Goldsmith Foundation Incorporated
- Assets
- $8.3m
- Revenue
- $382.3k
- Investments
- $8.0m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 11/1944
- Data as of
- 12/2022
- EIN
- 62-6039604
Organization Overview
Goldsmith Foundation Incorporated is located in Memphis, TN. The organization was established in 1944. 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 Foundation Incorporated 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 Foundation Incorporated generated $382.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $659.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Goldsmith Foundation Incorporated has awarded 444 individual grants totaling $3,401,250. 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 |
|---|---|---|---|
Harry L Goldsmith President & Life Trustee | 0 | $0 | |
Fred Goldsmith III Vice President & Life Trus | 0 | $0 | |
Beth Goldsmith Brown Life Trustee | 0 | $0 | |
H Stephen Brown Jr Vice President & Associate | 0 | $0 | |
Jane Goldsmith Butler Vice President & Life Trustee | 0 | $0 | |
Peggy Goldsmith Fineman Life Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,733 |
| Dividends & Interest | $121,100 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $258,469 |
| Capital Gain Net Income | $258,469 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $382,302 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $21,791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,133 |
| Printing and publications | $0 |
| Other expenses | $19,941 |
| Total operating and administrative expenses | $134,318 |
| Contributions, gifts, grants paid | $525,450 |
| Total expenses and disbursements | $659,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $340,294 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8 |
| Total assets | $8,339,931 |
| 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 Foundation Incorporated has awarded $525,450 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: ANNUAL SUPPORT | $7,000 |
ALL FAITHS FOOD BANK FOUNDATION INC PURPOSE: ANNUAL SUPPORT | $4,500 |
ANTI-DEFAMATION LEAGUE PURPOSE: ANNUAL SUPPORT | $2,000 |
BOYS AND GIRLS CLUB OF SARASOTA COUNTY INC PURPOSE: ANNUAL SUPPORT | $4,000 |
CAROLINA BREAST FRIENDS PURPOSE: ANNUAL SUPPORT | $1,000 |
CAMP TWIN LAKES INC PURPOSE: ANNUAL SUPPORT | $1,000 |