Auerbach Legacy Foundation
- Assets
- $500.0k
- Revenue
- $89.9k
- Investments
- $453.2k
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4656601
Organization Overview
Auerbach Legacy Foundation is located in Santa Monica, CA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Auerbach 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, Auerbach Legacy Foundation generated $89.9k 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 (29.1%) each year.
Since 2017, Auerbach Legacy Foundation has awarded 48 individual grants totaling $686,650. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS INVOLVED IN SUPPORTING AND EDUCATING THE COMMUNITY.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50 |
| Interest on Savings | $4 |
| Dividends & Interest | $10,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,436 |
| Capital Gain Net Income | $79,436 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $89,907 |
| 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 | $6,404 |
| Total operating and administrative expenses | $9,610 |
| Contributions, gifts, grants paid | $223,700 |
| Total expenses and disbursements | $233,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,037 |
| Savings and temporary cash investments | $3,774 |
| 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 | $134,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $31,000 |
| Total assets | $499,998 |
| 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 | -$3,295 |
| Total liabilities | -$3,295 |
Grants Awarded
Over the last fiscal year, Auerbach Legacy Foundation has awarded $223,700 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ISRAEL EDUCATION FOUNDATION PURPOSE: TO SUPPORT SELECT EDUCATIONAL PROGRAMS INCLUDING MIDDLE EAST RESEARCH, EDUCATIONAL MATERIALS AND CONFERENCES, AND LEADERSHIP PROGRAMS FOR UNIVERSITY STUDENTS. | $10,000 |
TEMPLE OF THE ARTS FAMILY PURPOSE: TO SUPPORT THE OPERATION OF HISTORIC ART-DECO SABAN THEATRE IN BEVERLY HILLS. | $5,000 |
WOMEN'S VOICES NOW PURPOSE: TO SUPPORT WOMEN TO RECEIVE EQUAL ACCESS TO EQUCATION, POLITICAL REPRESENTATION, AND ECONOMIC OPPORTUNITIES. | $10,000 |
PETERSON AUTOMOTIVE MUSEUM PURPOSE: TO SUPPORT THE MUSEUM. | $1,700 |
AMERICAN FRIENDS OF ISRAEL NAVY SEALS (AFINS) PURPOSE: TO HELP ISRAEL'S NAVY SEALS TO MEET THE EMERGENCY NEEDS OF SEALS AND BAREAVED FAMILIES, BE THEY SOCIAL, PROFESSIONAL OR FINANCIAL. | $11,000 |
REBECCA BENDER INITIATIVES PURPOSE: TO SUPPORT AND FIGHT AGAINST HUMAN TRAFFICKING BY EQUIPPING LEADERS AND ELEVATING SURVIVORS. | $10,000 |