Lam Family Charitable Foundation
- Assets
- $420.0k
- Revenue
- $49.1k
- Investments
- $418.5k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 47-5627117
Organization Overview
Lam Family Charitable Foundation is located in Wilmington, DE. The organization was established in 2016. 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. Lam Family Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, Lam Family Charitable Foundation has awarded 24 individual grants totaling $115,300. 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 |
|---|---|---|---|
Jeffrey Lam VP | 1 | $0 | |
Kin Chung Lam Pres, Dir, Treas | 1 | $0 | |
Raymond Lam Sec | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $29 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,094 |
| Total Revenue | $49,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,390 |
| Total operating and administrative expenses | $4,990 |
| Contributions, gifts, grants paid | $15,200 |
| Total expenses and disbursements | $20,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,421 |
| 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 | $418,531 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $419,952 |
| 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, Lam Family Charitable Foundation has awarded $15,200 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHINATOWN MANPOWER PROJECT INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
CHINESE CHRISTIAN HERALD CRUSADES INC PURPOSE: GENERAL & UNRESTRICTED | $1,200 |
GUANGDONG ASSOCIATION OF AMERICA CORP PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
TRUE BUDDHA DIAMOND TEMPLE OF NEW YORK INC PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
WORLD CHAN BUDDHIST ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $2,000 |