Lachman Family Foundation Inc
- Assets
- $13.7m
- Revenue
- $640.9k
- Investments
- $13.7m
- Employees
- 0
- Location
- West Harrison, NY
- Founding
- 01/2003
- Data as of
- 12/2023
- EIN
- 32-0033014
Organization Overview
Lachman Family Foundation Inc is located in West Harrison, NY. The organization was established in 2003. 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. Lachman 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, Lachman Family Foundation Inc generated $640.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $803.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lachman Family Foundation Inc has awarded 65 individual grants totaling $5,538,370. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Lachman Pres/treas/dir | 0 | $0 | |
David Petshaft Vp/sec/dir | 0 | $0 | |
Roger Jee Vp/dir | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40,562 |
| Dividends & Interest | $399,865 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $200,449 |
| Capital Gain Net Income | $200,450 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $640,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,749 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,913 |
| Total operating and administrative expenses | $123,286 |
| Contributions, gifts, grants paid | $680,000 |
| Total expenses and disbursements | $803,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,185 |
| 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 | $11,613,263 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,504 |
| Total assets | $13,687,594 |
| 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, Lachman Family Foundation Inc has awarded $680,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SAN DIEGO OPERA PURPOSE: TO HELP DELIVER EXCEPTIONAL VOCAL PERFORMANCES AND EXCITING, ACCESSIBLE PROGRAMS TO DIVERSE AUDIENCES, FOCUSING ON COMMUNITY ENGAGEMENT AND THE TRANSFORMATIVE POWER OF LIVE PERFORMANCE. | $50,000 |
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR STUDENTS | $500,000 |
THE COMMUNITY KOLLEL INC PURPOSE: TO ENHANCE THE LOVE OF JEWISH LEARNING AND PRACTICE FOR ALL JEWS, YOUNG AND OLD, REGARDLESS OF BACKGROUND OR LEVEL OF KNOWLEDGE AND OBSERVANCE. | $85,000 |
UJA FEDERATION OF NEW YORK PURPOSE: CARING FOR JEWS EVERYWHERE AND NEW YORKERS OF ALL BACKGROUNDS, RESPONDING TO CRISES CLOSE TO HOME AND FAR AWAY, AND SHAPING OUR JEWISH FUTURE. | $15,000 |
THE JEWISH FEDERATIONS OF NORTH AMERICA PURPOSE: OUR MISSION IS TO PROTECT AND ENHANCE THE WELL-BEING OF JEWS WORLDWIDE THROUGH MEANINGFUL CONTRIBUTIONS TO COMMUNITY, ISRAEL AND CIVIL SOCIETY. | $15,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: AS THE LEADING GLOBAL JEWISH HUMANITARIAN ORGANIZATION, WE RESCUE JEWS IN DANGER, PROVIDE AID TO VULNERABLE JEWS, DEVELOP INNOVATIVE SOLUTIONS TO ISRAEL'S MOST COMPLEX SOCIAL CHALLENGES, CULTIVATE A JEWISH FUTURE, AND LEAD THE JEWISH COMMUNITY'S RESPONSE TO GLOBAL CRISES LIKE NATURAL DISASTERS, PUBLIC HEALTH EMERGENCIES, AND MORE. | $15,000 |