Laidir Foundation
- Assets
- $58.9m
- Revenue
- $17.8m
- Investments
- $57.3m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 47-2519767
Organization Overview
Laidir Foundation is located in Seattle, WA. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Laidir 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, Laidir Foundation generated $17.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Laidir Foundation has awarded 57 individual grants totaling $12,889,249. 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:
TO BENEFIT ORGANIZATIONS FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL OR RELIGIOUS PURPOSES. DETAIL SHOWN IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Lonergan Director, President & Trea | 5 | $0 | |
Matthew Mcbay Director, Vice President & | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,889,176 |
| Interest on Savings | $168,639 |
| Dividends & Interest | $659,077 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,105,387 |
| Capital Gain Net Income | $8,105,387 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,822,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,702 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $195,580 |
| Total operating and administrative expenses | $239,082 |
| Contributions, gifts, grants paid | $2,451,220 |
| Total expenses and disbursements | $2,690,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $951,203 |
| Savings and temporary cash investments | $671,309 |
| 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 | $7,983,066 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $58,877,744 |
| 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, Laidir Foundation has awarded $2,451,220 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
NOORA HEALTH PURPOSE: TO SUPPORT NOORA HEALTH'S WORK TO TRAIN CAREGIVERS TO IMPROVE PATIENT OUTCOMES. | $150,000 |
EFFECTIVE VENTURES FOUNDATION USA INC PURPOSE: TO SUPPORT THE EFFORTS OF 80,000 HOURS TO ADVISE PEOPLE SEEKING TO HAVE A POSITIVE SOCIAL IMPACT WITH THEIR CAREERS. | $250,000 |
FOUNDERS PLEDGE PURPOSE: TO SUPPORT FOUNDERS PLEDGE'S WORK IN INCREASE THE POSITIVE SOCIAL IMPACT OF ENTREPRENEURS. | $250,000 |
ISSUE ONE PURPOSE: TO FURTHER THE MISSION OF ISSUE ONE IN SUPPORT OF THE REBUILD CONGRESS INITIATIVE. | $250,000 |
EFFECTIVE VENTURES FOUNDATION USA INC PURPOSE: TO FURTHER THE MISSION OF CENTRE FOR EFFECTIVE ALTRUISM USA. | $300,000 |
THE LIFE YOU CAN SAVE-DEVELOPMENT MEDIA INTL PURPOSE: TO FURTHER THE MISSION OF DEVELOPMENT MEDIA INTL IN SUPPORT OF MEDIA CAMPAIGNS TO REDUCE CHILD MORTALITY. | $100,000 |