Financials
The Herzstein Foundation prepares its financial statements in accordance with generally accepted accounting principles. Summary of Audited Financial Statements is presented below.
Grant Distribution
Statement of Financial Position
| Line item | Currency | Dec. 31, 2025 | Dec. 31, 2024 |
|---|---|---|---|
| Assets | |||
| Cash and Cash Equivalents | $ | 1,978,000 | 3,000,000 |
| Accounts Receivable and Other Assets | 838,000 | 6,326,000 | |
| Marketable Securities | 53,022,000 | 44,183,000 | |
| Real Estate | 65,125,000 | 65,625,000 | |
| Other | 14,730,000 | 13,120,000 | |
| Total Assets | 135,693,000 | 132,254,000 | |
| Liabilities and Net Assets | |||
| Accrued Liabilities and Other Payables | 261,000 | 32,000 | |
| Net Assets | 135,432,000 | 132,222,000 | |
| Total Liabilities and Net Assets | $ | 135,693,000 | 132,254,000 |
Statement of Activities
| Line item | Currency | Dec. 31, 2025 | Dec. 31, 2024 |
|---|---|---|---|
| Revenue, Gains (Losses) and Other Income | |||
| Interest | $ | 11,000 | 8,000 |
| Dividends | 2,362,000 | 1,945,000 | |
| Realized Gain (Loss) on Sale of Investments | 8,110,000 | 9,736,000 | |
| Income from Investment in Real Estate | 3,087,000 | 7,409,000 | |
| Unrealized Gain (Loss) on Investments | (3,315,000) | (7,263,000) | |
| Income (Loss) from Other | 673,000 | 821,000 | |
| Total Revenue, Gains (Losses) and Other Income | 10,928,000 | 12,656,000 | |
| Expenses and Grants Paid | |||
| Administrative and Federal Excise Tax | 1,600,000 | 1,079,000 | |
| Grants Paid | 6,118,000 | 5,876,000 | |
| Total Expenses and Grants Paid | 7,718,000 | 6,955,000 | |
| Increase (Decrease) in Net Assets | 3,210,000 | 5,701,000 | |
| Net Assets at the Beginning of the Year | 132,222,000 | 126,521,000 | |
| Net Assets at the End of the Year | $ | 135,432,000 | 132,222,000 |