Gruss-Lipper Family Foundation in New York, New York (NY)

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Gruss-Lipper Family Foundation
Employer Identification Number (EIN)133188873
Name of OrganizationGruss-Lipper Family Foundation
In Care of NameGruss & Co
Address667 Madison Ave, New York, NY 10065-8029
ActivitiesGifts, grants, or loans to other organizations, Non financial services of facilities to other organizations
SubsectionCharitable Organization
Ruling Date02/1984
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period08/2010
Assets$50,000,000 to greater
Income$1,000,000 to $4,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$106,235,806
Amount of Income$2,803,850
Form 990 Revenue Amount$0


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Financial snapshot ($)

Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$-33,965$0$-33,965
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$-3$0$-3
Income (loss) from partnerships and S corporations$-30,965$0$-30,965
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$250
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Interest$0
Taxes and licenses$250
Charitable contributions$0
Depreciation$0
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$-34,215
Unrelated business taxable income before net operating loss deduction$-34,215
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$-34,215
Specific deduction$0
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