The Luzerne Foundation

Organization Overview

The Luzerne Foundation is located in Wilkesbarre, PA. The organization was established in 1994. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Luzerne Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luzerne 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, Luzerne Foundation generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.0%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (21.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Luzerne Foundation has awarded 1,013 individual grants totaling $80,742,178. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RAISES CONTRIBUTIONS FROM THE COMMUNITY TO SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LUZERNE FOUNDATION IS A COMMUNITY FOUNDATION SERVING THE NEEDS OF INDIVIDUALS AND ORGANIZATIONS WITHIN LUZERNE COUNTY, PENNSYLVANIA. AS A COMMUNITY FOUNDATION WE PROMOTE PHILANTHROPY AND SERVE AS STEWARDS OF THE RESOURCES OUR DONORS INVEST THROUGH US TO SUPPORT THE COMMUNITY PROGRAMS WHICH THEY FUND. OUR GOAL IS TO DEVELOP AND MANAGE FUNDS THROUGH PHILANTHROPIC SUPPORT BY AREA DONORS THAT MEET EMERGING COMMUNITY NEEDS AND WILL CONTINUE TO ADDRESS THOSE NEEDS THROUGH FUTURE GENERATIONS.THE LUZERNE FOUNDATION'S MISSION IS TO WORK TO ENHANCE THE LIVES OF LUZERNE COUNTY RESIDENTS BY EVALUATING AND ADDRESSING COMMUNITY NEEDS THROUGH STRATEGIC GRANTMAKING, PROMOTING RESPONSIBLE PHILANTHROPY, AND CONNECTING DONORS TO CAUSES THAT MATTER TO THEM.TO FULFILL OUR MISSION WE WILL... ENCOURAGE DONORS TO MAKE EFFECTIVE CHARITABLE DECISIONS THROUGH OUR DONOR-CENTRIC APPROACH TO PHILANTHROPY.GROW THE FOUNDATION'S UNRESTRICTED ASSETS TO PROVIDE FOR DIVERSE COMMUNITY NEEDS FOR GENERATIONS TO COME.LISTEN TO THE NEEDS OF OUR DONORS, NONPROFITS, AND OUR COMMUNITY AS A WHOLE.COLLABORATE TO SUPPORT CREATIVE SOLUTIONS TO BUILD CAPACITY IN OUR NONPROFITS AND WORK CLOSELY WITH PROFESSIONAL ADVISORS, OTHER NONPROFITS, AND COMMUNITY LEADERSUPPORTING KEY COMMUNITY AREASTHROUGH AN INCLUSIVE STRATEGIC INITIATIVE, WE IDENTIFIED SEVEN SPECIFIC AREAS OF SUPPORT THAT OUR COMMUNITY FOUNDATION IS FOCUSED ON TO MEET AND IMPROVE OUR MISSION OF ENSURING A HEALTHY AND SUSTAINABLE COMMUNITY. THOSE SEVEN KEY AREAS OF CONCENTRATION INCLUDE: SOCIAL SERVICES, EDUCATION AND SCHOLARSHIPS, ARTS AND CULTURE, NEIGHBORHOODS AND COMMUNITY DEVELOPMENT, YOUTH ISSUES, HISTORIC PRESERVATION AND THE ENVIRONMENT, AND HEALTH AND WELLNESS. WE ACCOMPLISH THIS MISSION BY ASSISTING DONORS OF ALL SIZES TO CREATE AND ENDOW VARIOUS TYPES OF FUNDS. THESE FUND TYPES INCLUDE: UNRESTRICTED, DONOR-ADVISED, FIELD OF INTEREST, DESIGNATED, SCHOLARSHIP, AS WELL AS ORGANIZATIONAL ENDOWMENTS. BY WORKING WITH INDIVIDUALS, FAMILIES, COMPANIES, NONPROFITS, PROFESSIONAL ADVISORS AND OTHER FOUNDATIONS, WE CONVEY INFORMATION ABOUT EXISTING FUNDS AND LOCAL NONPROFITS AND PROVIDE OPTIONS FOR DONORS TO PHILANTHROPICALLY MEET THEIR CHARITABLE GIVING GOALS.SCHEDULE I LISTS GRANTS AWARDED DURING THE CURRENT YEAR. EDUCATION AND RESOURCESWE BELIEVE EDUCATION IS A KEY TO GROW PHILANTHROPY IN OUR COMMUNITIES AND CONTINUED SUPPORT OF OUR COMMUNITY FOUNDATION. WE PROVIDE EDUCATIONAL SEMINARS TO ASSIST CURRENT AND POTENTIAL DONORS IN UNDERSTANDING AND APPLYING THE BENEFITS OF DONATING THROUGH OUR ORGANIZATION AND TO ASSIST THEM IN MATCHING THEIR INTERESTS TO THE NEEDS OF OUR COMMUNITY. WE CONVEY THE LATEST AND MOST IMPORTANT INFORMATION ABOUT TRENDS AND LEGISLATION, FREE OF CHARGE TO INTERESTED INDIVIDUALS AND ORGANIZATIONS. THROUGH OUR COLLABORATION WITH THE NONPROFIT & COMMUNITY ASSISTANCE CENTER (NCAC) AND THE NORTHEASTERN PENNSYLVANIA CHAPTER OF THE ASSOCIATION OF FUNDRAISING PROFESSIONALS (AFP) WE HAVE ACCESS TO AND PROVIDE DISSEMINATION OF THE RECOMMENDATIONS AND BEST PRACTICES ON THE INDUSTRY.ADDITIONALLY, WE HAVE A KNOWLEDGEABLE AND PROFESSIONAL STAFF WHO ARE ABLE AND WILLING TO PROVIDE PHILANTHROPIC ASSISTANCE AND GUIDANCE TO INDIVIDUALS AND ORGANIZATIONS IN OUR AREA. THE STAFF'S LONG TENURE AND TRAINING ALONG WITH THE REGIONAL AND NATIONAL RESOURCES AVAILABLE TO THEM ENSURE THAT THE MOST EFFECTIVE INFORMATION IS AT HAND.CONVERSATIONS AND COLLABORATIONSA KEY ELEMENT TO ACCOMPLISH THE MISSION OF THE LUZERNE FOUNDATION IS COLLABORATION TO SUPPORT CREATIVE SOLUTIONS TO BUILD CAPACITY IN OUR NONPROFITS AND WORK CLOSELY WITH PROFESSIONAL ADVISORS, OTHER NONPROFITS, AND COMMUNITY LEADERS. OUR FOUNDATION HAS A PROUD HISTORY OF FUNCTIONING AS A CATALYST TO CONVENE DIVERSE GROUPS IN IDENTIFYING AND MEETING COMMUNITY NEEDS THROUGH DIRECTED GIVING. OUR FOCUS ON ENCOURAGING DONORS TO MAKE EFFECTIVE CHARITABLE DECISIONS THROUGH OUR DONOR-CENTRIC APPROACH TO PHILANTHROPY COMBINED WITH OUR ABILITY TO LISTEN TO THE NEEDS OF DONORS, NONPROFITS AND COMMUNITY LEADERS AND SUPPORTERS LEVERAGES THOSE CONVERSATIONS AND PARTNERSHIPS FOR COMMUNITY BETTERMENT.HERE FOR GOOD WE ARE "HERE FOR GOOD." THE LUZERNE FOUNDATION, ESTABLISHED IN 1994, HELPS PEOPLE CREATE FUNDS TO DO GOOD FOR TODAY AND GOOD THAT LASTS FOR TOMORROW. THE LUZERNE FOUNDATION MANAGES OVER 360 FUNDS OF WHICH NO TWO ARE EXACTLY ALIKE. THE FOUNDATION DISTRIBUTED MORE THAN $172 M IN GRANTS SINCE ITS INCEPTION TO MEET COMMUNITY CHALLENGES LOCALLY AND GLOBALLY. WITH OVER $50 MILLION IN ASSETS, THE FOUNDATION IS A POSITIVE FORCE FOR GOOD IN OUR COMMUNITIES. WE MAKE IT EASY FOR DONORS TO FIND INFORMATION ABOUT LOCAL NONPROFITS THAT ALIGN WITH CHARITABLE GIVING GOALS, AND SUPPLY INFORMATION ABOUT STARTING THEIR OWN FUND WITHIN THE FOUNDATION.WE ARE HERE FOR GOOD TO GROW THE FOUNDATION'S UNRESTRICTED ASSETS TO PROVIDE FOR DIVERSE COMMUNITY NEEDS FOR GENERATIONS TO COME.


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Board, Officers & Key Employees

Name (title)Compensation
Charles M Barber
President And CEO (ret. 6/30/21)
$138,009
C David Pedri
President And CEO (began 9/1/21)
$52,673
Robert Korjeski
Chief Financial Officer
$8,000
John Dowd
Chairman
$0
Tara Wilson
Vice Chairman
$0
Robert Gill
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$85,890
Related organizations$0
Government grants $63,299
All other contributions, gifts, grants, and similar amounts not included above$3,403,322
Noncash contributions included in lines 1a–1f $296,606
Total Revenue from Contributions, Gifts, Grants & Similar$3,552,511
Total Program Service Revenue$0
Investment income $701,531
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $625,173
Net Income from Fundraising Events -$15,771
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,874,447

Grants Awarded

Over the last fiscal year, The Luzerne Foundation has awarded $1,995,887 in support to 79 organizations.

Grant RecipientAmount

MISERICORDIA UNIVERSITY

Org PageRecipient Profile

Dallas, PA

PURPOSE: SCHOLARSHIPS, PROGRAM SUPPORT, ANNUAL DISTRIBUTIONS, EQUIPMENT

$158,305

PATRIOTS COVE OF HUNTS FOR HEALING

Org PageRecipient Profile

Wilkesbarre, PA

PURPOSE: PROGRAM SUPPORT

$156,048

ST LUKE'S UNIVERSITY HEALTH NETWORK

Org PageRecipient Profile

Allentown, PA

PURPOSE: PROGRAM SUPPORT

$148,845

GEISINGER COMMONWEALTH SCHOOL OF MEDICINE

PURPOSE: SCHOLARSHIP AWARDS, MATCHING GIFT, GALA AND GOLF TOURNAMENT

$141,718

MMI PREPARATORY SCHOOL

Org PageRecipient Profile

Freeland, PA

PURPOSE: EDUCATIONAL ENHANCEMENTS; PROGRAM SUPPORT

$112,533

VERNON BAPTIST CHURCH

PURPOSE: PROGRAM SUPPORT

$101,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that The Luzerne Foundation has recieved totaling $649,134.

Awarding OrganizationAmount
Allone Foundation

Wilkesbarre, PA

PURPOSE: IMPROVE HEALTH AND WELLNESS OF PEOPLE IN NORTHEASTERN AND NORTH CENTRAL PA

$262,000
The Luzerne Foundation

Wilkesbarre, PA

PURPOSE: PROGRAM SUPPORT

$156,048
Allone Charities

Wilkesbarre, PA

PURPOSE: GENERAL USE OF THE ORGANIZATION

$100,000
$48,000
The Luzerne Foundation

Wilkesbarre, PA

PURPOSE: MILES FOR MICHAEL TRAVEL PROJECT, BOOK SCHOLARSHIPS, STEM EQUIPMENT PURCHASES

$35,367
The Luzerne Foundation

Wilkesbarre, PA

PURPOSE: PROGRAM SUPPORT

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$42,909,958
Earnings$6,379,254
Admin Expense$574,394
Net Contributions$1,764,555
Grants$1,841,643
Ending Balance$48,637,730

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