Is Peter A And Deborah L Weinberg Family Foundation Legit?

The Peter A And Deborah L Weinberg Family Foundation demonstrates a consistent commitment to its programmatic mission, as evidenced by its NTEE code (T90Z) indicating a focus on grantmaking foundations. Over the past several years, the foundation has shown significant fluctuations in both revenue and expenses. For instance, in 202407, the foundation reported revenue of $578,724 against expenses of $7,552,457, indicating a substantial draw on assets to fund its activities. Conversely, in 202307, revenue was $8,489,486 with expenses of $2,005,784, leading to asset growth. This pattern suggests a strategy of varying grant distributions based on market performance or specific funding cycles rather than a steady operational budget. Financially, the organization appears stable with assets consistently in the range of $7 million to $14 million over the last decade, reaching $10,649,729 in 202407. Liabilities have been consistently minimal, often reported as $0 or $1, which is a strong indicator of financial health and low debt burden. The absence of reported officer compensation across all filings suggests that the foundation is either entirely volunteer-run at the executive level or that compensation is covered by other means not reported in this section, which enhances its spending efficiency from an overhead perspective. The foundation's primary function as a grantmaking entity means its 'program spending' is effectively its grants distributed, which is its core mission.