Goldsmith Legacy Foundation
- Assets
- $1.6m
- Revenue
- $36.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 56-2626361
Organization Overview
Goldsmith Legacy Foundation is located in Pasadena, CA. The organization was established in 2008. 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. Goldsmith Legacy 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, Goldsmith Legacy Foundation generated $36.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.6%) each year. All expenses for the organization totaled $148.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Goldsmith Legacy Foundation has awarded 126 individual grants totaling $798,000. 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 |
|---|---|---|---|
Jessica Goldsmith Treasurer | 0.5 | $0 | |
Janelle Smith President | 0.5 | $0 | |
Jason Smith Vice President | 0.5 | $0 | |
Judy Fullman Secretary | 0.5 | $0 | |
Jamen Wurm Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,701 |
| Dividends & Interest | $38,421 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,136 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,986 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,949 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,861 |
| Contributions, gifts, grants paid | $125,500 |
| Total expenses and disbursements | $148,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,371 |
| 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 | $318,833 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,586,883 |
| 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, Goldsmith Legacy Foundation has awarded $125,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW WAY OF LIFE PURPOSE: GENERAL SUPPORT | $10,000 |
CENTER FOR COMMUNITY SOLUTIONS PURPOSE: GENERAL SUPPORT | $5,500 |
CASA SERENA PURPOSE: GENERAL SUPPORT | $5,000 |
DOWNTOWN WOMEN'S CENTER PURPOSE: GENERAL SUPPORT | $5,000 |
EAST LA WOMEN'S CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
ELIZABETH HOUSE PURPOSE: GENERAL SUPPORT | $10,000 |