Howard And Geraldine Polinger Foundation Inc
- Assets
- $113.1m
- Revenue
- $10.0m
- Investments
- $94.6m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1968
- Data as of
- 06/2022
- EIN
- 52-6078041
Organization Overview
Howard And Geraldine Polinger Foundation Inc is located in Washington, DC. The organization was established in 1968. 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. Howard And Geraldine Polinger 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 06/2022, Howard And Geraldine Polinger Foundation Inc generated $10.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $6.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Howard And Geraldine Polinger Foundation Inc has awarded 564 individual grants totaling $21,434,745. 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 |
|---|---|---|---|
Lorre Beth Polinger President | 5 | $0 | |
Arnold Lee Polinger Director | 1 | $0 | |
David Marc Polinger Treasurer | 1 | $0 | |
Erica Pressman Secretary/ceo | 40 | $190,000 | |
Mollie Barnathan Director | 1 | $0 | |
Jan Polinger Chavis Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Veritable Lp | 6/29/22 | $303,897 |
Jp Morgan Private Bank | 6/29/22 | $123,942 |
Stanley Laman Group Ltd | 6/29/22 | $51,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,323,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,647,956 |
| Capital Gain Net Income | $7,647,956 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,961 |
| Total Revenue | $10,006,691 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $190,000 |
| Other employee salaries and wages | $207,127 |
| Pension plans, employee benefits | $37,101 |
| Interest | $0 |
| Taxes | $127,852 |
| Depreciation | $0 |
| Occupancy | $26,929 |
| Travel, conferences, and meetings | $37,891 |
| Printing and publications | $0 |
| Other expenses | $38,167 |
| Total operating and administrative expenses | $1,270,654 |
| Contributions, gifts, grants paid | $5,285,547 |
| Total expenses and disbursements | $6,556,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,473,579 |
| Savings and temporary cash investments | $5,690,017 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $11,330,391 |
| 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 | $26,517,408 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,529 |
| Total assets | $113,073,340 |
| 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, Howard And Geraldine Polinger Foundation Inc has awarded $5,285,547 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
350 ORG PURPOSE: GENERAL OPERATING | $47,750 |
ACTION FOR BOSTON COMMUNITY DEVELOPMENT PURPOSE: SUMMER WORKS PROGRAM | $2,500 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC PURPOSE: GENERAL OPERATING | $7,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: UKRAINE PROGRAMING | $2,500 |
AMALGAMATED CHARITABLE FOUNDATION INC PURPOSE: WAY TO RISE | $50,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: EMERGENCY CAMPAIGN FOR UKRAINE | $125,000 |