THE WURTMAN FOUNDATION INC
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THE WURTMAN FOUNDATION RECEIVED A DONATION OF 100,000 SHARES OF NJOY, INC. ("NJOY") STOCK FROM AN UNRELATED CONTRIBUTOR IN DECEMBER 2013. THE FOUNDATION'S PRESIDENT IS A SOPHISTICATED INVESTOR WHO AT THE TIME OF THE CONTRIBUTION HAD BEEN CLOSELY FOLLOWING THE SMOKELESS TOBACCO AND E-CIGARETTE MARKET, AND NJOY IN PARTICULAR. WHEN THE DONATION OF 100,000 SHARES OF NJOY WAS RECEIVED, THE PRESIDENT FELT THE LIKELIHOOD OF THE COMPANY (NJOY) CONTINUING THE PREVIOUSLY DEMONSTRATED UPWARD TREND IN VALUE WAS HIGH AND DECIDED TO HOLD THE SHARES TO CAPTURE THE ADDITIONAL UPSIDE INSTEAD OF SELLING THE INVESTMENT AT THAT TIME. WHILE THE COMPANY DID NOT DEMONSTRATE ANY APPRECIABLE INCREASE IN VALUE OVER THE NEXT 2 AND A HALF YEARS, THE PRESIDENT CONTINUED TO MONITOR THE MARKET SPACE AND MAINTAINED STRONG CONVICTION ABOUT THE FUTURE VALUE OF THE COMPANY, RIGHT UP UNTIL NJOY FILED FOR CHAPTER 11 BANKRUPTCY PROTECTION ON SEPTEMBER 16, 2016. AT THAT TIME, IT WAS CONCLUDED THAT THE WURTMAN FOUNDATION'S 100,000 SHARES BECAME WORTHLESS. THE DONATION AND SHARE VALUE OF NJOY, INC. HAS NOT CAUSED A CHANGE IN THE WURTMAN FOUNDATION'S ACTIVITIES.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | N/A | $2.3M | $131K | N/A |
| 2017 | N/A | $919K | $125K | N/A |
| 2018 | N/A | $763K | $176K | N/A |
| 2019 | $6K | $736K | $128K | 1 |
| 2020 | $11K | $603K | $76K | 2 |
| 2021 | $20K | $772K | $74K | 12 |
| 2022 | $22K | $840K | $51K | 15 |
| 2023 | $33K | $866K | $48K | 13 |
Grant Size Distribution
Based on 43 grants on record
Geographic Distribution
Officers & Directors
| Name | Title |
|---|---|
| ROBERT FINKEL | TREASURER AND SECRETARY |
| ELIE WURTMAN | PRESIDENT |
| BOAZ LIPSCHITZ | DIRECTOR |
| ENID WURTMAN CO ELIE WURTMAN | DIRECTOR |
| ENID WURTMAN | DIRECTOR |
Grants Awarded (43 total)
| Purpose | ||||
|---|---|---|---|---|
| RAMAH IN THE ROCKIES | DENVER, CO | $10,000 | TO SUPPORT RAMAH IN THE ROCKIES, A KOSHER OUTDOOR ADVENTURE CAMP THAT STRIVES TO NURTURE THE CHARACTER DEVELOPMENT... | 2020 |
| ISAAC KALIMI | JERUSALEM | $5,911 | CHARITABLE | 2019 |
| RUTH NEWMAN | BET SHEMESH | $5,850 | EMERGENCY AID TO REFUSENIKS | 2023 |
| MILA VOLVOVSKY | EFRAT | $3,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| PAVEL ABRAMOVICH | TEL AVIV | $3,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| MILA VOLVOVSKY | EFRAT | $2,500 | EMERGENCY AID TO REFUSENIKS | 2021 |
| PAVEL ABRAMOVICH | TEL AVIV | $2,500 | EMERGENCY AID TO REFUSENIKS | 2021 |
| LEAH CHERNOBILSKY | GIVON AHADASHA | $2,500 | EMERGENCY AID TO REFUSENIKS | 2023 |
| INNA AND IGOR USPENSKY | JERUSALEM | $2,500 | EMERGENCY AID TO REFUSENIKS | 2023 |
| MILA VOLVOVSKY | EFRAT | $2,500 | EMERGENCY AID TO REFUSENIKS | 2022 |
| PAVEL ABRAMOVICH | TEL AVIV | $2,500 | EMERGENCY AID TO REFUSENIKS | 2022 |
| FANYA BERENSTEIN | JERUSALEM | $2,236 | EMERGENCY AID TO REFUSENIKS | 2023 |
| RIMMA YAKIR | TEL AVIV | $2,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| VLADIMIR KISLIK | MODIIN | $2,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| INNA KOSHAROVSKY | HERZILIA | $2,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| ILANA KEIS | ARIEL | $2,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| GALINA KREMEN | KARMIEL | $2,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| ABA TARATUTA | HAIFA | $2,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| CLARA HAYA ESTHER YEHUDI | KIRYAT GAT | $2,000 | EMERGENCY AID TO REFUSENIKS | 2023 |
| RIMMA YAKIR | TEL AVIV | $1,500 | EMERGENCY AID TO REFUSENIKS | 2021 |
| VLADIMIR KISLIK | MODIIN | $1,500 | EMERGENCY AID TO REFUSENIKS | 2021 |
| LEAH CHERNOBILSKY | GIVON AHADASHA | $1,500 | EMERGENCY AID TO REFUSENIKS | 2021 |
| FANYA BERENSTEIN | JERUSALEM | $1,500 | EMERGENCY AID TO REFUSENIKS | 2021 |
| INNA KOSHAROVSKY | HERZILIA | $1,500 | EMERGENCY AID TO REFUSENIKS | 2021 |
| ILANA KEIS | ARIEL | $1,500 | EMERGENCY AID TO REFUSENIKS | 2021 |