William J & Lia G Poorvu Family Foundation
- Assets
- $132.7m
- Revenue
- $12.1m
- Investments
- $128.5m
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 11/1978
- Data as of
- 12/2022
- EIN
- 04-2651199
Organization Overview
William J & Lia G Poorvu Family Foundation is located in Cambridge, MA. The organization was established in 1978. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William J & Lia G Poorvu Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, William J & Lia G Poorvu Family Foundation generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $11.6m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William J & Lia G Poorvu Family Foundation has awarded 301 individual grants totaling $26,080,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lia G Poorvu Trustee | 5 | $0 | |
William J Poorvu Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $1,832,096 |
| Dividends & Interest | $628,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,486,111 |
| Capital Gain Net Income | $2,486,111 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,190,800 |
| Total Revenue | $12,137,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,349,286 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,342,363 |
| Total operating and administrative expenses | $2,707,649 |
| Contributions, gifts, grants paid | $8,848,500 |
| Total expenses and disbursements | $11,556,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,115,355 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $128,546,237 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $132,661,592 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William J & Lia G Poorvu Family Foundation has awarded $8,848,500 in support to 111 organizations.
| Grant Recipient | Amount |
|---|---|
2LIFE COMMUNITIES SERVICES PURPOSE: OPERATING SUPPORT | $15,000 |
ACCELERATE CHANGE PURPOSE: OPERATING SUPPORT | $50,000 |
ACLU FOUNDATION OF MA PURPOSE: OPERATING SUPPORT | $25,000 |
ADOLESCENT CONSULTATION SERVICES PURPOSE: ENDOWMENT - PROGRAM AND OPERATING SUPPORT | $100,000 |
AMERICAN ACADEMY OF ARTS AND SCIENCES PURPOSE: PROGRAM SUPPORT | $200,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: TRANSATLANTIC INSTITUTE | $15,000 |