Richard S And Karen Lefrak Charitable Foundation Inc
- Assets
- $10.9m
- Revenue
- $3.3m
- Investments
- $7.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/1991
- Data as of
- 11/2023
- EIN
- 11-2994678
Organization Overview
Richard S And Karen Lefrak Charitable Foundation Inc is located in Wilmington, DE. The organization was established in 1991. 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. Richard S And Karen Lefrak Charitable 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 11/2023, Richard S And Karen Lefrak Charitable Foundation Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $3.7m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Richard S And Karen Lefrak Charitable Foundation Inc has awarded 101 individual grants totaling $20,224,400. 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 |
|---|---|---|---|
Thomas A Varley End 62023 Director & President | 5 | $0 | |
Brian Mclean Director & Executive Vice President | 5 | $0 | |
Jay Mchugh Director & Vice President | 5 | $0 | |
Joshua Grant Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,459,631 |
| Interest on Savings | $22,460 |
| Dividends & Interest | $244,389 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$440,857 |
| Capital Gain Net Income | $2,975,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,285,623 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $84,218 |
| Total operating and administrative expenses | $111,543 |
| Contributions, gifts, grants paid | $3,635,000 |
| Total expenses and disbursements | $3,746,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,248,456 |
| 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 | $369,970 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,936,808 |
| 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, Richard S And Karen Lefrak Charitable Foundation Inc has awarded $3,635,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL | $10,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL | $100,000 |
AMHERST COLLEGE PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL | $250,000 |
HOPE FOR DEPRESSION RESEARCH FOUNDATION PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL | $25,000 |
CENTRAL PARK CONSERVANCY PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL | $10,000 |
HUNTER COLLEGE FOUNDATION INC PURPOSE: RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL | $5,000 |