Connie And Bob Lurie Foundation Inc
- Assets
- $112.6m
- Revenue
- $25.5m
- Investments
- $111.6m
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-8004479
Organization Overview
Connie And Bob Lurie Foundation Inc is located in Redwood City, CA. The organization was established in 2007. 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. Connie And Bob Lurie 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, Connie And Bob Lurie Foundation Inc generated $25.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $18.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Connie And Bob Lurie Foundation Inc has awarded 544 individual grants totaling $35,027,631. 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 |
|---|---|---|---|
Robert A Lurie Vice Preside | 2 | $0 | |
Connie L Lurie President/se | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $472,212 |
| Dividends & Interest | $993,942 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,972,927 |
| Capital Gain Net Income | $23,972,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,099 |
| Total Revenue | $25,457,180 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $300,246 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $116 |
| Total operating and administrative expenses | $1,069,418 |
| Contributions, gifts, grants paid | $16,900,550 |
| Total expenses and disbursements | $17,969,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $959,973 |
| 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 | $6,813,725 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $112,597,495 |
| 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, Connie And Bob Lurie Foundation Inc has awarded $16,900,550 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
UCSF - GLADSTONE INSTITUTE PURPOSE: CHARITY | $9,000,000 |
ST FRANCIS CENTER PURPOSE: CHARITY | $2,050,000 |
Palm Desert, CA PURPOSE: CHARITY | $2,016,000 |
DAMON RUNYON CANCER RESEARCH FND PURPOSE: CHARITY | $600,000 |
STANFORD SCHOOL OF MEDECINE PURPOSE: CHARITY | $350,000 |
CRISTO REY SCHOOL PURPOSE: CHARITY | $335,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kavli Foundation Los Angeles, CA | $672,190,947 | $63,900,227 |
Oprah Winfrey Charitable Foundation Los Angeles, CA | $244,908,730 | $15,499,605 |
Reed Family Giving Palo Alto, CA | $0 | $1,785,630 |
Perenchio Foundation Pasadena, CA | $23,143,013 | $16,139,490 |
Elbridge Stuart Foundation San Francisco, CA | $0 | $50,927,983 |
Chamberlin Family Foundation Richmond, CA | $3,805,906 | $611,005 |
May And Stanley Smith Charitable Trust Corte Madera, CA | $490,127,774 | $29,599,485 |
Diane And Bruce Halle Foundation Scottsdale, AZ | $130,264 | $31,307,586 |
Cyrus Tang Foundation Las Vegas, NV | $882,448,132 | $23,435,848 |
Scully Memorial Foundation San Rafael, CA | $838,174,417 | $32,779,151 |
Kate B Reynolds Charitable Trust Las Vegas, NV | $458,547,474 | $24,205,244 |
Windsong Tr Manhattan Beach, CA | $426,534,426 | $49,190,132 |