The Schoenbaum Family Foundation
- Assets
- $17.1m
- Revenue
- $505.6k
- Investments
- $16.7m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 65-0043921
Organization Overview
The Schoenbaum Family Foundation is located in Sarasota, FL. The organization was established in 1988. 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. Schoenbaum Family 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 12/2023, Schoenbaum Family Foundation generated $505.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Schoenbaum Family Foundation has awarded 159 individual grants totaling $5,389,840. 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 |
|---|---|---|---|
Raymond D Schoenbaum Treasurer | 0 | $0 | |
Jeffrey F Schoenbaum Secretary | 0 | $0 | |
Joann Schoenbaum Miller President | 0 | $0 | |
Emily Schoenbaum Vice Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,208 |
| Dividends & Interest | $485,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,407 |
| Capital Gain Net Income | $19,407 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $505,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,063 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $78,821 |
| Total operating and administrative expenses | $90,634 |
| Contributions, gifts, grants paid | $1,276,500 |
| Total expenses and disbursements | $1,367,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10 |
| Savings and temporary cash investments | $380,467 |
| 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 | $16,664,128 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,980 |
| Total assets | $17,059,585 |
| Accounts payable and accrued expenses | $1,105 |
| 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 | $1,105 |
Grants Awarded
Over the last fiscal year, The Schoenbaum Family Foundation has awarded $1,276,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF MAGEN DAVID ADO PURPOSE: GENERAL SUPPORT | $180,000 |
ATLANTA COMMUNITY FOOD BANK PURPOSE: SUPPORT FOR FAMILIES IN CRISIS | $7,160 |
AVODAH NEW ORLEANS PURPOSE: GENERAL CHARITABLE PURPOSES | $20,000 |
BIRTHRIGHT ISRAEL FOUNDATION PURPOSE: SPONSOR EDUCATION IN ISRAEL | $150,000 |
BOYS & GIRLS CLUB OF SARASOTA PURPOSE: PROVIDE SCHOLARSHIPS | $65,000 |
CLOTHES TO KIDS PURPOSE: SCHOOL UNIFORMS | $10,000 |