Berstein Family Foundation
- Assets
- $5.5m
- Revenue
- $339.8k
- Investments
- $5.2m
- Employees
- 0
- Location
- Radnor, PA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 38-7217316
Organization Overview
Berstein Family Foundation is located in Radnor, PA. The organization was established in 2019. 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. Berstein 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, Berstein Family Foundation generated $339.8k 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 (3.2%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berstein Family Foundation has awarded 133 individual grants totaling $6,417,500. 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 |
|---|---|---|---|
Joseph H Berstein Trustee | 1 | $0 | |
Jeffrey Berstein Trustee | 1 | $0 | |
Dana Berstein Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $220,632 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,151 |
| Capital Gain Net Income | $119,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $339,783 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $481 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,552 |
| Total operating and administrative expenses | $218,976 |
| Contributions, gifts, grants paid | $1,616,967 |
| Total expenses and disbursements | $1,835,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,420 |
| Savings and temporary cash investments | $239,680 |
| 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 | $116,141 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,471,721 |
| 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, Berstein Family Foundation has awarded $1,616,967 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER SCHOOL ACTIVITIES PARTNERSHIP PURPOSE: GENERAL OPERATING | $50,000 |
INNER STRENGTH FOUNDATION PURPOSE: GAMP-BERSTEIN GRANT 2023-2024 | $24,000 |
JEWISH NATIONAL FUND PURPOSE: GOLF SPONSORSHIP | $500 |
LAUNCH OF PHILADELPHIA-UTP PURPOSE: WB SAUL - BERSTEIN GRANT 2023-2024 | $24,500 |
PHILADELPHIA HEIGHTS PURPOSE: GIRLS HIGH-BERSTEIN GRANT 2023-2024 | $35,000 |
PHILADELPHIA OUTWARD BOUND PURPOSE: WB SAUL - BERSTEIN GRANT 2023-2024 | $14,500 |