L & H Foundation
- Assets
- $984.3k
- Revenue
- $78.5k
- Investments
- $860.7k
- Employees
- 0
- Location
- Portland, OR
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 38-3348542
Organization Overview
L & H Foundation is located in Portland, OR. The organization was established in 1997. 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. L & H 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, L & H Foundation generated $78.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $85.1k during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, L & H Foundation has awarded 194 individual grants totaling $386,928. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holley R Shepard President, Trustee | 5 | $0 | |
Lisa C Holley V Pres, Tres, Trustee | 3 | $0 | |
Helen M Fowler Secretary, Trustee | 1 | $0 | |
Lorenzo Shepard Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $292 |
| Dividends & Interest | $33,068 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,145 |
| Capital Gain Net Income | $45,145 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,505 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $4,470 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $308 |
| Total operating and administrative expenses | $21,078 |
| Contributions, gifts, grants paid | $64,000 |
| Total expenses and disbursements | $85,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,634 |
| 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 | $305,356 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $984,297 |
| 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, L & H Foundation has awarded $64,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALTURAS INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
APPELO ARCHIVES MUSEUM PURPOSE: GENERAL OPERATING SUPPORT | $100 |
ARBOR SCHOOL OF ARTS AND SCIENCES PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
ARGYROS PERFORMING ARTS CENTER PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
COMMUNITY LIBRARY - BOOKS OF WHEELS PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BASIC RIGHTS OREGON PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |