The H Chase Lenfest Foundation Inc
- Assets
- $35.1m
- Revenue
- $1.5m
- Investments
- $33.6m
- Employees
- 0
- Location
- Wayne, PA
- Founding
- 05/2000
- Data as of
- 06/2022
- EIN
- 23-3031335
Organization Overview
The H Chase Lenfest Foundation Inc is located in Wayne, PA. The organization was established in 2000. 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. H Chase Lenfest 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 06/2022, H Chase Lenfest Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.2% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 5.0% per year over the past 7 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 2016, H Chase Lenfest Foundation Inc has awarded 97 individual grants totaling $11,459,885. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTRIBUTIONS ARE TO THE RECREATIONAL CENTER IN NORTH PHILADELPHIA FOR THE BENEFIT OF YOUTHS IN THE LOCAL COMMUNITY. IN ADDITION TO ATHLETIC ACTIVITIES, THE CENTER PROVIDES STUDENTS IN GRADES K-12 WITH THE OPPORTUNITY TO LEARN THE SPORT OF SQUASH AND RECEIVE INTENSIVE ACADEMIC AND LIFE-SKILLS INSTRUCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Chase Lenfest President | 0 | $0 | |
Paul Theveny Treasurer | 0 | $0 | |
Kirstin Bosch Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $59,590 |
| Dividends & Interest | $178,550 |
| Net Rental Income | -$15,078 |
| Net Gain on Sale of Assets | $1,529,968 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$260,555 |
| Total Revenue | $1,507,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,310 |
| Taxes | $24,370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,146 |
| Total operating and administrative expenses | $186,070 |
| Contributions, gifts, grants paid | $1,750,149 |
| Total expenses and disbursements | $1,936,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,966 |
| Savings and temporary cash investments | $1,474,585 |
| 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 | $3,349 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,378,826 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,671 |
| Total assets | $35,086,499 |
| Accounts payable and accrued expenses | $6,827 |
| 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 | $22,815 |
| Total liabilities | $29,642 |
Grants Awarded
Over the last fiscal year, The H Chase Lenfest Foundation Inc has awarded $1,750,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH 10 PHILADELPHIA INC PURPOSE: GENERAL SUPPORT | $1,500,000 |
CALLED TO SERV PURPOSE: COMMUNITY IMPACT CENTER | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |