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Nonprofiteer
← LEON A & ESTHER F BLUM FOUNDATION INC

Form 990 for tax year 2022

Filed by LEON A & ESTHER F BLUM FOUNDATION INC.

Totals

Total revenue
$343,428
Total expenses
$579,640
Contributions and grants received
$0
Grants paid
$525,781
Program service revenue
$0
Investment income
$343,428
Other revenue
$0
Total assets, end of year
$11,216,321
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$11,216,321
Program services expenses (Part IX)
$525,781
Management and general expenses
$53,859
Fundraising expenses
$0
Program service expenses (Part III)
$525,781

Program services were 90.7% 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 $349,647 · excluded $349,647

  • 7a · Gross sales of assets other than inventory

    securities $32,501

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

    securities $38,720

  • 7c · Gain or loss

    securities -$6,219

  • 7d · Net gain or loss

    total -$6,219 · excluded -$6,219

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $525,781 · program services $525,781

  • 11g · Fees: other

    total $33,982 · management and general $33,982

  • 24a · Other expenses: RENT EXPENSE

    total $18,000 · management and general $18,000

  • 24b · Other expenses: OFFICE EXPENSE

    total $1,877 · management and general $1,877

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,597 · end of year $58,743

  • 2 · Savings and temporary cash investments

    beginning of year $63,250 · end of year $144,167

  • 11 · Investments: publicly traded securities

    beginning of year $10,577,150 · end of year $11,013,411

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,718,997 · end of year $11,216,321

Mission and programs · 2022

Mission

THE BLUM FOUNDATION IS A NONPROFIT BENEFIT CORPORATION ORGANIZED TO ENCOURAGE AND PROMOTE EDUCATION THROUGH VOLUNTARY GRANTS, SCHOLARSHIPS, OR STUDENT LOANS WHICH AID WORTHY STUDENTS REGISTERED AT THE THREE ACCREDITED LAW SCHOOLS LOCATED WITHIN THE CITY AND COUNTY OF SAN FRANCISCO.

  • THE SOLE PURPOSE OF THE FOUNDATION IS TO DISBURSE THE AVAILABLE INTEREST FROM THE ESTATE OF LEON A. BLUM, DECEASED, AMONG THE FOLLOWING THREE LAW SCHOOLS LOCATED WITHIN THE CITY AND COUNTY OF SAN FRANCISCO ON AN ANNUAL BASIS:UNIVERSITY OF SAN FRANCISCO LAW SCHOOLGOLDEN GATE UNIVERSITY SCHOOL OF LAWUC LAW SAN FRANCISCOTHE AMOUNT OF FUNDS INVOLVED ARE BASED UPON THE DISCRETIONARY JUDGMENT OF THE TRUSTEES.

    Expenses $525,781 · Grants $525,781

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Freiwald

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mark Yates

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Faigman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bruce M Lubarsky

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • David G Finkelstein

    OFFICER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349314667

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