Osterman Family Foundation
- Assets
- $6.5m
- Revenue
- $710.1k
- Investments
- $6.1m
- Employees
- 0
- Location
- Whitinsville, MA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-1534293
Organization Overview
Osterman Family Foundation is located in Whitinsville, MA. The organization was established in 2014. 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. Osterman 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.
Since 2016, Osterman Family Foundation has awarded 49 individual grants totaling $970,362. 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 |
|---|---|---|---|
Ernest Osterman Trustee | 10 | $0 | |
Vincent Osterman Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $65,022 |
| Interest on Savings | $26,215 |
| Dividends & Interest | $129,101 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $489,723 |
| Capital Gain Net Income | $489,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $710,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,202 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $63,022 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $98,050 |
| Contributions, gifts, grants paid | $325,000 |
| Total expenses and disbursements | $423,050 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $384,979 |
| Net Accounts receivable | $2,369 |
| 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 | $6,486,194 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $325,000 |
| 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 | $325,000 |
Grants Awarded
Over the last fiscal year, Osterman Family Foundation has awarded $325,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
DAILY TABLE PURPOSE: ONLINE GROCERY ORDERING & DELIVERY PROGRAM | $50,000 |
Concord, MA PURPOSE: MOBILE FOOD PROGRAM | $40,000 |
Worcester, MA PURPOSE: EXTENDED LEARNING AFTER-SCHOOL TUTORING INITIATIVE PROGRAM | $35,000 |
Amesbury, MA PURPOSE: CREATING FOOD SECURITY FOR CHILDREN AND FAMILIES PROGRAM | $30,500 |
THE CARE CENTER PURPOSE: CABOT STREET COLLEGE - GREENFIELD COMMUNITY COLLEGE PROGRAM | $30,000 |
Springfield, MA PURPOSE: YOUTH DEVELOPMENT SPRINGFIELD COLLEGE PARTNERSHIP PROGRAM | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harold Grinspoon Foundation Agawam, MA | $968,665,027 | $58,159,410 |
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |