Gerald L Lennard Foundation Inc
- Assets
- $50.4m
- Revenue
- $2.1m
- Investments
- $48.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 13-3888381
Organization Overview
Gerald L Lennard Foundation Inc is located in Wilmington, DE. The organization was established in 1996. 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. Gerald L Lennard 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, Gerald L Lennard Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Gerald L Lennard Foundation Inc has awarded 230 individual grants totaling $6,151,534. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Lennard Dir | 1 | $0 | |
Jennifer Meyerhardt Dir, VP | 1 | $0 | |
Lewis Rubin Treas, VP | 1 | $0 | |
Wendy Rubin Dir, Pres | 5 | $0 | |
Stacey Lennard Dir, Sec | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Excelsior Wealth Management | 12/30/21 | $115,343 |
Foundation Source | 12/30/21 | $81,916 |
Ubs Financial Services | 12/30/21 | $206,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,203 |
| Dividends & Interest | $936,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,085,020 |
| Capital Gain Net Income | $1,085,020 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $27,546 |
| Total Revenue | $2,050,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $8,748 |
| Taxes | $19,592 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109,085 |
| Total operating and administrative expenses | $497,194 |
| Contributions, gifts, grants paid | $2,204,834 |
| Total expenses and disbursements | $2,702,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,710,868 |
| Net Accounts receivable | $12,997 |
| 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 | $10,842,785 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $50,435,919 |
| 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, Gerald L Lennard Foundation Inc has awarded $2,204,834 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Jenkintown, PA PURPOSE: CLIMATE COLLECTIVE PROJECT | $333,334 |
San Francisco, CA PURPOSE: FUNDING CAMBODIA GIRLS EDUCATION PROGRAM | $100,000 |
GIRL RISING PURPOSE: FUTURE RISING FELLOWS PROGRAM | $100,000 |
BARD COLLEGE PURPOSE: WOMENS PRISON PROGRAM AND REENTRY AND ALUMNI AFFAIRS PROGRAM | $100,000 |
New York, NY PURPOSE: ANNUAL EDUCATIONAL PROGRAMING SUPPORT | $100,000 |
PARTNERS IN HEALTH A NONPROFIT CORPORATION PURPOSE: UNIVERSITY OF GLOBAL HEALTH EQUITY (UGHE) - RWANDA | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |