Lendingtree Foundation
- Assets
- $2.5m
- Revenue
- $12.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 32-0543562
Organization Overview
Lendingtree Foundation is located in Charlotte, NC. The organization was established in 2018. 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. Lendingtree Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Lendingtree Foundation has awarded 27 individual grants totaling $3,518,408. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LENDINGTREE FOUNDATION IS ORGANIZED TO PROVIDE, OR HELP TO PROVIDE, OPPORTUNITIES FOR THE ADVANCEMENT OF FINANCIAL EDUCATION FOR INDIVIDUALS, BUSINESSES AND COMMUNITIES, TO MAKE GRANTS TO ORGANIZATIONS DESCRIBED IN CODE SECTION 501(C)(3), AND PURSUE ANY OTHER PERMITTED CHARITABLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Young Director | 0.25 | $0 | |
Carla Shumate Treasurer/director | 0.25 | $0 | |
April Whitlock Director | 0.25 | $0 | |
Doug Lebda Chairman/director | 0.25 | $0 | |
Jill Olmstead Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,300 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,739 |
| Total Revenue | $12,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $175,216 |
| Total operating and administrative expenses | $308,265 |
| Contributions, gifts, grants paid | $2,178,408 |
| Total expenses and disbursements | $2,486,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,352,881 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,167,311 |
| Total assets | $2,520,192 |
| 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, Lendingtree Foundation has awarded $2,178,408 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: SUPPORT | $250,000 |
Charlotte, NC PURPOSE: SUPPORT | $250,000 |
LOCAL INITIATIVES SUPPORT CORPORATION PURPOSE: SUPPORT | $225,000 |
Charlotte, NC PURPOSE: SUPPORT | $125,000 |
CHARLOTTE RESCUE MISSION PURPOSE: SUPPORT | $125,000 |
THE RELATIVES INC PURPOSE: SUPPORT | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |