Geltzer Family Foundation
- Assets
- $604.9k
- Revenue
- $64.5k
- Investments
- $590.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 43-2075972
Organization Overview
Geltzer Family Foundation is located in Wilmington, DE. The organization was established in 2005. 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. Geltzer 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, Geltzer Family Foundation generated $64.5k 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 (11.0%) each year. All expenses for the organization totaled $102.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Geltzer Family Foundation has awarded 96 individual grants totaling $980,035. 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 |
|---|---|---|---|
David R Geltzer Trustee | 20 | $0 | |
Ethan M Geltzer Trustee | 1 | $0 | |
Isaac S Geltzer Trustee | 1 | $0 | |
Leslee V Geltzer Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $484 |
| Dividends & Interest | $35,937 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,120 |
| Capital Gain Net Income | $37,144 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $64,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,905 |
| Total operating and administrative expenses | $7,005 |
| Contributions, gifts, grants paid | $95,653 |
| Total expenses and disbursements | $102,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,091 |
| Net Accounts receivable | $7,227 |
| 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 | $604,881 |
| 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, Geltzer Family Foundation has awarded $95,653 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DREXEL UNIVERSITY PURPOSE: HONORS COLLEGE ASPIRE PROGRAM | $10,000 |
DREXEL UNIVERSITY PURPOSE: PRESIDENT'S GENERAL PURPOSE FUND | $10,000 |
DREXEL UNIVERSITY PURPOSE: GELTZER FAMILY FOUNDATION ENDOWED SCHOLARSHIP FUND | $10,000 |
DREXEL UNIVERSITY PURPOSE: HILLEL AT DREXEL UNIVERSITY - HILLEL MENTORS PROJECT & HILLEL STUDENT PROGRAMMING | $10,000 |
DREXEL UNIVERSITY PURPOSE: DREXEL UNIVERSITY ATHLETICS TO SUPPORT PROGRAMS DURING THE 24 HOURS OF IMPACT | $2,000 |
DREXEL UNIVERSITY PURPOSE: THE DREXEL 100 ENDOWED SCHOLARSHIP FUND | $5,000 |