expenses for the organization totaled $10.8m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Steven K And Winifred A Grinspoon Foundation has awarded 207 individual grants totaling $5,502,140. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Grinspoon Trustee | 0.25 | $0 | |
Winifred Sandler Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,060,818 |
| Interest on Savings | $19 |
| Dividends & Interest | $423,299 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $429,042 |
| Capital Gain Net Income | $429,042 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,913,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,089 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,664 |
| Total operating and administrative expenses | $43,753 |
| Contributions, gifts, grants paid | $10,727,653 |
| Total expenses and disbursements | $10,771,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,064,555 |
| Net Accounts receivable | $1,867 |
| 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 | $12,024,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,694 |
| Total assets | $14,451,357 |
| 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 | $8,500,000 |
| Total liabilities | $8,500,000 |
Grants Awarded
Over the last fiscal year, Steven K And Winifred A Grinspoon Foundation has awarded $2,227,653 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AJC NEW ENGLAND PURPOSE: CASH SUPPORT-GENERAL PURPOSES | $30,000 |
ANTI-DEFAMATION LEAGUE PURPOSE: CASH SUPPORT-GENERAL PURPOSES | $33,333 |
ARNOLD P GOLD FOUNDATION PURPOSE: CASH SUPPORT-GENERAL PURPOSES | $12,500 |
CAMBODIAN MEDICAL CLINIC FOUNDATION PURPOSE: CASH SUPPORT-GENERAL PURPOSES | $6,120 |
COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON PURPOSE: CASH SUPPORT-GENERAL PURPOSES | $47,500 |
CONGREGATION OR ATID PURPOSE: CASH SUPPORT-GENERAL PURPOSES | $13,600 |