Karen Toffler Charitable Trust
- Assets
- $19.3m
- Revenue
- $137.6k
- Investments
- $17.3m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 91-2085191
Organization Overview
Karen Toffler Charitable Trust is located in Boca Raton, FL. The organization was established in 2002. 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. Karen Toffler Charitable Trust 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 12/2023, Karen Toffler Charitable Trust generated $137.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Karen Toffler Charitable Trust has awarded 85 individual grants totaling $2,435,500. 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 |
|---|---|---|---|
Rebecca Bartoli Executive Director | 40 | $118,385 | |
Peter Katona Trustee | 10 | $10,000 | |
Russell Glassman Trustee | 10 | $10,000 | |
Thomas Johnson Trustee | 10 | $7,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dragon Army | 12/30/23 | $75,730 |
Angeles Wealth Mgmt Llc | 12/30/23 | $53,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $88 |
| Dividends & Interest | $378,762 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$245,308 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,043 |
| Total Revenue | $137,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,163 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,378 |
| Interest | $0 |
| Taxes | $4,110 |
| Depreciation | $0 |
| Occupancy | $32,013 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100,906 |
| Total operating and administrative expenses | $462,128 |
| Contributions, gifts, grants paid | $597,000 |
| Total expenses and disbursements | $1,059,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,894,761 |
| 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 | $3,908,788 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $61,268 |
| Total assets | $19,286,898 |
| Accounts payable and accrued expenses | $29,000 |
| 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 | $0 |
| Total liabilities | $29,000 |
Grants Awarded
Over the last fiscal year, Karen Toffler Charitable Trust has awarded $597,000 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: DR.ROEL PPHOFF - WASTEWATER SURVEILLANCE | $50,000 |
BOSTON UNIVERSITY PURPOSE: TOFFLER SCHOLAR PROGRAM | $40,000 |
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: TOFFLER SCHOLAR PROGRAM | $40,000 |
JOHNS HOPKINS UNIVERSITY PURPOSE: TOFFLER SCHOLAR PROGRAM | $40,000 |
NORTHWESTERN UNIVERSITY PURPOSE: TOFFLER SCHOLAR PROGRAM | $40,000 |
HOWARD UNIVERSITY PURPOSE: TOFFLER SCHOLAR PROGRAM | $40,000 |