Lenfest Foundation Inc
- Assets
- $0.0
- Revenue
- $1.5m
- Investments
- $41.6m
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2000
- Data as of
- 06/2019
- 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.
For the year ending 06/2019, Lenfest Foundation Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (44.5%) each year. All expenses for the organization totaled $33.7m during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lenfest Foundation Inc has awarded 105 individual grants totaling $32,994,160. 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
2019
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Somerville Executive Director | 35 | $136,500 | |
Grahame Richards Secretary | 2 | $7,500 | |
Dr Keith L Leaphart Board Chair | 1 | $0 | |
Joseph F Huber Vice Chair/treasurer | 1 | $0 | |
Hf Gerry Lenfest Former Director | 5 | $0 | |
Diane Myer Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $978,691 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,477,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $136,500 |
| Pension plans, employee benefits | $39,877 |
| Depreciation | $6,665 |
| Occupancy | $71,690 |
| Travel, conferences, and meetings | $5,650 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $727,658 |
| Contributions, gifts, grants paid | $32,994,160 |
| Total expenses and disbursements | $33,721,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,273,477 |
| Investments—mortgage loans | $0 |
| Investments—other | $11,512,378 |
| Other assets | $5,058,121 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $86,219 |
Grants Awarded
Over the last fiscal year, Lenfest Foundation Inc has awarded $32,994,160 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: SUPPORT BUILDING A FACILITY TO HOUSE SAMUEL POWEL ELEMENTARY AND SCIENCE LEADERSHIP ACADEMY MIDDLE SCHOOL | $13,000,000 |
Philadelphia, PA PURPOSE: CONNECTING TALENTED WEST PHILADELPHIANS TO LIFE CHANGING JOBS: A COLLABORATIVE APPROACH | $2,000,000 |
Philadelphia, PA PURPOSE: CONNECTING TALENTED WEST PHILADELPHIANS TO LIFE CHANGING JOBS: A COLLABORATIVE APPROACH | $1,700,000 |
Philadelphia, PA PURPOSE: CENTER FOR CULTURAL PARTNERSHIPS CO-OPS | $1,000,000 |
Villanova, PA PURPOSE: THE PHILADELPHIA FUTURES SCHOLARS PROGRAM AT VILLANOVA UNIVERSITY | $1,000,000 |
Villanova, PA PURPOSE: THE PHILADELPHIA FUTURES SCHOLARS PROGRAM AT VILLANOVA UNIVERSITY | $1,000,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lenfest Foundation Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: $10,000 FOR RESEARCH ANALYSIS ARTICLE PREPARATION AND DISSEMINATION OF FINDINGS RE FINANCING THE TRUE COSTS OF SOCIAL IMPACT TRANSFORMATION AND SCALE ACROSS THE GLOBE SIGNIFICANT RESOURCES HAVE BEEN INVESTED IN ADDRESSING OUR MOST G10852 | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bessemer Giving Fund Woodbridge, NJ | $409,066,331 | $210,062,584 |
Starr Foundation New York, NY | $1,224,410,899 | $115,036,092 |
S & G Foundation albany, NY | $1,147,138,007 | $304,610,125 |
Robertson Foundation New York, NY | $0 | $6,750,182 |
Surdna Foundation Inc New York, NY | $997,976,972 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $70,221,503 | $91,386,230 |
Quantitative Foundation Philadelphia, PA | $153,731,021 | $21,465,211 |
Paul E Singer Foundation New York, NY | $0 | $7,422,166 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $584,180,972 | $20,558,970 |
Foundation For A Just Society New York, NY | $669,006,896 | $96,141,739 |
Diana Davis Spencer Foundation Bethesda, MD | $1,443,215,686 | $32,545,761 |
Davis Family Foundation Hanover, MD | $952,920,743 | $74,464,123 |