The Frederick Loewe Foundation Inc
- Assets
- $13.0m
- Revenue
- $1.5m
- Investments
- $11.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1960
- Data as of
- 12/2021
- EIN
- 13-6111444
Organization Overview
The Frederick Loewe Foundation Inc is located in New York, NY. The organization was established in 1960. 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. Frederick Loewe 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, Frederick Loewe Foundation Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Frederick Loewe Foundation Inc has awarded 65 individual grants totaling $1,312,000. 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
PROJECT EXPENSE: BRIGADOON CAST ALBUM RECORDING THE PROJECT PRESERVED THE NEW CAST ALBUM RECORDING ON CD FOR LERNER & LOEWE'S BRIGADOON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Altman President | 30 | $240,284 | |
Douglas Coblens Treasurer | 4.5 | $25,000 | |
Michael Lennon Board Member | 1 | $0 | |
Dara Altman Vice President | 2 | $0 | |
Paul Epstein Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $284,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $750,203 |
| Capital Gain Net Income | $750,203 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $488,609 |
| Total Revenue | $1,523,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $265,284 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,854 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $148,675 |
| Total operating and administrative expenses | $538,595 |
| Contributions, gifts, grants paid | $789,500 |
| Total expenses and disbursements | $1,328,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,144 |
| Savings and temporary cash investments | $437,015 |
| 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 | $2,234,813 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $912,531 |
| Total assets | $12,973,778 |
| 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 | $6,221 |
| Total liabilities | $6,221 |
Grants Awarded
Over the last fiscal year, The Frederick Loewe Foundation Inc has awarded $789,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTER COLLEGE FOUNDATION - LOEWE THEATER UPGRADE PROJECT PURPOSE: GENERAL PURPOSES | $175,000 |
HUNTER COLLEGE FOUNDATION - DANCE STUDIO RENOVATION PURPOSE: GENERAL PURPOSES | $100,000 |
VIVIAN BEAUMONT THEATER - FOR LINCOLN CENTER THEATER OPEN STAGES EDUCATION PURPOSE: GENERAL PURPOSES | $55,000 |
SAVE THE MUSIC PURPOSE: GENERAL PURPOSES | $55,000 |
NEW YORK CITY CENTER - ENCORES PURPOSE: GENERAL PURPOSES | $50,000 |
NYU - TISCH SCHOOL PURPOSE: GENERAL PURPOSES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |