Ruderman Family Foundation in Newton, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
Ruderman Family Foundation | |
Employer Identification Number (EIN) | 043334973 |
Name of Organization | Ruderman Family Foundation |
Address | 2150 Washington St, Newton, MA 02462-1498 |
Activities | Gifts, grants, or loans to other organizations |
Subsection | Charitable Organization |
Ruling Date | 02/1997 |
Deductibility | Contributions are deductible |
Foundation | Private non-operating foundation |
Organization | Trust |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $50,000,000 to greater |
Income | $10,000,000 to $49,999,999 |
Filing Requirement | 990 - Not required to file (all other) |
Asset Amount | $103,055,497 |
Amount of Income | $28,787,760 |
Form 990 Revenue Amount | $3,276,152 |
National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: |
Non-representatives - add comments:
Amount of income in 2013: $28,787,760 (it was $98,173,264 in 2012)
Ruderman Family Foundation: | $28,787,760 |
Other organizations performing similar types of work: | $234,343 |
Assets in 2013: $103,055,497 (it was $97,676,693 in 2012)
This organization: | $103,055,497 |
Other organizations performing similar types of work: | $268,176 |
Expenses in 2012: $4,084,821
This organization: | $4,084,821 |
Other organizations performing similar types of work: | $152,289 |
Income to expenses ratio in 2012: 7.0
This organization: | 7.0 |
Other organizations performing similar types of work: | 1.5 |
Grants share in income in 2012: 95.5%
This organization: | 95.5% |
Other organizations performing similar types of work: | 0.2% |
Revenue for 2012
Expenses for 2012
Assets for 2012
Analysis of Revenue and Expenses (for 2012) | ||||
Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
---|---|---|---|---|
Total revenue | $93,811,948 | $4,182,427 | $0 | |
Contributions, gifts, grants, etc., received | $89,628,808 | |||
Interest on savings and temporary cash investments | $148,519 | |||
Dividends and interest from securities | $3,673,081 | |||
Gross rents | $70,774 | |||
Gross profit from sales of goods | $0 | |||
Other income | $-29,672 | |||
Other | $320,438 | |||
Total expenses and disbursements | $4,084,821 | $31,261 | $0 | $4,043,560 |
Compensation of officers, directors, trustees, etc. | $200,000 | |||
Total operating and administrative expenses | $636,440 | $31,261 | $595,179 | |
Contributions, gifts, grants paid | $3,448,381 | |||
Excess of revenue over expenses and disbursements | $89,727,127 | |||
Net investment income | $4,151,166 | |||
Adjusted net income | $0 |
Balance Sheets (for 2012) | ||
Book Value | Fair Market Value | |
---|---|---|
Total assets | $97,676,693 | $112,043,942 |
Cash - non-interest-bearing | $913,842 | |
Investments-U.S. and state government obligations | $1,998,497 | |
Investments-corporate stock | $84,659,679 | |
Investments-corporate bonds | $1,840,252 | |
Investments-mortgage loans | $0 | |
Investments-other | $8,264,423 | |
Total liabilities | $0 | |
Total liabilities and net assets/fund balances | $97,676,693 |
Capital Gains and Losses for Tax on Investment Income (for 2012) | |
Capital gain net income | $320,438 |
Net capital loss | $0 |
Excise Tax Based on Investment Income (for 2012) | |
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
Tax based on investment income | $83,023 |
Total credits and payments | $115,613 |
2012 estimated tax payments and 2011 overpayment credited to 2012 | $11,613 |
Exempt foreign organizations-tax withheld at source | $0 |
Tax paid with application for extension of time to file (Form 8868) | $104,000 |
Backup withholding erroneously withheld | $0 |
Any penalty for underpayment of estimated tax | $0 |
Tax due | $0 |
