Low Road Foundation
- Assets
- $215.5m
- Revenue
- $10.0m
- Investments
- $144.8m
- Employees
- 0
- Location
- Sharon, CT
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-1737242
Organization Overview
Low Road Foundation is located in Sharon, CT. 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. Low Road Foundation 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, Low Road Foundation generated $10.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $9.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,250,924 |
| Interest on Savings | $0 |
| Dividends & Interest | $988,383 |
| Net Rental Income | $54,500 |
| Net Gain on Sale of Assets | $1,702,691 |
| Capital Gain Net Income | $37,967,968 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$39,660 |
| Total Revenue | $9,956,838 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $654,925 |
| Depreciation | $31,702 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $547,586 |
| Total operating and administrative expenses | $1,542,732 |
| Contributions, gifts, grants paid | $8,016,920 |
| Total expenses and disbursements | $9,559,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,684,969 |
| Net Accounts receivable | $31,500,000 |
| 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 | $999,841 |
| Investments—mortgage loans | $0 |
| Investments—other | $61,977,595 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $24,472,726 |
| Total assets | $215,454,166 |
| 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 | $15,452 |
| Total liabilities | $15,452 |
Grants Awarded
Over the last fiscal year, Low Road Foundation has awarded $8,016,920 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE SCHEDULE A PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $7,421,250 |
SEE SCHEDULE A PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $595,670 |