Gregg Aaron Zale Family Foundation
- Assets
- $0.0
- Revenue
- $5.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Glencoe, IL
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 36-4333001
Organization Overview
Gregg Aaron Zale Family Foundation is located in Glencoe, IL. The organization was established in 2000. 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. Gregg Aaron Zale 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 12/2023, Gregg Aaron Zale Family Foundation generated $5.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (38.4%) each year. All expenses for the organization totaled $803.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Gregg Aaron Zale Family Foundation has awarded 26 individual grants totaling $969,804. 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
THE FOUNDATION DOES NOT CONDUCT ANY DIRECT CHARITABLEACTIVITIES. ACCORDINGLY, THERE IS NO RELEVANT STATISTICALINFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberta Zale President/secretary/treasurer | 0.25 | $0 | |
Amy Joffe Vice President | 0.25 | $0 | |
Melissa Norris Vp/secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,950 |
| Dividends & Interest | $9,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,225 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $154 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,098 |
| Total operating and administrative expenses | $19,852 |
| Contributions, gifts, grants paid | $783,504 |
| Total expenses and disbursements | $803,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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, Gregg Aaron Zale Family Foundation has awarded $783,504 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT FOR THE AMY ZALE JOFFE FUND (THE "AMY FUND") | $390,252 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT FOR THE MELISSA ZALE NORRIS FUND (THE "MELISSA FUND") | $390,252 |
THE JOFFREY BALLET PURPOSE: GENERAL SUPPORT | $3,000 |