Leir Foundation Inc
- Assets
- $108.8m
- Revenue
- $16.7m
- Investments
- $87.8m
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 03/1997
- Data as of
- 12/2021
- EIN
- 06-1466481
Organization Overview
Leir Foundation Inc is located in Ridgefield, CT. The organization was established in 1997. 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. Leir Foundation Inc 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 12/2021, Leir Foundation Inc generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $8.1m during the year ending 12/2021. While expenses have increased by 10.7% per year over the past 5 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 2017, Leir Foundation Inc has awarded 17 individual grants totaling $32,607,805. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margot Gibis President/director | 40 | $342,760 | |
Laurie Kuhn Assistant Secretary | 40 | $51,800 | |
Joseph Whalen Director/chair/treasurer | 1 | $0 | |
Jean Wagner Director Until 12/10/21 | 1 | $0 | |
Markus Fuchs Assistant Treasurer/secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cadwalader Wickersham And Taft Llp | 12/30/21 | $50,911 |
Offit Capital Advisors | 12/30/21 | $298,167 |
Marcum Llp | 12/30/21 | $236,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29,672 |
| Dividends & Interest | $1,240,009 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,171,164 |
| Capital Gain Net Income | $15,177,314 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $302,570 |
| Total Revenue | $16,743,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $394,560 |
| Other employee salaries and wages | $12,001 |
| Pension plans, employee benefits | $96,792 |
| Interest | $245 |
| Taxes | $113,910 |
| Depreciation | $685 |
| Occupancy | $107,640 |
| Travel, conferences, and meetings | $31,529 |
| Printing and publications | $0 |
| Other expenses | $167,777 |
| Total operating and administrative expenses | $1,613,378 |
| Contributions, gifts, grants paid | $6,469,440 |
| Total expenses and disbursements | $8,082,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $817,702 |
| Savings and temporary cash investments | $20,134,161 |
| 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 | $2,965 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $87,816,898 |
| Net Land, buildings, and equipment | $364 |
| Other assets | $38,771 |
| Total assets | $108,810,861 |
| 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, Leir Foundation Inc has awarded $9,286,440 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHMENT A PURPOSE: GRANTS FOR DONEE'S EXEMPT PURPOSE | $5,169,440 |
Danbury, CT PURPOSE: TO SUPPORT VASCULAR CENTER | $2,000,000 |
Ridgefield, CT PURPOSE: SUPPORT OF OPERATION OF PROGRAMS FOR DISADVANTAGED CHILDREN AND CONFERENCE CENTER FOR CHARITABLE ORGANIZATIONS | $1,300,000 |
LUXEMBOURG SCIENCE CENTER PURPOSE: TO SUPPORT SCIENCES | $500,000 |
CLARK UNIVERSITY HJL LUXEMBOURG PROGRAM PURPOSE: TO SUPPORT UNIVERSITIES | $167,000 |
New York, NY PURPOSE: TO SUPPORT CULTURAL ACTIVITIES | $75,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Leir Foundation Inc has recieved totaling $71,352,783.
| Awarding Organization | Amount |
|---|---|
Ridgefield Foundation Ridgefield, CT PURPOSE: VARIOUS - SEE ATTACHMENT A | $61,696,748 |
Ridgefield Foundation Ridgefield, CT PURPOSE: TRANSFER OF CASH DUE TO MERGER WITH LEIR FOUNDATION | $9,525,504 |
Ridgefield Foundation Ridgefield, CT PURPOSE: TRANSFER OF CASH DUE TO MERGER WITH LEIR FOUNDATION | $128,881 |
Ridgefield Foundation Ridgefield, CT PURPOSE: TRANSFER OF CASH DUE TO MERGER WITH LEIR FOUNDATION | $1,500 |
Ridgefield Foundation Ridgefield, CT PURPOSE: TRANSFER OF CASH DUE TO MERGER WITH LEIR FOUNDATION | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |