Lakonishok Foundation
- Assets
- $7.9m
- Revenue
- $1.7m
- Investments
- $7.7m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/2013
- Data as of
- 12/2023
- EIN
- 46-3460720
Organization Overview
Lakonishok Foundation is located in Chicago, IL. The organization was established in 2013. 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. Lakonishok 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, Lakonishok Foundation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lakonishok Foundation has awarded 78 individual grants totaling $5,788,997. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $526,650 |
| Interest on Savings | $0 |
| Dividends & Interest | $478,261 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $626,420 |
| Capital Gain Net Income | $626,420 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,651 |
| Total Revenue | $1,651,982 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,903 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $10,913 |
| Contributions, gifts, grants paid | $1,754,897 |
| Total expenses and disbursements | $1,765,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $208,744 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,912,086 |
| 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, Lakonishok Foundation has awarded $1,754,897 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
JOFFREY BALLET PURPOSE: ARTS | $524,705 |
LINCOLN PARK ZOO PURPOSE: COMMUNITY | $1,000 |
OPERATION SMILE PURPOSE: MEDICAL | $2,000 |
LYRIC OPERA OF CHICAGO PURPOSE: ARTS | $250,708 |
NORTHWESTERN MEDICAL SCHOOL PURPOSE: EDUCATION | $20,350 |
HOLOCAUST MUSEUM PURPOSE: EDUCATION | $1,000 |