Lannan Foundation
- Assets
- $115.1m
- Revenue
- $6.7m
- Investments
- $56.5m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 36-6062451
Organization Overview
Lannan Foundation is located in Santa Fe, NM. The organization was established in 1997. 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. Lannan 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 12/2023, Lannan Foundation generated $6.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $15.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lannan Foundation has awarded 696 individual grants totaling $59,864,169. 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
SEE STATEMENT 17
SEE STATEMENT 18
SEE STATEMENT 19
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence P Lannan Jr President, Treasurer | 40 | $264,500 | |
David L Ungerleider Vice President | 5 | $0 | |
Frank C Lawler Vice President, Secretary | 50 | $264,500 | |
Mary M Plauche Director, Asst Secy, Asst | 5 | $35,000 | |
Penn Szittya Director | 7.5 | $45,000 | |
Karen Hetherington Director | 10 | $45,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Astilli Inc | 12/30/23 | $118,226 |
Tech- Niche | 12/30/23 | $121,267 |
Cna Insurance | 12/30/23 | $81,344 |
First Pacific Advisors Inc | 12/30/23 | $104,256 |
Mayer Brown Llp | 12/30/23 | $69,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500 |
| Interest on Savings | $749 |
| Dividends & Interest | $4,341,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,391,333 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,734,286 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $988,500 |
| Other employee salaries and wages | $748,909 |
| Pension plans, employee benefits | $382,125 |
| Interest | $0 |
| Taxes | $148,184 |
| Depreciation | $130,164 |
| Occupancy | $188,776 |
| Travel, conferences, and meetings | $159,241 |
| Printing and publications | $25,908 |
| Other expenses | $943,969 |
| Total operating and administrative expenses | $4,112,107 |
| Contributions, gifts, grants paid | $11,781,275 |
| Total expenses and disbursements | $15,893,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $582 |
| Savings and temporary cash investments | $50,310,212 |
| 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 | $52,092 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,068,582 |
| Net Land, buildings, and equipment | $1,564,631 |
| Other assets | $6,623,554 |
| Total assets | $115,085,829 |
| Accounts payable and accrued expenses | $76,276 |
| Grants payable | $818,500 |
| 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 | $894,776 |
Grants Awarded
Over the last fiscal year, Lannan Foundation has awarded $12,590,775 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
AHA PUNANA LEO HALE KIPA O'IWI PURPOSE: GENERAL SUPPORT | $500,000 |
ACLU OF NEW MEXICO FOUNDATION PURPOSE: NM LEGAL PROGRAM | $500,000 |
18 REASONS PURPOSE: GENERAL SUPPORT | $200 |
AMERICAN BIRD CONSERVANCY PURPOSE: GENERAL SUPPORT | $4,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION PURPOSE: GENERAL SUPPORT | $3,500 |
AMERICAN FRIENDS SERVICE COMMITTEE PURPOSE: GENERAL SUPPORT | $10,500 |