Mortimer And Mimi Levitt Foundation Inc

Organization Overview

Mortimer And Mimi Levitt Foundation Inc is located in Los Angeles, CA. The organization was established in 1966. 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. Mortimer And Mimi Levitt 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, Mortimer And Mimi Levitt Foundation Inc generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 46.7% each year . All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Mortimer And Mimi Levitt Foundation Inc has awarded 118 individual grants totaling $3,645,913. 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 MORTIMER AND MIMI LEVITT FOUNDATION SUPPORTS THE PROGRAMS OF LOCAL FRIENDS OF LEVITT PAVILION ORGANIZATIONS AND NONPROFITS THROUGH INTERPAVILION AND LEVITT NETWORK ACTIVITIES AND CONSULTATION. THE FOUNDATION SUPPORTS AND ASSISTS IN THE PRODUCTION OF FREE CONCERTS AS WELL AS GUIDES CIVIC AND COMMUNITY LEADERS IN DEVELOPING NEW LOCAL LEVITT PROGRAMS AND FREE CONCERT SERIES. THE GOAL OF THE FOUNDATION IS TO INSPIRE AND STRENGTHEN COMMUNITIES THROUGH LIVE MUSIC EXPERIENCES. CENTRAL TO THIS MISSION IS THE CREATION, DEVELOPMENT, AND SUPPORT OF LEVITT PAVILIONS AND LEVITT CONCERT SITES AS COMMUNITY GATHERING SPACES. THE FOUNDATION HELPS TOWNS AND CITIES NATIONWIDE ESTABLISH AND SUSTAIN THEIR OWN PAVILIONS, CONCERT SITES, AND LEVITT PROGRAMS, RESULTING IN STRONGER, HEALTHIER, AND MORE INTERCONNECTED NEIGHBORHOODS AND COMMUNITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ubs
$121,939
Eisneramper Llp
$165,755
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $11,045,987
Interest on Savings $0
Dividends & Interest $616,896
Net Rental Income$528,197
Net Gain on Sale of Assets $1,178,861
Capital Gain Net Income $1,178,861
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $382,661
Total Revenue $14,665,647

Grants Awarded

Over the last fiscal year, Mortimer And Mimi Levitt Foundation Inc has awarded $2,065,807 in support to 62 organizations.

Grant RecipientAmount

FRIENDS OF LEVITT PAVILION CITY OF ANGELS

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: GENERAL OPERATING SUPPORT

$450,000

FRIENDS OF LEVITT SHELL MEMPHIS

PURPOSE: GENERAL OPERATING SUPPORT

$200,000

FRIENDS OF LEVITT PAVILION ARLINGTON

Org PageRecipient Profile

Arlington, TX

PURPOSE: GENERAL OPERATING SUPPORT

$180,000

FRIENDS OF LEVITT PAVILION DENVER

PURPOSE: GENERAL OPERATING SUPPORT

$175,000

FRIENDS OF LEVITT PAVILION STEELSTACKS

Org PageRecipient Profile

Bethlehem, PA

PURPOSE: GENERAL OPERATING SUPPORT

$175,000

FRIENDS OF LEVITT PAVILION DAYTON

Org PageRecipient Profile

Dayton, OH

PURPOSE: GENERAL OPERATING SUPPORT

$175,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mortimer And Mimi Levitt Foundation Inc has recieved totaling $7,500.

Awarding OrganizationAmount
Los Angeles Medical Center Foundation

Los Angeles, CA

PURPOSE: CHARITY

$7,500
View Grant Recipient Profile

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