Lavelle Fund For The Blind Inc

Organization Overview

Lavelle Fund For The Blind Inc is located in New York, NY. The organization was established in 1941. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lavelle Fund For The Blind 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, Lavelle Fund For The Blind Inc generated $53.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.3% each year . All expenses for the organization totaled $8.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Lavelle Fund For The Blind Inc has awarded 314 individual grants totaling $51,784,407. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE BROTHER JAMES KEARNEY SCHOLARSHIP PROGRAM FOR THE BLIND AIMS TO HELP MAKE QUALITY UNDERGRADUATE AND GRADUATE EDUCATION AFFORDABLE FOR U.S. RESIDENTS WHO ARE LEGALLY BLIND AND FINANCIALLY NEEDY.BY ASSISTING INDIVIDUALS WHO ARE LEGALLY BLIND OR VISUALLY IMPAIRED IN ATTAINING QUALITY EDUCATION, THE SCHOLARSHIP PROGRAM FURTHERS THE FUND'S EXEMPT PURPOSE BY ASSISTING INDIVIDUALS WHO ARE LEGALLY BLIND OR VISUALLY-IMPAIRED LIVE INDEPENDENT AND PRODUCTIVE LIVES. THE SCHOLARSHIP PROGRAM IS INTENDED TO SUPPORT A LEGALLY BLIND OR VISUALLY IMPAIRED STUDENT'S FULL-TIME PROGRAM OF STUDY LEADING TO A 4-YEAR (BACHELOR'S) DEGREE OR GRADUATE DEGREE PROGRAM. IN 2021, THE FUND AWARDED A TOTAL OF $335,915 IN SCHOLARSHIP GRANTS. THE COST OF ADMINISTERING THE SCHOLARSHIP PROGRAM WAS $53,725.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ubs
$116,472
American Capital Management Llc
$151,924
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $126
Dividends & Interest $2,569,728
Net Rental Income$0
Net Gain on Sale of Assets $50,666,892
Capital Gain Net Income $50,666,892
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $49,507
Total Revenue $53,286,253

Grants Awarded

Over the last fiscal year, Lavelle Fund For The Blind Inc has awarded $17,816,023 in support to 112 organizations.

Grant RecipientAmount

ST THOMAS AQUINAS COLLEGE

Org PageRecipient Profile

Sparkill, NY

PURPOSE: SCH2014-11: BROTHER KEARNEY SCHOLARSHIP PROGRAM, PHASE 3, JULY 2014 - JUNE 2019

$558,401

FAIRFIELD UNIVERSITY

Org PageRecipient Profile

Fairfield, CT

PURPOSE: SCH2016-12: BROTHER KEARNEY SCHOLARSHIP PROGRAM, PHASE 3, JULY 2014 - JUNE 2019

$544,138

DOMINICAN COLLEGE OF BLAUVELT

Org PageRecipient Profile

Orangeburg, NY

PURPOSE: SCH2014-2: BROTHER KEARNEY SCHOLARSHIP PROGRAM, PHASE 3, JULY 2014 - JUNE 2019

$533,291

MANHATTANVILLE COLLEGE

Org PageRecipient Profile

Purchase, NY

PURPOSE: SCH2014-5: BROTHER KEARNEY SCHOLARSHIP PROGRAM, PHASE 3, JULY 2014 - JUNE 2019

$530,351

SETON HALL UNIVERSITY

Org PageRecipient Profile

South Orange, NJ

PURPOSE: SCH2014-9: BROTHER KEARNEY SCHOLARSHIP PROGRAM, PHASE 3, JULY 2014 - JUNE 2019

$476,721

DOMINICAN COLLEGE OF BLAUVELT

Org PageRecipient Profile

Orangeburg, NY

PURPOSE: #21-19: HYBRID ONLINE LEARNING FOR TEACHERS OF STUDENTS WHO ARE BLIND OR VISUALLY IMPAIRED (TVIS) INCLUDING THOSE WITH MULTIPLE DISABILITIES, IN THE GREATER NEW YORK METROPOLITAN AREA

$468,822
View Grant Profile

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