Milton And Lois Shiffman Family Support Foundation
- Assets
- $131.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 10/1988
- Data as of
- 05/2024
- EIN
- 38-2824407
Organization Overview
Milton And Lois Shiffman Family Support Foundation is located in Bloomfield Hills, MI. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Milton And Lois Shiffman Family Support 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 05/2024, Milton And Lois Shiffman Family Support Foundation generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $22.2k during the year ending 05/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Milton And Lois Shiffman Family Support Foundation has awarded 23 individual grants totaling $3,709,095. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
GRANTS AND AWARDS ARE GIVEN TO CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Shiffman President, Director | 0.5 | $0 | |
Gail Shiffman Hennes Vice President, Director | 0.5 | $0 | |
Steven Ingber Secretary, Director | 0.5 | $0 | |
Dorothy Benyas Treasurer, Director | 0.5 | $0 | |
Joel S Golden Director | 0.5 | $0 | |
Brian Hermelin Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,767 |
| Gain or Loss | $1,227 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,994 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,066 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,161 |
| Total expenses | $22,227 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $131,094 |
| Total liabilities | $334,293 |
| Net assets or fund balances | -$203,199 |
Grants Awarded
Over the last fiscal year, Milton And Lois Shiffman Family Support Foundation has awarded $1,555,175 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
YESHIVATH BETH YEHUDAH PURPOSE: TO SUPPORT THE RELIGION | $354,293 |
JEWISH FEDERATION OF METROPOLITAN DETROIT PURPOSE: TO SUPPORT THE ANNUAL CAMPAIGN. | $1,000,000 |
FRESH AIR SOCIETY PURPOSE: TO SUPPORT THE COMMUNITY. | $22,882 |
LUBAVITCH FOUNDATION PURPOSE: TO SUPPORT THE JEWISH COMMUNITY. | $45,000 |
JEWISH THEOLOGICAL SEMINARY OF AMERICA PURPOSE: TO SUPPORT SEMINARY STUDY PROGRAMS | $100,000 |
FRIENDS OF THE ISRAEL DEFENSE FORCE PURPOSE: TO SUPPORT THE JEWISH COMMUNITY. | $8,000 |