The Kimmelman Fam Foundation

Organization Overview

The Kimmelman Fam Foundation is located in Summit, NJ. The organization was established in 2018. 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. Kimmelman Fam 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, Kimmelman Fam Foundation generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (35.4%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Kimmelman Fam Foundation has awarded 91 individual grants totaling $12,656,638. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECTCHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT,BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL


REVENUE CODE SECTION 501(C)(3).


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $402,074
Interest on Savings $85
Dividends & Interest $8,367
Net Rental Income$0
Net Gain on Sale of Assets $1,018,144
Capital Gain Net Income $1,018,144
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,428,670

Grants Awarded

Over the last fiscal year, The Kimmelman Fam Foundation has awarded $1,968,615 in support to 20 organizations.

Grant RecipientAmount

STANFORD UNIVERSITY

PURPOSE: GENERAL CHARITABLE PURPOSES

$1,300,000

USTA FOUNDATION

PURPOSE: GENERAL CHARITABLE PURPOSES

$250,000

TGR FOUNDATION

PURPOSE: GENERAL CHARITABLE PURPOSES

$100,000

MONT SINAI MEDICAL CENTER FOUNDATION

PURPOSE: GENERAL CHARITABLE PURPOSES

$50,000

TEENS RISE FOUNDATION

PURPOSE: GENERAL CHARITABLE PURPOSES

$50,000

THE BASS MUSEUM

PURPOSE: GENERAL CHARITABLE PURPOSES

$45,000
View Grant Profile

Peer Organizations

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