Ray & Lorraine Friedman Family Foundation
- Assets
- $284.9k
- Revenue
- $9.2k
- Investments
- $146.0k
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 95-4433567
Organization Overview
Ray & Lorraine Friedman Family Foundation is located in Beverly Hills, CA. The organization was established in 1993. 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. Ray & Lorraine Friedman 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 12/2023, Ray & Lorraine Friedman Family Foundation generated $9.2k 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 (32.0%) each year. All expenses for the organization totaled $63.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ray & Lorraine Friedman Family Foundation has awarded 442 individual grants totaling $994,352. 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
FOUNDATION ONLY MAKES GIFTS TO SECTION 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray J Friedman President | 0 | $0 | |
Lorraine Friedman Vice President | 0 | $0 | |
Ray J Friedman President | 0 | $0 | |
Lorraine Friedman Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,181 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,181 |
| 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 | $45 |
| Total operating and administrative expenses | $3,245 |
| Contributions, gifts, grants paid | $60,220 |
| Total expenses and disbursements | $63,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,897 |
| 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 | $284,885 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ray & Lorraine Friedman Family Foundation has awarded $60,220 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
THEATER 40 PURPOSE: GENERAL | $100 |
TOYS FOR TOTS PURPOSE: GENERAL | $500 |
UCLA FOUNDATION-MAX GRAY FUND PURPOSE: GENERAL | $10,000 |
US HOLOCAUST MEMORIAL MUSEUM PURPOSE: GENERAL | $300 |
USC ANNENBERG PURPOSE: GENERAL | $3,250 |
USC ASSOCIATES PURPOSE: GENERAL | $250 |