Lau & Bea Christensen Charitable Foundation
- Assets
- $9.3m
- Revenue
- $700.7k
- Investments
- $9.2m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-8837127
Organization Overview
Lau & Bea Christensen Charitable Foundation is located in Madison, WI. The organization was established in 2007. 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. Lau & Bea Christensen Charitable 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 12/2021, Lau & Bea Christensen Charitable Foundation generated $700.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $963.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lau & Bea Christensen Charitable Foundation has awarded 235 individual grants totaling $4,102,218. 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 |
|---|---|---|---|
Laurits R Christensen Director | 0 | $0 | |
Scott Christensen Director | 0 | $0 | |
Christopher Bugg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $604,083 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,414 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $22,456 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $700,669 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110 |
| Total operating and administrative expenses | $27,503 |
| Contributions, gifts, grants paid | $935,800 |
| Total expenses and disbursements | $963,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,060 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,280,232 |
| 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, Lau & Bea Christensen Charitable Foundation has awarded $935,800 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
PPWI PURPOSE: TO SUPPORT ORGANIZATION | $210,000 |
RED CABOOSE PURPOSE: TO SUPPORT ORGANIZATION | $50,000 |
JDRF TID FUND LLC PURPOSE: DONATION | $50,000 |
Madison, WI PURPOSE: DONATION | $50,000 |
UWF ECON PROFESSORSHIP PURPOSE: TO SUPPORT ORGANIZATION | $50,000 |
WISCONSINS GREENFIRE PURPOSE: DONATION | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |