Douglas Charitable Foundation
- Assets
- $119.3m
- Revenue
- -$3.0m
- Investments
- $119.0m
- Employees
- 0
- Location
- Beverly Hills, CA
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 95-6096827
Organization Overview
Douglas Charitable Foundation is located in Beverly Hills, CA. The organization was established in 1967. 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. Douglas Charitable 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 2020, Douglas Charitable Foundation has awarded 36 individual grants totaling $17,838,334. 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 |
|---|---|---|---|
Anita May Rosenstein Trustee And President | 0.25 | $0 | |
Stuart Korshak Trustee | 0.25 | $0 | |
James Greenbaum Trustee | 0.25 | $0 | |
Arnold Rosenstein Trustee And Treasurer | 0.25 | $0 | |
Michael Douglas Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,087 |
| Dividends & Interest | $2,619,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,612,499 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $944 |
| Total Revenue | -$2,991,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $130,209 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $102,505 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,817 |
| Total operating and administrative expenses | $727,823 |
| Contributions, gifts, grants paid | $3,750,000 |
| Total expenses and disbursements | $4,477,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,413 |
| Savings and temporary cash investments | $211,227 |
| Net Accounts receivable | $3,500 |
| 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 | $69,106 |
| Total assets | $119,296,484 |
| 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, Douglas Charitable Foundation has awarded $3,750,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER THEATRE GROUP PURPOSE: GENERAL | $500,000 |
MOTION PICTURE & TELEVISION FUND PURPOSE: GENERAL | $500,000 |
SINAI TEMPLE PURPOSE: GENERAL | $1,100,000 |
ST LAWRENCE UNIVERSITY PURPOSE: GENERAL | $500,000 |
THE ANNE DOUGLAS CENTER - LOS ANGELES MISSION PURPOSE: GENERAL | $500,000 |
HABITAT FOR HUMANITY GREATER LOS ANGELES PURPOSE: GENERAL | $50,000 |