Matan Family Foundation Inc
- Assets
- $4.0m
- Revenue
- $1.9m
- Investments
- $3.9m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 27-5370859
Organization Overview
Matan Family Foundation Inc is located in Frederick, MD. The organization was established in 2013. 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. Matan 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 12/2021, Matan Family Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 70.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 51.9% per year over the past 6 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.
Since 2017, Matan Family Foundation Inc has awarded 49 individual grants totaling $2,007,754. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - DONATED TO SCHOOLS AND RELATED ORGANIZATIONS TO ALLOW THEM TO CONTINUE THE EDUCATION OF THEIR STUDENTS.
COMMUNITY OUTREACH - TO ASSIST LOCAL AND GLOBAL CHARITIES TO CONTINUE PROVIDING SERVICES TO INDIVIDUALS IN NEED.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $466,569 |
| Interest on Savings | $66 |
| Dividends & Interest | $64,520 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,352,442 |
| Capital Gain Net Income | $1,352,442 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,883,597 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,369 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,421 |
| Total operating and administrative expenses | $35,490 |
| Contributions, gifts, grants paid | $1,383,095 |
| Total expenses and disbursements | $1,418,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,456 |
| Savings and temporary cash investments | $0 |
| 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 | $810 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,433,534 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,339 |
| Total assets | $4,036,385 |
| 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, Matan Family Foundation Inc has awarded $1,383,095 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: STRIVES TO CREATE A DYNAMIC AND CARING LEARNING ENVIRONMENT WHICH IT UNITES WITH ITS ACADEMIC, EXTRA-CURRICULAR, AND ATHLETIC PROGRAMS TO HELP FORM MEN WITH AND FOR OTHERS, THAT IS, GRADUATES WHO ARE OPEN TO GROWTH, INTELLECTUALLY COMPETENT, RELIGIOUS, LOVING, AND COMMITTED TO DOING JUSTICE. | $1,005,000 |
STONE RIDGE SCHOOL OF THE SACRED HEART PURPOSE: INSPIRES YOUNG WOMEN TO LEAD AND SERVE, THROUGH LIVES OF PURPOSE THAT INTEGRATE FAITH, INTELLECT, COMMUNITY, SOCIAL ACTION, AND PERSONAL GROWTH IN AN ATMOSPHERE OF WISE FREEDOM. | $166,666 |
Washington, DC PURPOSE: MANAGES ENDOWMENT ASSETS AND PROVIDES FINANCIAL SUPPORT TO CATHOLIC CHARITIES OF ARCHDIOCESE OF WASHINGTON, AN AFFILIATED ORGANIZATION. | $100,000 |
YMCA OF FREDERIC COUNTY PURPOSE: STRENGTHENING COMMUNITY THROUGH YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY | $49,929 |
Potomac, MD PURPOSE: EMPHASIZES ACADEMIC CHALLENGE, JOY OF LEARNING AND EDUCATION OF WELL-ROUNDED WOMEN OF FAITH AND ACTION. | $25,000 |
Washington, DC PURPOSE: TO PROVIDE A HIGH QUALITY AND COMPREHENSIVE EDUCATION TO BOYS FROM LOW-INCOME COMMUNITIES, OFFERING THEM A SAFE, RIGOROUS ACADEMIC SETTING AND ADVANCING THEIR SPIRITUAL, INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH. | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |
Laszlo N Tauber Family Foundation Inc North Bethesda, MD | $0 | $1,758,712 |
Breakthrough Prize In Life Sciences Foundation Washington, DC | $615,230 | $10,652,847 |