Lenfest Foundation Inc
- Assets
- $0.0
- Revenue
- $561.0k
- Investments
- $16.5m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2000
- Data as of
- 06/2021
- EIN
- 23-3031350
Organization Overview
Lenfest Foundation Inc is located in Philadelphia, 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. 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 06/2021, Lenfest Foundation Inc generated $561.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (42.1%) each year. All expenses for the organization totaled $19.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lenfest Foundation Inc has awarded 273 individual grants totaling $81,234,339. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PRIVATE NON-OPERATING FOUNDATION, AND AS SUCH, ITS ONLY ACTIVITY IS TO MAKE GRANTS OR CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS, PRINCIPALLY TO PUBLIC CHARITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Somerville Executive Director | 35 | $163,897 | |
Dr Keith L Leaphart Board Chair | 1 | $0 | |
Joseph F Huber Vice Chair/treasurer | 1 | $0 | |
Grahame Richards Secretary | 2 | $0 | |
Marguerite Lenfest President | 3 | $0 | |
Jeffrey A Beachell Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $216,259 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $560,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $163,897 |
| Pension plans, employee benefits | $28,963 |
| Depreciation | $2,170 |
| Occupancy | $79,922 |
| Travel, conferences, and meetings | $2,421 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $552,496 |
| Contributions, gifts, grants paid | $18,820,179 |
| Total expenses and disbursements | $19,372,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,529,883 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,091,039 |
| Other assets | $31,910 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lenfest Foundation Inc has awarded $18,820,179 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
TEMPLE UNIVERSITY PURPOSE: PROGRAM SUPPORT | $4,530,000 |
Philadelphia, PA PURPOSE: SCHOLARSHIPS | $2,605,679 |
EDUCATION WORKS PURPOSE: SUPPORT FOR POWERCORPSPHL | $1,000,000 |
Villanova, PA PURPOSE: THE PHILADELPHIA FUTURES SCHOLARS PROGRAM | $1,000,000 |
Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $600,000 |
THE MAYOR'S FUND FOR PHILADELPHIA PURPOSE: PHL CONNECTED | $600,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lenfest Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Turnip Top Foundation Santa Fe, NM PURPOSE: SUPPORT 501C3 ORGANIZATION | $10,000 |
Ltm Family Foundation Media, PA PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Stephen A Schwarzman Education Foundation New York, NY | $9,777,313 | $26,526,711 |
King Street Charitable Tr New York, NY | $21,156,424 | $2,759,208 |