Max Factor Family Foundation
- Assets
- $12.2m
- Revenue
- $1.2m
- Investments
- $11.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 10/1949
- Data as of
- 12/2023
- EIN
- 95-6030779
Organization Overview
Max Factor Family Foundation is located in Los Angeles, CA. The organization was established in 1949. 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. Max Factor 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, Max Factor Family Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $785.8k during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Max Factor Family Foundation has awarded 179 individual grants totaling $5,638,030. 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 |
|---|---|---|---|
Dean Factor Trustee | 1 | $0 | |
David Factor Trustee | 1 | $0 | |
Jenny Factor Trustee | 1 | $0 | |
Michael Firestein Trustee | 1 | $0 | |
Jon Glaser Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $806,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $360,831 |
| Capital Gain Net Income | $360,831 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,167,366 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,698 |
| Total operating and administrative expenses | $85,798 |
| Contributions, gifts, grants paid | $700,000 |
| Total expenses and disbursements | $785,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $848,722 |
| 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 | $3,587,790 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,214,056 |
| 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, Max Factor Family Foundation has awarded $700,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
COVENANT HOUSE CALIFORNIA PURPOSE: TO PURCHASE FURNISHINGS FOR THE NEW OLIVE TREE COMMONS PROGRAM | $10,000 |
THE JEWISH FEDERATION PURPOSE: TO SUPPORT THE CRISIS IN ISRAEL. | $25,000 |
THE JEWISH FEDERATION PURPOSE: TO SUPPORT THE FINANCIAL ASSISTANCE NETWORK, SUPPORTING VULNERABLE COMMUNITY MEMBERS. | $275,000 |
BET TZEDEK PURPOSE: TO SUPPORT THE KINSHIP CARE LAUSD EDUCATIONAL LEGAL PARTNERSHIP SUPPORTING VULNERABLE CHILDREN. | $25,000 |
SHOES THAT FIT PURPOSE: TO INVEST IN INFRASTRUCTURE TO SCALE THE NUMBER OF CHILDREN REACHED ANNUALLY | $15,000 |
UNIVERSITY OF SOUTHERN CALIFORNIA PURPOSE: TO STRENGTHEN THE USC MCMORROW NAI PROGRAM WITH COLLEGE FIELD TRIPS FOR HIGH SCHOOL SCHOLORS. | $25,000 |