The Lawrence Foundation
- Assets
- $75.3m
- Revenue
- $4.7m
- Investments
- $63.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1977
- Data as of
- 12/2023
- EIN
- 13-2880731
Organization Overview
The Lawrence Foundation is located in New York, NY. The organization was established in 1977. 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. Lawrence 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 12/2023, Lawrence Foundation generated $4.7m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lawrence Foundation has awarded 326 individual grants totaling $14,377,300. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Bernstein Trustee/exec Director | 40 | $211,322 | |
Audrey Bernstein Trustee/director Of Programs | 20 | $73,682 | |
Laura J Bernstein Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neuberger Berman | 12/30/23 | $62,541 |
Marvin Cohen | 12/30/23 | $58,858 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,960,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,521,559 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$778,405 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,703,154 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $285,004 |
| Other employee salaries and wages | $66,378 |
| Pension plans, employee benefits | $38,959 |
| Interest | $0 |
| Taxes | $61,954 |
| Depreciation | $743 |
| Occupancy | $14,650 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148,961 |
| Total operating and administrative expenses | $753,895 |
| Contributions, gifts, grants paid | $3,547,600 |
| Total expenses and disbursements | $4,301,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,668 |
| Savings and temporary cash investments | $11,214,725 |
| 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 | $1,644,344 |
| Net Land, buildings, and equipment | $999 |
| Other assets | $59,414 |
| Total assets | $75,285,773 |
| 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 | $682 |
| Total liabilities | $682 |
Grants Awarded
Over the last fiscal year, The Lawrence Foundation has awarded $3,547,600 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU (FOUNDATION) PURPOSE: FOR COMMUNITY DEVELOPMENT PURPOSES | $25,000 |
ACUMEN PURPOSE: FOR COMMUNITY DEVELOPMENT PURPOSES | $25,000 |
ANDREW GOODMAN FOUNDATION PURPOSE: FOR CIVIC ENGAGEMENT | $7,500 |
AFYA FOUNDATION PURPOSE: FOR HEALTH PURPOSES | $50,000 |
ARBOR RISING (FORMERLY ARBOR BROTHERS) PURPOSE: FOR COMMUNITY DEVELOPMENT PURPOSES | $100,000 |
ARC OF WESTCHESTER FOUNDATION PURPOSE: FOR EDUCATION PURPOSES | $25,000 |