Benanav Family Foundation

The Benanav Family Foundation is a private independent foundation dedicated to philanthropy and volunteerism. It is categorized as a grantmaking foundation, focusing on various charitable causes. The foundation was established in 2003 by the family of Gary G. Benanav, primarily in Delaware and New York[2][4].

Purpose and Activities

The foundation's primary activities involve making contributions to charities and programs that align with its philanthropic objectives. Its financial reports indicate a significant portion of its expenses are allocated to charitable disbursements, reflecting its core mission of supporting various nonprofit organizations[1][4].

Financial Overview

As of recent financial reports, the Benanav Family Foundation has shown variability in its assets and revenue over the years. In fiscal year 2022, the foundation reported contributions totaling $15,000, which accounted for the majority of its revenue, alongside income from dividends. It recorded charitable disbursements of $35,243, constituting nearly all of its expenses[1]. The foundation's financial assets have fluctuated, with notable reductions in total assets over time[1].

Governance and Leadership

The foundation is led by a family board, with key roles held by Ruth T. Benanav as President, Tamara Benanav as Treasurer, Michael Benanav as Vice President, and Steven Benanav as Secretary. None of the officers receive compensation for their roles[1]. This leadership structure underscores the organization's commitment to family-driven philanthropy.

Tax Status

As a qualified nonprofit organization, donations to the Benanav Family Foundation are tax-deductible, allowing supporters to contribute while benefiting from tax advantages[1]. This status reflects the foundation's compliance with nonprofit regulations and its eligibility to receive charitable contributions.

References

No external references are included in this article. However, data was sourced from publicly available filings and databases.