Overpayment | $32,590 |
Amount to be credited to 2013 estimated tax | $32,590 |
Statements Regarding Activities (for 2012) | |
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
During the year did the foundation (either directly or indirectly): | |
Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
Agree to pay money or property to a government official? | No |
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
During the year did the foundation pay or incur any amount to: | |
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
Provide a grant to an individual for travel, study, or other similar purposes? | No |
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
Minimum Investment Return (for 2012) | |
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $69,533,599 |
Net value of noncharitable-use assets | $68,490,600 |
Minimum investment return | $3,424,530 |
Distributable Amount (for 2012) | |
Distributable amount | $3,341,507 |
Undistributed Income (for 2012) | |
Distributable amount for 2012 | $3,341,507 |
Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
Private Operating Foundations (for 2012) | |||||
2012 | 2011 | 2010 | 2009 | Total | |
---|---|---|---|---|---|
The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
Value of all assets | $0 | $0 | $0 | $0 | $0 |
Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
Gross investment income | $0 | $0 | $0 | $0 | $0 |
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Organizations performing similar types of work | |||||
Id | Name | Address | State | Established | Total Income |
---|---|---|---|---|---|
1 | Ruderman Family Foundation | 2150 Washington St, Newton, MA 02462-1498 | MA | 1997-02 | $28,787,760 |
2 | The Rona Jaffe Foundation | 21 Wildwood Dr, Dix Hills, NY 11746-6039 | NY | 1995-04 | $9,036,824 |
3 | Dreams R Us Foundation, Pace Benedict G Et Al Ttee | 37 Valentine Rd, Shoreham, NY 11786-1243 | NY | 1995-12 | $6,807,211 |
4 | Andrew J Kirch Charitabel Tr Under Paragraph Seventh Of Will, Vazzana James G Co-Ttee | 5 S Fitzhugh St, Rochester, NY 14614-1413 | NY | 1995-03 | $505,184 |
5 | Joseph Novakoff Charitable Foundation, Novakoff Joseph Et Al Ttees | 208 Highland St, Weston, MA 02493-1112 | MA | 1995-03 | $387,012 |
6 | Acorn Foundation | 1160 S Michigan Ave Apt 3002, Chicago, IL 60605-3047 | IL | 1995-05 | $249,125 |
7 | Bl Squared Foundation Tr, Bernstein Stanley Et Al Ttee | 10 East 40th Street, New York, NY 10016-0200 | NY | 1997-02 | $234,343 |
8 | Marina P And Stephen E Kaufman Foundation | 277 Park Ave 47th Floor, New York, NY 10172-0003 | NY | 1997-02 | $229,967 |
9 | Stanley & Vivian Bernstein Foundation | 300 Trenor Dr, New Rochelle, NY 10804-3814 | NY | 1997-02 | $79,299 |
10 | Rosenwald Foundation Inc | 6 Forest Ln, Lawrence, NY 11559-1716 | NY | 1995-04 | $58,570 |
11 | Melly And Rochelle Lifshitz Charitable Tr, Lifshitz Menachem E & Daniel Ttee | 22 Auerbach Ln, Lawrence, NY 11559-2517 | NY | 1997-02 | $11,012 |
12 | A & T Philia Foundation | 87 Lochleven Ln, Inverness, IL 60067-4884 | IL | 1995-05 | $9,717 |
13 | S&k Liebhard Charitable Foundation Tr, Liebhard Sandy Et Al Ttee | 935 E 23rd St, Brooklyn, NY 11210-3621 | NY | 1997-02 | $18 |
14 | Robert Michael And Janet Marie Fike Foundation | 2146 W Madero Ave, Mesa, AZ 85202-6437 | AZ | 1995-03 | $1 |
15 | Rotary Club Of Waverly New York Foundation Inc | P O Box 717, Waverly, NY 14892 | NY | 1998-01 | $0 |
16 | The 25th Anniversary Foundation Inc | 1745 Broadway, New York, NY 10019-4305 | NY | 1990-05 | $0 |
Number of organizations performing similar types of work | |||||||||
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Total | 16 |
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