The Ludy Family Foundation
- Assets
- $1.2m
- Revenue
- $89.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 38-3211299
Organization Overview
The Ludy Family Foundation is located in Newport Beach, CA. The organization was established in 1995. 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. Ludy Family 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 12/2022, Ludy Family Foundation generated $89.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $101.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Ludy Family Foundation has awarded 17 individual grants totaling $268,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest G Ludy Pres/sec/treas | 5 | $0 | |
Benjamin Ludy Director | 1 | $0 | |
Jason Ludy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,036 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,393 |
| Capital Gain Net Income | $57,393 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $248 |
| Total Revenue | $89,677 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $289 |
| Total operating and administrative expenses | $17,930 |
| Contributions, gifts, grants paid | $84,000 |
| Total expenses and disbursements | $101,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,109 |
| Savings and temporary cash investments | $176,498 |
| 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 | $1,038,244 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,220,851 |
| 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, The Ludy Family Foundation has awarded $84,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LELAND STANFORD JUNIOR UNIVERSITY PURPOSE: SUPPORT OF THE CLINICAL EXCELLENCE RESEARCH CENTER (CERC) | $25,000 |
EASTERSEALS SOUTHERN CALIFORNIA PURPOSE: OFFER HOME AND COMMUNITY BASED SEVICES AND SUPPORT TO INDIVIDUALS AND FAMILIES LIVING WITH A DISABILITY. | $10,000 |
JESSIE REES FOUNDATION PURPOSE: PROVIDE RESOURCES FOR CHILDREN FIGHTING CANCER | $1,000 |
THE NOTHING TO LOSE FOUNDATION INC PURPOSE: PROVIDE RESOURCES FOR SCHOOLS SUCH AS COLLEGE TUITION, LAND AND BUILDING DEVELOPMENT, SPORTS CAMPS, MALNUTRITION TREATMENT, EXPANSION OF PUBLIC HEALTH PROGRAM | $20,000 |
BUSINESS SCHOOL ALLIANCE FOR HEALTH MANAGEMENT PURPOSE: FUNDING FOR BUSINESS OF HEALTH CARE JOURNAL | $12,500 |
WORLD CENTRAL KITCHEN PURPOSE: HELP FEED HUNGRY KIDS IN AMERICA | $10,500 |