Litowitz Foundation Inc
- Assets
- $13.2m
- Revenue
- $343.3k
- Investments
- $13.1m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 65-0763609
Organization Overview
Litowitz Foundation Inc is located in Miami, FL. The organization was established in 1997. 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. Litowitz 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 12/2022, Litowitz Foundation Inc generated $343.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $852.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Litowitz Foundation Inc has awarded 402 individual grants totaling $7,290,547. 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 |
|---|---|---|---|
Budd Litowitz Pres./treas. | 4 | $36,000 | |
Susan Litowitz VP | 4 | $0 | |
Arthur Litowitz Secretary | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $283,674 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,296 |
| Capital Gain Net Income | $64,296 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$4,655 |
| Total Revenue | $343,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $133 |
| Taxes | $8,698 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,399 |
| Printing and publications | $0 |
| Other expenses | $2,786 |
| Total operating and administrative expenses | $66,213 |
| Contributions, gifts, grants paid | $786,110 |
| Total expenses and disbursements | $852,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $51,799 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $254,726 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,160,932 |
| 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, Litowitz Foundation Inc has awarded $786,110 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALL SATO RESCUE INC PURPOSE: ANIMAL WELFARE | $5,000 |
AMERICAN TECHNION SOCIETY PURPOSE: EDUCATION | $50,000 |
AMERICAN UNIV PURPOSE: EDUCATION | $100,000 |
BLUE RIDGE MOUNTAINS HEALTH PROJECT PURPOSE: HEALTH | $2,500 |
BOYS GIRLS CLUB OF THE PLATEAU PURPOSE: YOUTH DEVELOPMENT | $1,500 |
BRING MUSIC TO LIFE PURPOSE: EDUCATION & THE ARTS | $1,500 |