Skip to content
Nonprofiteer
← DONALD AND MARTHA KAPLAN FREEDMAN FOUNDATION

Form 990 for tax year 2022

Filed by DONALD AND MARTHA KAPLAN FREEDMAN FOUNDATION.

Totals

Total revenue
$3,363,482
Total expenses
$1,483,916
Contributions and grants received
$0
Grants paid
$1,350,000
Program service revenue
$0
Investment income
$3,268,232
Other revenue
$95,250
Total assets, end of year
$23,567,138
Total liabilities, end of year
$11,423
Net assets or fund balances, end of year
$23,555,715
Program services expenses (Part IX)
$1,350,000
Management and general expenses
$133,916
Fundraising expenses
$0
Program service expenses (Part III)
$1,350,000

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $3,771,148 · excluded $3,771,148

  • 7a · Gross sales of assets other than inventory

    securities $3,851,822

  • 7b · Less cost or other basis and sales expenses

    securities $4,354,738

  • 7c · Gain or loss

    securities -$502,916

  • 7d · Net gain or loss

    total -$502,916 · unrelated business $1,115 · excluded -$504,031

  • 11a · Other revenue: UBTI from K-1's

    total $95,250 · unrelated business $95,250

  • 11e · Other revenue, total

    $95,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,350,000 · program services $1,350,000

  • 11c · Fees: accounting

    total $6,700 · management and general $6,700

  • 11f · Fees: investment management

    total $65,325 · management and general $65,325

  • 11g · Fees: other

    total $56,495 · management and general $56,495

  • 13 · Office expenses

    total $1,247 · management and general $1,247

  • 24a · Other expenses: Taxes withheld

    total $4,149 · management and general $4,149

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $206,402 · end of year $373,850

  • 11 · Investments: publicly traded securities

    beginning of year $7,934,554 · end of year $5,493,718

  • 12 · Investments: other securities

    beginning of year $13,293,676 · end of year $17,699,570

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,513 · end of year $11,423

  • 27 · Net assets without donor restrictions

    beginning of year $21,425,119 · end of year $23,555,715

Mission and programs · 2022

Mission

Support activities for the benefit of, or carry out, the purposes of the Houston Jewish Community Foundation through grants to charitable, educational and religious organizations.

Activities or mission (Part I)

To conduct & support activities for the benefit of the Houston Jewish Community Foundation.

  • The Donald and Martha Kaplan Freedman Foundation, as stated in its Articles of Incorporation, is organized exclusively for charitable, educational and religious purposes to conduct and support activities for the benefit of, or to carry out, the purposes of the Houston Jewish Community Foundation. The Donald and Martha Kaplan Freedman Foundation accomplishes these goals by awarding grants to charitable, educational and religious organizations.

    Expenses $1,350,000 · Grants $1,350,000

As filed on the 2022 return.

Listed in Part VII

  • Donald Freedman

    President

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Martha Kaplan Freedman

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Paul Weaver

    Secretary

    Total calculated
    $130,880
    From this org
    $0
    From related orgs
    $116,713
    Other
    $14,167
    Hours/week
    1 + 40 related

  • Roberta Herman-Dietrich

    Trustee

    Total calculated
    $171,146
    From this org
    $0
    From related orgs
    $154,985
    Other
    $16,161
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,985 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $3,604 related
    Nontaxable benefits
    $0 + $12,557 related
    Filer's total
    $0 + $171,146 related

  • Jay Kaplan

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 6 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
2 February 2025
IRS schema version
2022v5.0
Source object
202510339349300256

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.