Gitlitz Family Foundation

BATTLEMENT MESA, CO EIN: 20-1922198

Gitlitz Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BATTLEMENT MESA, CO. IRS filing data is available for 2020. In 2020, it awarded 8 grants totaling $388K. Net investment income was $216.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$388K

Grant Count

Avg Grant Size

$49K

Under IRS private-foundation payout rules, Gitlitz Family Foundation reported a distributable amount of $6K for 2020 — the minimum it must pay out in qualifying distributions.

About Gitlitz Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Colorado $382K (98%)

Maryland $5K (1%)

New Jersey $1K (0%)

States

Colorado Maryland New Jersey

Cities

AspenBasaltBethesdaDenverEgg Harbor TownshipGreenwood Village

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	—
Revenue	$216
Expenses	$389,949
Qualifying Distributions	—
Net Investment Income	$216
Distributable Amount	$6,177

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2020

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Aspen Community Foundation ($189,549), Aspen Community Foundation ($180,138), Impactisrael ($5,000).

Recipient	Purpose	Amount
ASPEN HOPE CENTER BASALT, CO	THEATRICAL FASHION SHOW	$1,700
IMPACTISRAEL BETHESDA, MD	CARE AND EDUCATION FOR AT-RISK IMMIGRANT YOUTH	$5,000
NESHAMA CENTER ASPEN, CO	EDUCATIONAL PROGRAMMING	$5,000
THE COMMUNITY FOOD BANK OF NEW JERSEY EGG HARBOR TOWNSHIP, NJ	DANCING WITH THE STARS FUNDRAISER	$1,000
AMERICAN TRANSPLANT FOUNDATION DENVER, CO	IN MEMORY OF STEVE FARBER	$1,000
CHABAD JEWISH COMMUNITY CENTER GREENWOOD VILLAGE, CO	GRIEF COUNSELING	$5,000
ASPEN COMMUNITY FOUNDATION BASALT, CO	LOUISE ANN COBB ADVISED FUND	$189,549
ASPEN COMMUNITY FOUNDATION BASALT, CO	DAVID A GITLITZ ADVISED FUND	$180,138

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
DAVID A GITLITZ	PRES/TREASURER	1	—
LOUISE A GITLITZ	SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Gitlitz Family Foundation?

Gitlitz Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in BATTLEMENT MESA, CO. It holds — in total assets as of 2020.

Where does Gitlitz Family Foundation operate?

Gitlitz Family Foundation has awarded grants in Colorado, Maryland, New Jersey.

What size grants does Gitlitz Family Foundation award?

In 2020, Gitlitz Family Foundation awarded 8 grants totaling $388K — an average of about $49K per grant, based on its IRS Form 990 filings.

How much is Gitlitz Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, Gitlitz Family Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.