Liberty Mutual Foundation Inc
- Assets
- $40.4m
- Revenue
- $39.3m
- Investments
- $40.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 14-1893520
Organization Overview
Liberty Mutual Foundation Inc is located in Boston, MA. The organization was established in 2004. 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. Liberty Mutual 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, Liberty Mutual Foundation Inc generated $39.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 61.8% each year . All expenses for the organization totaled $39.2m during the year ending 12/2021. While expenses have increased by 21.4% 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, Liberty Mutual Foundation Inc has awarded 1,618 individual grants totaling $96,108,252. 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 |
|---|---|---|---|
Mark C Touhey Executive Vp/secretary/director | 1 | $0 | |
Dennis J Langwell Director | 1 | $0 | |
Kristin L Kelley Assistant Secretary | 1 | $0 | |
Richard P Quinlan Assistant Secretary | 1 | $0 | |
Maura Mckinnon Vice President | 1 | $0 | |
Edward J Pena Assistant Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,300,000 |
| Interest on Savings | $2,774 |
| Dividends & Interest | $435,943 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,544,523 |
| Capital Gain Net Income | $38,402,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,283,240 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $550,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,568 |
| Total operating and administrative expenses | $919,576 |
| Contributions, gifts, grants paid | $38,249,958 |
| Total expenses and disbursements | $39,169,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $51,470 |
| 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 | $796,823 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,383,671 |
| 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, Liberty Mutual Foundation Inc has awarded $50,124,958 in support to 759 organizations.
| Grant Recipient | Amount |
|---|---|
Newark, DE PURPOSE: LM TORCHBEARER | $5,659,805 |
Boston, MA PURPOSE: A PATH HOME FOR EVERY YOUTH | $2,000,000 |
Boston, MA PURPOSE: INCLUSIVE FUTURES FUND | $1,000,000 |
Boston, MA PURPOSE: NEW MUSEUM - IN RECOGNITION OF DENNIS LANGWELLS SERVICE ON BOD | $1,000,000 |
Boston, MA PURPOSE: NEW COMMONWEALTH FUND FOR SOCIAL JUSTICE, LIBERTY MUTUAL FOUNDATION | $800,000 |
Boston, MA PURPOSE: TRUSTEES BOSTON WATERFRONT INITIATIVE - ONE WATERFRONT | $750,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |