Stacy And Keith Palagye Foundation
- Assets
- $43.8m
- Revenue
- $2.0m
- Investments
- $43.1m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- Data as of
- 12/2023
- EIN
- 85-1075075
Organization Overview
Stacy And Keith Palagye Foundation is located in Cleveland, OH. 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. Stacy And Keith Palagye Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Stacy And Keith Palagye Foundation has awarded 77 individual grants totaling $7,758,767. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley S Smith President | 0 | $0 | |
Bradley J Hively Treasurer | 0 | $0 | |
Lavonda D Napka Secretary | 0 | $0 | |
Mark A Madeja Assistant Secretary | 0 | $0 | |
Stephen H Hoffman Trustee | 0 | $0 | |
Jehuda Reinharz Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $209,884 |
| Dividends & Interest | $388,545 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,455,211 |
| Capital Gain Net Income | $1,455,211 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$56,040 |
| Total Revenue | $1,997,600 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $95,709 |
| Taxes | $94,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $551,142 |
| Total operating and administrative expenses | $741,188 |
| Contributions, gifts, grants paid | $4,749,951 |
| Total expenses and disbursements | $5,491,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $686,285 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $2,283 |
| 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 | $43,077,223 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,765,791 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $1,750,000 |
| 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 | $1,750,000 |
Grants Awarded
Over the last fiscal year, Stacy And Keith Palagye Foundation has awarded $4,749,951 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
1909 FOUNDATION PURPOSE: PROJECT DESIGNATED SUPPORT | $7,000 |
1909 FOUNDATION PURPOSE: PROJECT DESIGNATED SUPPORT | $35,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: PROGRAM SUPPORT | $100,000 |
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY PURPOSE: PROJECT DESIGNATED SUPPORT | $280,000 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
CLUB OASIS PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |