Benjamin H Gordon Charitable Foundation Inc
The Benjamin H Gordon Charitable Foundation Inc is a private nonprofit organization established in 1999, based in Palm Beach, Florida. It operates under the federal EIN 04-3434410 and is recognized as a tax-exempt entity by the Internal Revenue Service (IRS).
Organizational Overview
This foundation primarily engages in philanthropic activities and aims to support charitable initiatives across various sectors. Its classification under the National Taxonomy of Exempt Entities (NTEE) places it within the category of Philanthropy, Voluntarism, and Grantmaking Foundations, specifically as a Private Independent Foundation.
Financial Information
The financial records reveal significant contributions received by the foundation, totaling approximately $957,405 in a recent fiscal year, with a vast majority directed toward charitable disbursements, amounting to about $137,783. The foundation's operational model indicates no compensation for its key officers, including Benjamin H. Gordon, who serves as President and Treasurer, and Elizabeth Gordon, who is a Director. This emphasizes the foundation's focus on philanthropy rather than administrative overhead.
Fiscal Year Data
- Total Assets: $54,458
- Total Liabilities: $0
- Major Sources of Revenue: Primarily contributions, with minimal interest and dividend income.
Charitable Contributions
The foundation has made various grants to notable organizations, including educational institutions and community services. Recent funding includes contributions to:
- Yale University: $99,091 for charitable purposes in 2022.
- Palm Beach Orthodox Synagogue: $19,668 for community support.
- The Palm Beach Police and Fire Foundation: $18,092 to aid local emergency services.
In total, the foundation allocated approximately $279,335 in grants during 2023 across numerous beneficiaries, demonstrating its commitment to supporting diverse charitable causes.
Governance
The foundation is governed by a small board, with Benjamin H. Gordon serving as both President and Treasurer. There is an absence of compensation noted for the board members, further aligning with the foundationβs philanthropic mission.
Conclusion
The Benjamin H Gordon Charitable Foundation Inc stands out as a philanthropic entity committed to enhancing its community and supporting a range of charitable initiatives. Despite its modest size, the foundation's financial contributions and governance structure reflect a dedication to philanthropy and community service. Through its grants and charitable activities, it continues to play a significant role in supporting various sectors and causes.
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