Gerald L Lennard Foundation Inc
- Assets
- $47.4m
- Revenue
- $56.5k
- Investments
- $45.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 07/1996
- Data as of
- 12/2022
- 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 12/2022, Gerald L Lennard Foundation Inc generated $56.5k in total revenue. All expenses for the organization totaled $3.0m during the year ending 12/2022.
Since 2019, Gerald L Lennard Foundation Inc has awarded 278 individual grants totaling $8,442,567. 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
2022
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 | |
Stacey Lennard Dir, Sec | 1 | $0 | |
Jennifer Meyerhardt Dir, VP | 1 | $0 | |
Lewis Rubin Treas, VP | 1 | $0 | |
Wendy Rubin Dir, Pres | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ubs Financial Services | 12/30/22 | $189,221 |
Excelsior Wealth Management | 12/30/22 | $132,220 |
Foundation Source | 12/30/22 | $80,459 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,194 |
| Interest on Savings | $5,604 |
| Dividends & Interest | $906,965 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$875,553 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,329 |
| Total Revenue | $56,539 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,176 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,601 |
| Printing and publications | $0 |
| Other expenses | $227,234 |
| Total operating and administrative expenses | $757,037 |
| Contributions, gifts, grants paid | $2,291,033 |
| Total expenses and disbursements | $3,048,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,744,148 |
| Net Accounts receivable | $7,434 |
| 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 | $11,937,501 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,444,388 |
| 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 $2,291,033 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
AFYA FOUNDATION INC PURPOSE: UKRAINE RELIEF | $50,000 |
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
AMERICAN FRIENDS OF COMBATANTS FOR PEACE INC PURPOSE: YOUTH PROGRAMMING | $25,000 |
BACKLINE CARE INC PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
BARD COLLEGE PURPOSE: WOMEN'S PROGRAM AND ALUMNI RE-ENTRY | $100,000 |
BEGINNING WITH CHILDREN FOUNDATION INC PURPOSE: CHS COLLEGE/CAREERS EXPLORATION PROGRAM | $15,000 |