Loewy Family Foundation Inc
- Assets
- $10.7m
- Revenue
- $251.4k
- Investments
- $10.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/1968
- Data as of
- 06/2023
- EIN
- 13-6225288
Organization Overview
Loewy Family Foundation Inc is located in New York, NY. The organization was established in 1968. 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. Loewy Family 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 06/2023, Loewy Family Foundation Inc generated $251.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $602.5k during the year ending 06/2023. While expenses have increased by 6.4% 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, Loewy Family Foundation Inc has awarded 25 individual grants totaling $2,318,700. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brigitte Loewy Linz Director And Vice President | 1 | $0 | |
Andrew David Linz Director & Vice President | 1 | $0 | |
Edward B Pennfield Director & Vice President | 1 | $0 | |
Erik A Hanson CPA Director & Vice President | 1 | $0 | |
Mischa A Zabotin Director & Vice President | 1 | $0 | |
Peter Erwin Linz Chair And President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,136 |
| Dividends & Interest | $202,756 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,432 |
| Capital Gain Net Income | $40,432 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $31 |
| Total Revenue | $251,355 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,404 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,535 |
| Total operating and administrative expenses | $102,519 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $602,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $334,738 |
| 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 | $2,180,871 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,736,251 |
| 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, Loewy Family Foundation Inc has awarded $500,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GRAUER FOUNDATION FOR EDUCATION PURPOSE: TO SUPPORT ROBOTICS EDUCATION AND TO ENDOW THE LOEWY-LINZ CHAIR IN STEM INNOVATION TO ATTRACT AND RETAIN EXCEPTIONAL SCHOLARS IN STEM EDUCATION | $35,000 |
COLUMBIA UNIVERSITY PURPOSE: TO ESTABLISH THE LOEWY SCHOLARSHIP FUND AND ENDOWED FUND AT COLUMBIA COLLEGE | $400,000 |
GRAUER FOUNDATION FOR EDUCATION PURPOSE: RESTRICTED TOWARDS ORGANIZATION GOAL | $22,000 |
GRAUER FOUNDATION FOR EDUCATION PURPOSE: TO SUPPORT ROBOTICS EDUCATION AND TO ENDOW THE LOEWY-LINZ CHAIR IN STEM INNOVATION TO ATTRACT AND RETAIN EXCEPTIONAL SCHOLARS IN STEM EDUCATION | $13,000 |
MOHONK PRESERVE INC PURPOSE: TO ENHANCE AND MAXIMIZE THE PRESERVE'S CAPACITY TO EXTRACT AND APPLY EXISTING SCIENTIFIC DATA AND TO RECRUIT VISITING SCIENTISTS TO CONDUCT TARGETED FIELD RESEARCH IN SUPPORT OF HIGHEST-PRIORITY LAND MANAGEMENT | $30,000 |