Crimson Lion Foundation
- Assets
- $63.8m
- Revenue
- $10.8m
- Investments
- $60.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2010
- Data as of
- 12/2021
- EIN
- 26-1388142
Organization Overview
Crimson Lion Foundation is located in Boston, MA. The organization was established in 2010. 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. Crimson Lion 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, Crimson Lion Foundation generated $10.8m 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 (3.9%) each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Crimson Lion Foundation has awarded 54 individual grants totaling $74,728,278. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeanne B Lavine Trustee | 0 | $0 | |
Jonathan S Lavine Trustee | 0 | $0 | |
Jacqueline R Mccoy Trustee | 0 | $0 | |
Kathleen Mcdonough Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust | 12/30/21 | $247,849 |
Exponential Advisory | 12/30/21 | $61,514 |
Holland & Knight Llp | 12/30/21 | $53,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $169,778 |
| Dividends & Interest | $1,191,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,348,200 |
| Capital Gain Net Income | $10,348,200 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$920,291 |
| Total Revenue | $10,788,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96,992 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $472,347 |
| Contributions, gifts, grants paid | $11,311,111 |
| Total expenses and disbursements | $11,783,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,405,395 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $16 |
| 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 | $21,760,981 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $63,778,253 |
| 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, Crimson Lion Foundation has awarded $11,311,111 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $2,236,111 |
COMBINED JEWISH PHILANTHROPY PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $1,800,000 |
New York, NY PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $1,600,000 |
HARVARD TH CHAN SCHOOLS OF PUBLIC HEALTH PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $1,100,000 |
HARVARD UNIVERSITY ARTS & SCIENCES PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $1,100,000 |
CHILDREN'S HOSPITAL TRUST PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |
Howard Gilman Foundation Inc New York, NY | $600,733,170 | $27,754,418 |