Brownstein Family Foundation
- Assets
- $2.0k
- Revenue
- $324.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 82-1550563
Organization Overview
Brownstein Family Foundation is located in Stamford, CT. The organization was established in 2019. 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. Brownstein 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 12/2022, Brownstein Family Foundation generated $324.9k 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 (5.0%) each year. All expenses for the organization totaled $363.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Brownstein Family Foundation has awarded 45 individual grants totaling $2,072,200. 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
CHARITABLE DONATION TO 501(C)(3) - ILLINOIS PHILHARMONIC - SUSTAINING FUND TO FURTHER THEIR EXEMPT PURPOSE
CHARITABLE DONATION TO 501(C)(3) - PIERREPONT SCHOOL TO FURTHER THEIR EXEMPT PURPOSE
CHARITABLE DONATION TO 501(C)(3) - QUEENS COLLEGE FOUNDATION SCHOLARSHIP FUND TO FURTHER THEIR EXEMPT PURPOSE
CHARITABLE DONATION TO 501(C)(3) - WALKING MOUNTAINS SCIENCE CENTER COMPREHENSIVE CAMPAIGN FOR GROWTH TO FURTHER THEIR EXEMPT PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Brownstein Trustee | 1 | $0 | |
Lisa Tannebaum Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $323,683 |
| Interest on Savings | $0 |
| Dividends & Interest | $88 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,152 |
| Capital Gain Net Income | $163,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $324,923 |
| 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 | $0 |
| Total operating and administrative expenses | $3,060 |
| Contributions, gifts, grants paid | $360,000 |
| Total expenses and disbursements | $363,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,980 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,980 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $852 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $852 |
Grants Awarded
Over the last fiscal year, Brownstein Family Foundation has awarded $360,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS PHILHARMONIC PURPOSE: CONTRIBUTION TO SUPPORT THE PHILHARMONIC | $50,000 |
MILL RIVER PARK COLLABORATIVE PURPOSE: CONTRIBUTION TO CREATE AND SUSTAIN MILL RIVER PARK | $30,000 |
PIERREPONT SCHOOL PURPOSE: CONTRIBUTION TO HELP SUPPORT THE FUTURE OF THE SCHOOL | $100,000 |
QUEENS COLLEGE FOUNDATION PURPOSE: CONTRIBUTION TO SUPPORT EDUCATION | $75,000 |
THE VAIL VALLEY FOUNDATION PURPOSE: CONTRIBUTION TO HELP SUPPORT THE ARTS | $40,000 |
VAIL JAZZ FOUNDATION PURPOSE: CONTRIBUTION TO HELP SUPPORT THE FOUNDATIONS PROGRAMS | $5,000 |