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Berman Charitable Trust is a private trust based in ROCKVILLE, MD. The foundation received its IRS ruling in 1986. It holds total assets of $29.9M. Annual income is reported at $3.7M. Total assets have grown from $12.4M in 2011 to $29.9M in 2024. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. Funding is distributed across 5 states, including Maryland, California, New York. According to available records, Berman Charitable Trust has made 27 grants totaling $1.8M, with a median grant of $25K. The foundation has distributed between $555K and $616K annually from 2021 to 2023. Individual grants have ranged from $1K to $300K, with an average award of $66K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Virginia, New Jersey, Maryland, which account for 56% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$25K
Average Grant
$68K
Largest Grant
$300K
Based on 9 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Berman Charitable Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in VA, NJ, MD.
Berman Charitable Trust has distributed a total of $1.8M across 27 grants. The median grant size is $25K, with an average of $66K. Individual grants have ranged from $1K to $300K.
Berman Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Berman Charitable Trust is headquartered in ROCKVILLE, MD. While based in MD, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Larry P Bormel | TRUSTEE | $0 | $0 | N/A |
| Stephen L Berman | TRUSTEE | $0 | $0 | N/A |
| Vicki Berman | TRUSTEE | $0 | $0 | N/A |
| Dennis Berman | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$29.9M
Fair Market Value
N/A
Net Worth
$20.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
27
Total Giving
$1.8M
Average Grant
$66K
Median Grant
$25K
Unique Recipients
10
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Anti-Defamation LeagueCHARITABLE | Los Angeles, CA | $20K | 2023 |
| Allegheny Mountain InstituteCHARITABLE | Staunton, VA | $210K | 2023 |
| Aish HatorahCHARITABLE | Clifton, NJ | $150K | 2023 |
| Melvin J Berman Hebrew AcademyCHARITABLE | Rockville, MD | $114K | 2023 |
| Yeshiva Of Greater WashingtonCHARITABLE | Silver Spring, MD | $25K | 2023 |
| Yeshiva Torah VodaathCHARITABLE | Brooklyn, NY | $25K | 2023 |
| Alzheimer'S AssociationCHARITABLE | Los Angeles, CA | $5K | 2023 |
| Ner Israel Rabbinical CollegeCHARITABLE | Baltimore, MD | $5K | 2023 |
| Yeshiva Beth Abraham Of JerusalemCHARITABLE | New York, NY | $1K | 2023 |
| Aish Hatorah InternationalCHARITABLE | Clifton, NJ | $150K | 2021 |