Paltiel Family Foundation
- Assets
- $355.6k
- Revenue
- $35.0k
- Investments
- $315.0k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-3506111
Organization Overview
Paltiel Family Foundation is located in Wilmington, DE. The organization was established in 2017. 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. Paltiel 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 12/2021, Paltiel Family Foundation generated $35.0k in total revenue. All expenses for the organization totaled $44.6k during the year ending 12/2021. While expenses have increased by 19.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Paltiel Family Foundation has awarded 21 individual grants totaling $132,066. 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 |
|---|---|---|---|
Ester Sabzanova Vp, Dir | 1 | $0 | |
Michael Paltiel Dir, Pres, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,000 |
| Interest on Savings | $11 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,607 |
| Total operating and administrative expenses | $6,607 |
| Contributions, gifts, grants paid | $38,000 |
| Total expenses and disbursements | $44,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,601 |
| 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 | $315,031 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $355,632 |
| 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 | $80,000 |
| Other liabilities | $0 |
| Total liabilities | $80,000 |
Grants Awarded
Over the last fiscal year, Paltiel Family Foundation has awarded $38,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Flushing, NY PURPOSE: GENERAL & UNRESTRICTED | $14,000 |
Brooklyn, NY PURPOSE: GENERAL & UNRESTRICTED | $11,000 |
Forest Hills, NY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Fresh Meadows, NY PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Atlantic Foundation Hamilton, NJ | $71,880,730 | $9,586,711 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Hyde And Watson Foundation Warren Township, NJ | $97,089,662 | $14,479,449 |
Horizon Charitable Foundation Inc Newark, NJ | $76,993,498 | $4,728,445 |
Margaret A@darrin Charitable Trust Florham Park, NJ | $119,124,221 | $14,435,367 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |