The Grossman Family Foundation
- Assets
- $0.0
- Revenue
- $19.4m
- Investments
- $149.5m
- Employees
- 0
- Location
- Cos Cob, CT
- Founding
- 04/2010
- Data as of
- 12/2021
- EIN
- 26-3919092
Organization Overview
The Grossman Family Foundation is located in Cos Cob, CT. The organization was established in 2010. 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. Grossman 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 12/2021, Grossman Family Foundation generated $19.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $8.7m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Grossman Trustee | 8 | $0 | |
Carole Greenberg Trustee | 8.5 | $11,406 | |
Paul Napoli Trustee | 8.5 | $8,750 | |
Judith C Meyers Trustee | 2 | $8,750 | |
Ethan Grossman Trustee | 2 | $49,335 | |
Leslie Grossman Trustee | 2.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiduciary Trust Company International | 12/30/20 | $126,220 |
Bank Of America Private Bank | 12/30/20 | $105,950 |
Andrea Berman | 12/30/20 | $53,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,481,396 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,995,919 |
| Total Revenue | $19,398,345 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $276,125 |
| Pension plans, employee benefits | $8,523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,600 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,134,992 |
| Contributions, gifts, grants paid | $7,599,947 |
| Total expenses and disbursements | $8,734,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,541,298 |
| Investments—mortgage loans | $0 |
| Investments—other | $23,910,672 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Grossman Family Foundation has awarded $9,001,564 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PHILANTROPHIC TRUST PURPOSE: GENERAL | $1,971,109 |
NATIONAL PHILANTROPHIC TRUST PURPOSE: GENERAL | $1,200,283 |
NATIONAL PHILANTROPHIC TRUST PURPOSE: GENERAL | $5,830,172 |