Learning By Giving Foundation Inc
- Assets
- $636.5k
- Revenue
- $187.1k
- Investments
- $94.9k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 45-2324555
Organization Overview
Learning By Giving Foundation Inc is located in Boston, MA. The organization was established in 2011. 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. Learning By Giving Foundation Inc 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, Learning By Giving Foundation Inc generated $187.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $481.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Learning By Giving Foundation Inc has awarded 249 individual grants totaling $1,961,305. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVING - FOUNDED BY DORIS BUFFETT, LEARNING BY GIVING INSPIRES AND EDUCATES A NEW GENERATION OF PHILANTHROPISTS AND COMMUNITY LEADERS TO EFFECTIVELY DISTRIBUTE CAPITAL TO LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Rozek President | 10 | $0 | |
Howard Buffet Director | 1 | $0 | |
Nora Silver Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Non Profit Capital Mgmt | 6/29/19 | $6,153 |
Beantown Financial Advisor | 6/29/19 | $6,200 |
Mindbox Studios Inc | 6/29/19 | $123,510 |
Sarah Kruger | 6/29/19 | $20,000 |
Hemenway & Barnes Llp | 6/29/19 | $22,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,089 |
| Interest on Savings | $19 |
| Dividends & Interest | $640 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $141,633 |
| Capital Gain Net Income | $141,633 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $754 |
| Total Revenue | $187,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $12,948 |
| Taxes | $35,123 |
| Depreciation | $8,870 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,425 |
| Total operating and administrative expenses | $298,515 |
| Contributions, gifts, grants paid | $183,399 |
| Total expenses and disbursements | $481,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,931 |
| 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 | $157,026 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $276,649 |
| Total assets | $636,506 |
| 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, Learning By Giving Foundation Inc has awarded $183,399 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ARTIVISM PURPOSE: GENERAL SUPPORT | $4,000 |
BEAUBOURG THEATRE PURPOSE: GENERAL SUPPORT | $6,000 |
BINGHAMTON UNIVERSITY FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
BLUE RIDGE CASA PURPOSE: GENERAL SUPPORT | $3,500 |
FREE BIKES 4 KIDZ DETROIT PURPOSE: GENERAL SUPPORT | $5,000 |
GEORGETOWN UNIVERSITY PURPOSE: GENERAL SUPPORT | $5,000 |