Lois & Irving Blum Foundation Inc
- Assets
- $12.3m
- Revenue
- $5.7m
- Investments
- $11.8m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 10/1965
- Data as of
- 12/2023
- EIN
- 52-6057035
Organization Overview
Lois & Irving Blum Foundation Inc is located in Baltimore, MD. The organization was established in 1965. 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. Lois & Irving Blum 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, Lois & Irving Blum Foundation Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.1% each year . All expenses for the organization totaled $5.3m during the year ending 12/2023. While expenses have increased by 25.1% per year over the past 5 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 2020, Lois & Irving Blum Foundation Inc has awarded 272 individual grants totaling $14,323,928. 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 |
|---|---|---|---|
Jeffery D Blum President/trustee | 1 | $0 | |
Carolyn P Blum Secretary/treasurer/trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Msh Consultants Inc | 12/30/23 | $169,500 |
Bny Mellon | 12/30/23 | $72,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,529,971 |
| Interest on Savings | $20 |
| Dividends & Interest | $295,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,905,277 |
| Capital Gain Net Income | $1,905,277 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,094 |
| Total Revenue | $5,741,668 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,820 |
| Total operating and administrative expenses | $303,462 |
| Contributions, gifts, grants paid | $5,016,428 |
| Total expenses and disbursements | $5,319,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,102 |
| Savings and temporary cash investments | $514,237 |
| 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 | $305,155 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,330,174 |
| 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, Lois & Irving Blum Foundation Inc has awarded $5,016,428 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR MIDDLE EAST PEACE INC PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
ADELANTE LATINA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
AMALGAMATED FOUNDATION PURPOSE: PROJECT SUPPORT | $82,500 |
ASIAN AMERICANS ADVANCING JUSTICE-ATLANTA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE INC PURPOSE: PROJECT SUPPORT | $100,000 |
AUSCHWITZ INSTITUTE FOR THE PREVENTION OF GENOCIDE AND MASS ATROCITIES PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |