Shear Family Foundation Inc
- Assets
- $193.9m
- Revenue
- $4.6m
- Investments
- $187.1m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 47-1833006
Organization Overview
Shear Family Foundation Inc is located in Pittsburgh, PA. The organization was established in 2015. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shear Family Foundation Inc 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 12/2020, Shear Family Foundation Inc generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (44.8%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Shear Family Foundation Inc has awarded 408 individual grants totaling $44,206,068. 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 |
|---|---|---|---|
Andrea Glickman Secretary | 40 | $117,300 | |
John A Shear Vice President | 0.4 | $0 | |
Richard L Roadarmel Asst. Secr./asst. Treasurer | 0.4 | $0 | |
Gerald A Shear Vice President | 0.4 | $0 | |
Barbara S Shear President | 0.4 | $0 | |
Herbert S Shear Treasurer | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $981,186 |
| Dividends & Interest | $2,175,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,903,442 |
| Capital Gain Net Income | $1,893,250 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$444,513 |
| Total Revenue | $4,615,784 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $105,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,160 |
| Interest | $0 |
| Taxes | $111,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,446 |
| Total operating and administrative expenses | $1,748,894 |
| Contributions, gifts, grants paid | $7,397,818 |
| Total expenses and disbursements | $9,146,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,570,888 |
| Savings and temporary cash investments | $5,219,684 |
| 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 | $40,635 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $98,397,640 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $193,925,105 |
| 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, Shear Family Foundation Inc has awarded $8,475,000 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: VARIOUS PROGRAMS | $1,226,820 |
Teaneck, NJ PURPOSE: FOOD DISTRIBUTION- COVID SUPPORT | $652,500 |
AMERIAN ISRAEL EDUCATION FUND PURPOSE: AIEF | $400,000 |
JEWISH NATIONAL FUND PURPOSE: SPECIAL IN UNIFORM, FIREFIGHTERS | $314,000 |
Rutherford, CA PURPOSE: ASPIRE | $300,000 |
FRIENDS OF THE ISRAELI DEFENSE FORCES PURPOSE: CORONAVIRUS SUPPORT | $300,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Shear Family Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Healthnetwork Foundation Pepper Pike, OH PURPOSE: GENERAL SUPPORT & MEDICAL RESEARCH | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Ecumenical Enterprises Inc Dallas, PA | $29,362,494 | $14,819,334 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
The Foundation For Enhancing Communities Harrisburg, PA | $107,592,484 | $47,434,480 |
Shear Family Foundation Inc Pittsburgh, PA | $193,925,105 | $4,615,784 |
Veterans Of Foreign Wars Of Ohio Charities Columbus, OH | $6,551,466 | $8,213,931 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Rite Aid Healthy Futures Camp Hill, PA | $33,191,715 | $15,687,011 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |