The Shaevsky Family Foundation

Analysis

The Shaevsky Family Foundation is a registered charity in United States, based in Bloomfield Hills, MI. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, The Shaevsky Family Foundation reported income of $608k and spending of $111k, leaving 82% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $208k to $608k (+192%), an average of +31% a year. The sharpest change came in the year to May 2021, when income rose by 608%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Shaevsky Family Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Community Foundation Forindependence ($608k), United Way of Windham County ($608k) and George Lopez Foundation ($607k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.