Learning By Giving Foundation Inc
- Assets
- $3.4m
- Revenue
- $480.7k
- Investments
- $2.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2011
- Data as of
- 12/2021
- 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 12/2021, Learning By Giving Foundation Inc generated $480.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $520.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Learning By Giving Foundation Inc has awarded 315 individual grants totaling $2,582,914. 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Buffet Director | 1 | $0 | |
Alex Rozek President | 10 | $0 | |
Nora Silver Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Non Profit Capital Mgmt | 6/29/19 | $6,153 |
Hemenway & Barnes Llp | 6/29/19 | $22,419 |
Beantown Financial Advisor | 6/29/19 | $6,200 |
Sarah Kruger | 6/29/19 | $20,000 |
Mindbox Studios Inc | 6/29/19 | $123,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,266 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $450,443 |
| Capital Gain Net Income | $450,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5 |
| Total Revenue | $480,714 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $193,323 |
| Pension plans, employee benefits | $0 |
| Interest | $17,619 |
| Taxes | $19,784 |
| Depreciation | $8,870 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,868 |
| Total operating and administrative expenses | $335,522 |
| Contributions, gifts, grants paid | $184,652 |
| Total expenses and disbursements | $520,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,117 |
| 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 | $165,896 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $49,256 |
| Total assets | $3,354,224 |
| 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 | $1,410,483 |
| Total liabilities | $1,410,483 |
Grants Awarded
Over the last fiscal year, Learning By Giving Foundation Inc has awarded $184,652 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
Binghamton, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Philadelphia, PA PURPOSE: GENERAL SUPPORT | $10,000 |
REVEILLE FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
Green Bay, WI PURPOSE: GENERAL SUPPORT | $10,000 |
Bingham Farms, MI PURPOSE: GENERAL SUPPORT | $10,000 |
UC BERKELEY PURPOSE: GENERAL SUPPORTGENERAL SUPPORT | $9,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |