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Morris Goldseker Foundation of Maryland, Inc.

Profile

Last Updated: 2016-05-29

At A Glance

Morris Goldseker Foundation of Maryland, Inc.

(also known as Goldseker Foundation)

1040 Park Ave., Ste. 310

Baltimore, MD United States 21201-5635

Telephone: (410) 837-5100

URL: www.goldsekerfoundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $102,548,555

Total giving: $3,602,943

EIN

520983502

BRIDGE Number

2485246030

Additional Contact Information

Tel. and e-mail for Laurie Latuda Kinkel: (410) 837-6115 and laurie@goldsekerfoundation.org

Background

Incorporated in 1973 in MD - Mr. Goldseker, an immigrant to the United States from Poland, founded and was president of the M. Goldseker Co., a real estate firm in Baltimore. The Goldseker will suggests that the foundation give special consideration to charitable organizations which, by loans or grants or other steps, give aid and encouragement to worthy individuals to continue their education, establish themselves in business, overcome such adversities as accident or illness, or maintain or support themselves or their families. The trustees of the foundation, Sheldon and Simon Goldseker, are nephews of the donor. As Mr. Goldseker stipulated in his will, the trustees control the foundation's assets, but all grant decisions are made solely by the selection committee composed of the presidents of the Johns Hopkins University, Morgan State University, and the Associated Jewish Community Federation of Baltimore. All decisions on grant proposals are made within a framework of clearly defined policies. At the discretion of the committee and board, these policies may be subject to modification in response to changing needs and problems in the Baltimore metropolitan area. In accordance with the donor's will, the foundation may not award more than 5 percent of its net income in any calendar year to any single institution. The foundation retains a full-time professional staff to serve as liaison among the board of trustees, the selection committee, and the community at large. The staff is responsible for regularly informing the public of the foundation's policies, priorities, and ongoing grantmaking activities.

Purpose and Activities

In 2000, the Goldseker Foundation's Board of Trustees and its Selection Committee adopted a two-track approach to grantmaking. This approach designates priority areas that build on existing experience and investments, but it also retains the ability to respond to new ideas and opportunities within the established program areas. The foundation's grantmaking funds will focus on the first-track priority areas. In these areas - community development, regionalism, and the nonprofit sector - the foundation will be a more directly engaged and active partner. The existing grantmaking policies apply to the priority areas. Grants will include a mix of foundation initiatives and projects submitted independently by potential grantees. The second track focuses on the foundation's established program areas: neighborhood development, community affairs, human services, and education.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Non-Profit Management Assistance Grants

Each year, the foundation dedicates a limited portion of its grants budget to help support specific, well-defined organizational development initiatives of Baltimore City non-profit organizations. Management assistance grant funds principally support the engagement of qualified outside consulting expertise. The foundation will consider applications in the following categories: 1) Strategic Planning; 2) Fund Development and Sustainability; 3) Financial Management Systems Improvement; 4) Program Evaluation; 5) IT Assessment and Planning (not hardware or software purchases); and 6) Board Development, Executive Coaching, and Succession Planning. See foundation web site for further information and guidelines.

Program-Related Investment

The foundation has made PRIs to support community development.

Fields of Interest

Subjects
  • Community and economic development
  • Community improvement
  • Economic development
  • Education
  • Housing services
  • Human services
  • Public affairs
  • Urban development
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students
Organizations
  • Associations

Financial Data

Year ended 2014-12-31

Assets: $102,548,555 (market value)

Expenditures: $5,137,465

Total giving: $3,602,943

Qualifying distributions: $4,728,504