Crane Family Foundation Inc
- Assets
- $33.3m
- Revenue
- $5.8m
- Investments
- $32.5m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 04/1992
- Data as of
- 12/2023
- 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 12/2023, Crane Family Foundation Inc generated $5.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Crane Family Foundation Inc has awarded 402 individual grants totaling $19,023,895. 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
2023
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 Director And Immediate Past President | 20 | $65,000 | |
Lawrence Ziffer Chief Executive Officer | 30 | $131,667 | |
Shale D Stiller Vice President | 1 | $0 | |
Amy Macht Vice President | 1 | $0 | |
David W Kinkopf Secretary | 1 | $0 | |
Darrell D Friedman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $273,650 |
| Dividends & Interest | $412,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,617 |
| Capital Gain Net Income | $2,617 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,069,682 |
| Total Revenue | $5,758,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $196,667 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,180 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,512 |
| Printing and publications | $682 |
| Other expenses | $113,825 |
| Total operating and administrative expenses | $402,029 |
| Contributions, gifts, grants paid | $3,986,168 |
| Total expenses and disbursements | $4,388,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $760,867 |
| 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 | $32,529,916 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,290,783 |
| 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 | $156,463 |
| Total liabilities | $156,463 |
Grants Awarded
Over the last fiscal year, Crane Family Foundation Inc has awarded $3,986,168 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
ACHIM PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $30,000 |
AGUDATH ISRAEL OF BALTMORE PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $5,000 |
AHAVAS YISRAEL CHARITY FUND (RABBI CHAIM KOWALSKY MEMORIAL AHAVAS YISRAEL F PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $7,000 |
BAIS YAAKOV SCHOOL FOR GIRLS PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $2,000 |
BALTIMORE COMMUNITY FOUNDATION PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $5,000 |
BALTIMORE COMMUNITY KOLLEL PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $15,000 |