L A W Foundation Inc
- Assets
- $228.4m
- Revenue
- $15.3m
- Investments
- $225.0m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 22-3074635
Organization Overview
L A W Foundation Inc is located in Short Hills, NJ. The organization was established in 1991. 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. L A W 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 12/2023, L A W Foundation Inc generated $15.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $12.9m during the year ending 12/2023. While expenses have increased by 8.1% per year over the past 9 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 2014, L A W Foundation Inc has awarded 931 individual grants totaling $91,206,681. 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 |
|---|---|---|---|
Leonard Wilf Chairman, President & Trustee | 0.25 | $0 | |
Orin Wilf Vice President & Trustee | 0.25 | $0 | |
Beth Wilf Treasurer, Secretary & Trustee | 0.25 | $0 | |
Zygmunt Wilf Trustee | 0.25 | $0 | |
Halle Wilf Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,367,684 |
| Interest on Savings | $81,313 |
| Dividends & Interest | $6,174,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,339,447 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,945 |
| Total Revenue | $15,306,857 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $635,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $509 |
| Total operating and administrative expenses | $1,087,408 |
| Contributions, gifts, grants paid | $11,857,784 |
| Total expenses and disbursements | $12,945,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,444,475 |
| 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 | $62,816,837 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $228,436,477 |
| 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, L A W Foundation Inc has awarded $11,857,784 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: GENERAL SUPPORT | $10,000 |
ALLEN-STEVENSON SCHOOL PURPOSE: ANNUAL SUPPORT | $25,000 |
AMERICAN COMMITTEE FOR SHAARE ZEDEK PURPOSE: CAPITAL SUPPORT | $200,000 |
AMERICAN FRIENDS OF MDA PURPOSE: CAPITAL SUPPORT | $200,000 |
AMERICAN FRIENDS OF MDA PURPOSE: PROGRAM SUPPRT | $100,000 |
AMERICAN FRIENDS OF THE ISRAEL PHILHARMONIC ORCHESTRA PURPOSE: PROGRAM SUPPORT | $50,000 |