Lachman Family Foundation Inc
- Assets
- $13.1m
- Revenue
- $1.1m
- Investments
- $12.4m
- Employees
- 0
- Location
- White Plains, NY
- Founding
- 01/2003
- Data as of
- 12/2019
- EIN
- 32-0033014
Organization Overview
Lachman Family Foundation Inc is located in White Plains, NY. The organization was established in 2003. 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.
For the year ending 12/2019, Lachman Family Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $335.7k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lachman Family Foundation Inc has awarded 44 individual grants totaling $2,970,870. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Lachman Vp/dir | 0.5 | $0 | |
Joan Lachman Vp/sec/dir | 0.5 | $0 | |
David B Petshaft Vp/dir | 0.5 | $0 | |
Julie Lachman Vp/dir | 0.5 | $0 | |
Leon Lachman Pres/treas/dir | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $600,000 |
| Interest on Savings | $54,300 |
| Dividends & Interest | $413,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,901 |
| Capital Gain Net Income | $29,377 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,098,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,789 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $123,630 |
| Total operating and administrative expenses | $233,541 |
| Contributions, gifts, grants paid | $102,200 |
| Total expenses and disbursements | $335,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $633,446 |
| 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 | $6,495,814 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $13,074,084 |
| 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, Lachman Family Foundation Inc has awarded $102,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE COMM COLLEGE PURPOSE: TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR STUDENTS. | $50,000 |
La Jolla, CA PURPOSE: TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR STUDENTS. | $25,000 |
WORLD JEWISH CONGRESS PURPOSE: TO PROMOTE JEWISH RIGHTS IN AMERICA AS WELL AS STRENGTHEN THE TIES BETWEEN THE UNITED STATES AND ISRAEL WITH BOTH TRADITIONAL AND CURRENT PROBLEMS. | $11,000 |
INTERNATIONAL LEADERSHIP COUNCIL PURPOSE: SUPPORT EFFORTS OF GOVERNMENTS AND WORLD BODIES ADDRESSING VITAL ISSUES OF ANTISEMITISM AND TERRORIST VIOLENCE. | $10,000 |
SCRIPPS HEALTH FOUNDATION PURPOSE: TO SUPPORT MEDICAL RESEARCH PROGRAMS. | $5,000 |
ZOOLOGICAL SOCIETY OF SAN DIEGO PURPOSE: TO PROTECT WILDLIFE FROM EXTINCTION. | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Klarman Family Foundation Boston, MA | $688,091,719 | $95,381,386 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,301,695,078 | $41,033,339 |
Zoom Foundation Greenwich, CT | $0 | $173,014,876 |
The Morningside Foundation Newton Centre, MA | $36,165,780 | $65,263,834 |
Fidelity Foundation Boston, MA | $1,395,251,709 | $290,379,423 |
Big East Conference Inc New York, NY | $20,673,347 | $58,700,234 |
Peter G Peterson Foundation New York, NY | $0 | $10,858,758 |
Prudential Foundation Inc Newark, NJ | $0 | $15,805,071 |
Cohen Veterans Network Inc Stamford, CT | $24,139,054 | $38,938,718 |
David Tepper Charitable Foundation Inc Livingston, NJ | $603,593,894 | $11,057,620 |
Highland Street Connection Newton, MA | $73,686,005 | $7,213,732 |
Bristol-Myers Squibb Foundation Inc New York, NY | $116,747,456 | $59,283,545 |