Loeb Charitable Foundation
- Assets
- $9.7m
- Revenue
- $133.9k
- Investments
- $9.3m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 27-1318376
Organization Overview
Loeb Charitable Foundation is located in Seattle, WA. 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. Loeb Charitable 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 12/2022, Loeb Charitable Foundation generated $133.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francine R Loeb President/director | 2 | $0 | |
Stephen B Loeb Treasurer/director | 2 | $0 | |
Donald K Loeb Vice President/director | 2 | $0 | |
Richard Loeb Director | 2 | $0 | |
Daniel M Asher Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $172,754 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$105,647 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,749 |
| Total Revenue | $133,856 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,605 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $171 |
| Total operating and administrative expenses | $77,877 |
| Contributions, gifts, grants paid | $1,093,417 |
| Total expenses and disbursements | $1,171,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $387,129 |
| 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 | $7,643 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,949,850 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,537 |
| Total assets | $9,688,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $395,000 |
| 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 | $395,000 |
Grants Awarded
Over the last fiscal year, Loeb Charitable Foundation has awarded $225,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HEBREW FREE LOAN ASSOCIATION PURPOSE: TO PROVIDE SUPPORT FOR CAMPERSHIPS | $25,000 |
CLAREMONT COLLEGES HILLEL COUNCIL PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $100,000 |
AMARA PURPOSE: TO PROVIDE SUPPORT FOR FAMILY FOSTERING FAMILY PGM | $100,000 |