Crane Family Foundation Inc
- Assets
- $31.8m
- Revenue
- $4.9m
- Investments
- $29.9m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1992
- Data as of
- 12/2021
- EIN
- 52-1755504
Organization Overview
Crane Family Foundation Inc is located in Baltimore, MD. The organization was established in 1992. 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. Crane 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 12/2021, Crane Family Foundation Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 0.2% 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 2014, Crane Family Foundation Inc has awarded 213 individual grants totaling $10,304,727. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION MAKES CONTRIBUTIONS TO OTHER SECTION 501(C)(3) ORGANIZATIONS. SEE ATTACHED SCHEDULE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence M Katz President | 40 | $200,000 | |
Shale D Stiller Vice President | 0 | $0 | |
Benjamin Greenwald Treasurer | 0 | $0 | |
Amy Macht Vice President | 0 | $0 | |
Darrell D Friedman Secretary | 0 | $0 | |
David W Kinkopf Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $228,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $213,685 |
| Capital Gain Net Income | $213,685 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,467,866 |
| Total Revenue | $4,910,328 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $244,885 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $369 |
| Printing and publications | $0 |
| Other expenses | $108,215 |
| Total operating and administrative expenses | $646,845 |
| Contributions, gifts, grants paid | $4,064,980 |
| Total expenses and disbursements | $4,711,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,864,301 |
| 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 | $29,908,537 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,772,838 |
| 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 | $131,083 |
| Total liabilities | $131,083 |
Grants Awarded
Over the last fiscal year, Crane Family Foundation Inc has awarded $4,064,980 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: ANNUAL CAMPAIGN, SHEMESH, DAY SCHOOL COUNCIL, HA'ALEH HUB, HILLEL OF COLLEGE PARK AND GREATER BALTIMORE | $1,282,500 |
Baltimore, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $879,000 |
Baltimore, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $200,000 |
Baltimore, MD PURPOSE: FAMILY VIOLENCE RESPONSE PROGRAM AND GENERAL SUPPORT | $110,000 |
Owings Mills, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $90,000 |
Baltimore, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $51,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
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 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Posner Foundation Of Pittsburgh Pittsburgh, PA | $0 | $20,216,193 |