Posner-Wallace Foundation
- Assets
- $3.6m
- Revenue
- $255.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/1958
- Data as of
- 12/2022
- EIN
- 52-6037555
Organization Overview
Posner-Wallace Foundation is located in Wilmington, DE. The organization was established in 1958. 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. Posner-Wallace 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 12/2022, Posner-Wallace Foundation generated $255.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $510.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Posner-Wallace Foundation has awarded 2,288 individual grants totaling $2,677,244. 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 |
|---|---|---|---|
Diana Erbsen Trustee | 1 | $0 | |
James R Posner Chair Emeritus | 2 | $3,333 | |
Nicholas Posner Trustee, Cfo, Treas | 3 | $3,333 | |
Stephanie Posner Associate Trustee | 1 | $0 | |
Jill Prosky Associate Trustee, Trustee | 1 | $0 | |
Andrew C Smith Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $703 |
| Dividends & Interest | $109,542 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $130,440 |
| Capital Gain Net Income | $138,788 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,895 |
| Total Revenue | $255,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14 |
| Printing and publications | $55 |
| Other expenses | $27,262 |
| Total operating and administrative expenses | $71,082 |
| Contributions, gifts, grants paid | $439,044 |
| Total expenses and disbursements | $510,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $221,080 |
| 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 | $350,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $216,232 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $43,000 |
| Total assets | $3,579,167 |
| 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, Posner-Wallace Foundation has awarded $439,044 in support to 260 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN BAR ASSOCIATION FUND FOR JUSTICE AND EDUC PURPOSE: ABA TAX SECTION TAX ASSISTANCE PUBLIC SERVICE ENDOWMENT FUND (TAPS) | $1,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: TO SUPPORT JDC EFFORTS IN UKRAINE, RELATING TO CURRENT POLITICAL, ECONOMIC AND HUMANITARIAN SITUATION OTHER THAN DIRECT MILITARY ASSISTANCE | $3,600 |
AMERICAN NATIONAL RED CROSS PURPOSE: FOR HURRICANE IAN RELIEF | $1,000 |
ASHOKA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
BALLET HISPANICO OF NEW YORK PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BEND THE ARC-A JEWISH PARTNERSHIP FOR JUSTICE PURPOSE: GENERAL & UNRESTRICTED | $800 |