Richard W Goldman Family Foundation
- Assets
- $91.8m
- Revenue
- $3.9m
- Investments
- $89.8m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 45-1261400
Organization Overview
Richard W Goldman Family Foundation is located in Washington, DC. The organization was established in 2011. 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. Richard W Goldman 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 12/2021, Richard W Goldman Family Foundation generated $3.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Richard W Goldman Family Foundation has awarded 78 individual grants totaling $11,289,002. 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 |
|---|---|---|---|
Serra Falk Goldman Board Member | 1 | $0 | |
Alice Goldman Reiter President | 1 | $0 | |
Daniel S Goldman Secretary & Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arabella Advisors Llc | 12/30/21 | $208,500 |
Bbr Partners Llc | 12/30/21 | $326,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $196 |
| Dividends & Interest | $432,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,447,186 |
| Capital Gain Net Income | $5,558,822 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51,618 |
| Total Revenue | $3,931,365 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,472 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,903 |
| Total operating and administrative expenses | $712,549 |
| Contributions, gifts, grants paid | $3,600,001 |
| Total expenses and disbursements | $4,312,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,289,728 |
| 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 | $2,268 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $61,532,016 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $646,408 |
| Total assets | $91,751,514 |
| Accounts payable and accrued expenses | $107,516 |
| 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 | $107,516 |
Grants Awarded
Over the last fiscal year, Richard W Goldman Family Foundation has awarded $3,600,001 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: DANIEL AND CORINNE GOLDMAN CHARITABLE FUND | $366,667 |
SCHWAB CHARITABLE FUND PURPOSE: ALICE AND BEN REITER CHARITABLE FUND | $366,667 |
MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST PURPOSE: THE CONNECTICUT STREET FOUNDATION DAF | $366,667 |
ALLIANCE FOR EARLY SUCCESS PURPOSE: GENERAL OPERATING SUPPORT FOR CHILDCARE NEXT | $300,000 |
Chicago, IL PURPOSE: SUPPORT FOR ACHIEVE ONDEMAND, EDUCARE, AND THE FIRST FIVE YEARS FUND | $300,000 |
PARENTCHILD PURPOSE: GENERAL OPERATING SUPPORT | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |