Francine A Lefrak Foundation Inc
- Assets
- $14.6m
- Revenue
- $2.9m
- Investments
- $12.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 27-1752212
Organization Overview
Francine A Lefrak Foundation Inc is located in Wilmington, DE. The organization was established in 2010. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Francine A Lefrak 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 12/2023, Francine A Lefrak Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 60.4% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 43.1% per year over the past 8 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 2014, Francine A Lefrak Foundation Inc has awarded 79 individual grants totaling $8,043,259. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RWANDA DOC. PROJECT: TO FUND PRODUCTION OF A DOCUMENTARY ON THE FAWE SCHOOL TO SHOW IMPORTANCE OF JOB TRAINING/ACCESS TO EDUCATION FOR WOMEN/GIRLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Wierbicki Abrahams Dir, Sec | 60 | $112,700 | |
Blair Feldman Dir, Treas | 1 | $0 | |
Eric Friedberg Dir, VP | 1 | $0 | |
Jay Goldberg Dir | 1 | $0 | |
Stephanie Guild Dir | 1 | $0 | |
Sheila Klehm Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,637,343 |
| Interest on Savings | $52,087 |
| Dividends & Interest | $293,768 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$88,648 |
| Capital Gain Net Income | $105,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,894,550 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $112,700 |
| Other employee salaries and wages | $188,892 |
| Pension plans, employee benefits | $67,918 |
| Interest | $2 |
| Taxes | $11,669 |
| Depreciation | $0 |
| Occupancy | $6,567 |
| Travel, conferences, and meetings | $39,162 |
| Printing and publications | $0 |
| Other expenses | $25,565 |
| Total operating and administrative expenses | $567,545 |
| Contributions, gifts, grants paid | $1,577,400 |
| Total expenses and disbursements | $2,144,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,938,149 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $833,497 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,580,843 |
| Accounts payable and accrued expenses | $1,470 |
| 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 | $1,470 |
Grants Awarded
Over the last fiscal year, Francine A Lefrak Foundation Inc has awarded $1,577,400 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BARNARD COLLEGE PURPOSE: GENERAL & UNRESTRICTED | $1,000,000 |
BRIDGE2RWANDA INC PURPOSE: THE LEFRAK-FRIEDBERG SCHOLARS PROGRAM | $35,000 |
BRIDGE2RWANDA INC PURPOSE: FAWE HIGH SCHOOL STUDENTS AND SAME SKY UNIVERSITY STUDENTS SCHOLARSHIP FUND | $64,600 |
FASHION INSTITUTE OF TECHOLOGY FOUNDATION PURPOSE: EMERGENCY MICROGRANT FUND FOR STUDENTS | $800 |
FACING HISTORY AND OURSELVES PURPOSE: FACING HISTORY & OURSELVES PROGRAMS | $2,000 |
GRACE INSTITUTE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |