Weitz Family Foundation
- Assets
- $41.3m
- Revenue
- $24.0m
- Investments
- $41.0m
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 09/2001
- Data as of
- 08/2021
- EIN
- 47-0834133
Organization Overview
Weitz Family Foundation is located in Omaha, NE. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Weitz 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 08/2021, Weitz Family Foundation generated $24.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.4% each year . All expenses for the organization totaled $14.0m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Weitz Family Foundation has awarded 693 individual grants totaling $71,546,376. 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 |
|---|---|---|---|
Kathryn A Weitz Executive Director | 15 | $147,337 | |
Barbara V Weitz Vice President & Secretary | 1 | $0 | |
Wallace R Weitz President & Treasurer | 1 | $0 | |
Andrew S Weitz Director | 1 | $0 | |
Roger T Weitz Director | 1 | $0 | |
Kathleen Weitz Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $20,000,000 |
| Interest on Savings | $609 |
| Dividends & Interest | $5,607 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,035,606 |
| Capital Gain Net Income | $4,035,606 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$5,533 |
| Total Revenue | $24,036,289 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $147,337 |
| Other employee salaries and wages | $136,667 |
| Pension plans, employee benefits | $42,309 |
| Interest | $0 |
| Taxes | $111,889 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $250 |
| Printing and publications | $0 |
| Other expenses | $55,323 |
| Total operating and administrative expenses | $508,218 |
| Contributions, gifts, grants paid | $13,524,450 |
| Total expenses and disbursements | $14,032,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $273,366 |
| 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 | $40,047,326 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,283,061 |
| 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 | $10,798 |
| Total liabilities | $10,798 |
Grants Awarded
Over the last fiscal year, Weitz Family Foundation has awarded $13,524,450 in support to 166 organizations.
| Grant Recipient | Amount |
|---|---|
YATES FUND PURPOSE: GENERAL OPERATING | $500,000 |
New York, NY PURPOSE: GENERAL OPERATING | $500,000 |
Omaha, NE PURPOSE: GENERAL OPERATING | $447,000 |
AVENUE SCHOLARS PURPOSE: GENERAL OPERATING | $400,000 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: SERVICE LEARNING | $384,000 |
OPERA OMAHA PURPOSE: GENERAL OPERATING | $360,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Trust Denver, CO | $0 | $33,250,092 |
Bohemian Foundation Fort Collins, CO | $90,098,504 | $41,050,944 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
Ascension Providence Foundation St Louis, MO | $25,786,185 | $4,059,548 |
Miller Family Foundation Inc Pittsburg, KS | $66,698,223 | $18,550,862 |
Apex Oil Company Charitable Foundation Clayton, MO | $5,552,503 | $420,890 |
Kelly Family Foundation Olathe, KS | $26,568,839 | $10,534,027 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Prologis Foundation Denver, CO | $28,249,002 | $8,550,894 |
The Armstrong Foundation Denver, CO | $15,272,297 | $4,890,306 |
Schmitz Family Foundation Denver, CO | $52,849,547 | $5,123,702 |