Lannan Foundation
- Assets
- $172.9m
- Revenue
- $11.6m
- Investments
- $138.9m
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 11/1997
- Data as of
- 12/2021
- 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 12/2021, Lannan Foundation generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $14.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lannan Foundation has awarded 423 individual grants totaling $25,562,076. 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
SEE STATEMENT 17
SEE STATEMENT 18
SEE STATEMENT 19
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank C Lawler Vice President, Secretary | 50 | $254,500 | |
Lawrence P Lannan Jr President, Treasurer | 40 | $229,785 | |
J Patrick Lannan Vice President | 50 | $228,846 | |
Betlach Laurie Program Officer | 36 | $150,815 | |
Knopp Sarah Program Officer | 36 | $139,923 | |
Jessup Martha Program Officer | 36 | $139,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/21 | $74,555 |
Douglas Humble | 12/30/21 | $55,000 |
Astilli Inc | 12/30/21 | $96,871 |
First Pacific Advisors Inc | 12/30/21 | $496,185 |
Allianz Global Corporate & Specialty | 12/30/21 | $77,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,022 |
| Dividends & Interest | $1,327,209 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,245,349 |
| Capital Gain Net Income | $17,176,225 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,573,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $921,881 |
| Other employee salaries and wages | $862,474 |
| Pension plans, employee benefits | $361,612 |
| Interest | $0 |
| Taxes | $364,026 |
| Depreciation | $150,105 |
| Occupancy | $184,623 |
| Travel, conferences, and meetings | $25,648 |
| Printing and publications | $36,372 |
| Other expenses | $924,586 |
| Total operating and administrative expenses | $4,786,022 |
| Contributions, gifts, grants paid | $9,716,330 |
| Total expenses and disbursements | $14,502,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,545 |
| Savings and temporary cash investments | $24,871,090 |
| 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 | $116,408 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $51,177,329 |
| Net Land, buildings, and equipment | $2,584,445 |
| Other assets | $6,413,516 |
| Total assets | $172,893,423 |
| Accounts payable and accrued expenses | $1,023,918 |
| Grants payable | $2,651,500 |
| 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 | $3,675,418 |
Grants Awarded
Over the last fiscal year, Lannan Foundation has awarded $11,350,503 in support to 193 organizations.
| Grant Recipient | Amount |
|---|---|
LOS ANGELES COUNTY MUSEUM OF ART PURPOSE: CITY PROJECT - MICHAEL HEISER | $1,000,000 |
MUSEUM OF CONTEMPORARY PHOTOGRAPHY PURPOSE: FUTURE FOCUS CAMPAIGN | $500,000 |
KOMUNYAKAA YUSEF PURPOSE: LITERARY LIFETIME ACHIEVEMENT AWARD | $350,000 |
Chicago, IL PURPOSE: HAYMARKET BOOKS | $250,000 |
LEVY DEBORAH PURPOSE: LITERARY FELLOWSHIP | $250,000 |
FRIENDS OF BOSQUE DEL APACHE PURPOSE: INFRASTRUCTURE PROJECT TO REBULID THEIR WELL AND PUMPING CAPACITY | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |