# Maltz Family Foundation

Maltz Family Foundation is an Endowment / Foundation based in Beachwood, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Beachwood, United States
- **Region:** North America
- **Address:** Beachwood, OH, United States
- **Founded:** 1989
- **Assets under management:** Approximately $40M (Altss estimate)
- **Website:** www.maltzfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/maltz-family-foundation

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1989, the Milton and Tamar Maltz Family Foundation is the philanthropic vehicle for the wealth generated by Malrite Communications Group, a radio and television broadcasting company Milton Maltz founded in 1956. The foundation is governed by Maltz and his wife Tamar, alongside their adult children Daniel, David, and Julie Konigsberg, who serve as officers. James O. Gomez, President of The Malrite Company, manages the family office operations that support the foundation's activities. The foundation funds pre-selected grants across five program areas: the arts, health and human services, medical research, education, and the environment. Its grantmaking posture is unusually concentrated — the foundation does not accept unsolicited proposals, directing capital exclusively to organizations identified by the family. Major physical assets include the Maltz Museum of Jewish Heritage in Beachwood, Ohio, the Maltz Jupiter Theatre in Florida, and the International Spy Museum in Washington, D.C., which the family operates as a commercial entity with an educational mission. The foundation's endowment supports these institutions while also funding external grantees in Northeast Ohio and South Florida. The foundation's assets are estimated at approximately $40 million (Altss estimate), reflecting a portfolio weighted toward mission-related real estate and operating entities. The International Spy Museum, relocated to a purpose-built 140,000-square-foot facility at L'Enfant Plaza in 2019, represents the foundation's most visible programmatic investment. Additional holdings include commercial restaurant properties in Washington, D.C. and the Gallery One collection in Cleveland. Milton Maltz maintains professional affiliations with the CIA Officers Memorial Foundation and the Cleveland Orchestra, reflecting the foundation's institutional giving priorities. The foundation operates with an unusually tight integration between its grantmaking and its physical assets. Rather than maintaining a conventional diversified portfolio and making grants from investment returns, the Maltz Family Foundation directly owns and operates cultural institutions that fulfill its charitable mission. This structure means program outcomes are tied to the operational performance of real estate and museum enterprises — a posture that distinguishes it from most endowment-model foundations of comparable size.

## Sectors

- Arts & Culture
- Healthcare Services
- Medical Research
- Education
- Environment

## People

- Milton Maltz — Founder
- Tamar Maltz — Founder
- Daniel Maltz — Vice President
- David Maltz — Treasurer
- Julie Konigsberg — Vice President

## Questions

### Does the Maltz Family Foundation accept grant applications?

No. The foundation states explicitly that it does not accept unsolicited proposals or grant requests. All funding is directed via pre-selected grants to organizations identified by the family and its officers. This is a closed-door grantmaking model common among private foundations where the donor retains full discretion over charitable distributions.

### What is the relationship between the Maltz Family Foundation and the International Spy Museum?

The International Spy Museum is a programmatic asset of the foundation. Milton Maltz conceived and funded the museum, which opened in 2002 and relocated to a larger facility at L'Enfant Plaza in Washington, D.C. in 2019. The museum operates as a commercial enterprise with a nonprofit educational mission, and the foundation owns the building and the collection. It is not an arm's-length grantee but a directly controlled operating entity.

### Where did the Maltz family wealth originate?

Milton Maltz built Malrite Communications Group, a radio and television broadcasting company he founded in 1956. The company grew into a significant operator of stations across multiple markets. Maltz sold Malrite's television station group to Raycom Media in 1998 and later divested radio assets, generating the capital that endowed the foundation.

## Related profiles

- [Cline Family Foundation](https://altss.com/profile/cline-family-foundation)
- [Benedictine University](https://altss.com/profile/benedictine-university)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/maltz-family-foundation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology