Fredman Family Foundation Inc
- Assets
- $48.4m
- Revenue
- $2.1m
- Investments
- $42.4m
- Employees
- 0
- Location
- Bridgehampton, NY
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 27-1430745
Organization Overview
Fredman Family Foundation Inc is located in Bridgehampton, NY. The organization was established in 2010. 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. Fredman Family Foundation Inc 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 12/2023, Fredman Family Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Fredman Family Foundation Inc has awarded 165 individual grants totaling $10,868,600. 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 |
|---|---|---|---|
Kerin Mccarthy Fredman Director | 1 | $0 | |
Lauren Huot Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/21 | $75,338 |
Pkf O'connor Davies Llp | 12/30/21 | $52,742 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $112,671 |
| Dividends & Interest | $770,278 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$211,758 |
| Capital Gain Net Income | $724,205 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,411,488 |
| Total Revenue | $2,082,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $141,363 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $232,848 |
| Contributions, gifts, grants paid | $2,280,000 |
| Total expenses and disbursements | $2,512,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,119,221 |
| 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 | $12,488,279 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $894,508 |
| Total assets | $48,443,979 |
| 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 | $19,497 |
| Total liabilities | $19,497 |
Grants Awarded
Over the last fiscal year, Fredman Family Foundation Inc has awarded $2,280,000 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
ALICE'S KIDS PURPOSE: DONATION TO ENHANCE THE SELF-ESTEEM OF CHILDREN IN NEED BY PROVIDING THEM WITH TARGETED INDIVIDUAL ASSISTANCE TO FACILITATE THEIR PARTICIPATION IN SCHOLASTIC, RECREATIONAL AND SOCIAL ACTIVITIES. | $25,000 |
AMERICAN FRIENDS OF LATET HUMANITARIAN AID PURPOSE: TO HELP IN PROVIDING ASSISTANCE TO NEEDY POPULATIONS IN ISRAEL THROUGH SUPPORT OF PROGRAMS PROVIDING FOOD, MEDICAL SUPPLIES, AND OTHER ASSISTANCE. | $50,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: DONATION TO ASSIST IN SAFEGUARDING ISRAEL'S EMERGENCY MEDICAL SERVICE AND BLOOD BANK. | $50,000 |
BREAKTHROUGH COLLABORATIVE PURPOSE: TO PROVIDE ACADEMIC, COLLEGE-ACCESS AND PEER-MONITORING PROGRAMS TO HELP UNDER-SOURCED STUDENTS SUCCEED IN COLLEGE. | $250,000 |
BREAKTHROUGH MIAMI PURPOSE: DONATION FOR THE SUPPORT A SCHOLAR INITIATIVE | $25,000 |
CITY HARVEST INC PURPOSE: TO END HUNGER IN COMMUNITIES THROUGH NEW YORK CITY. | $15,000 |