L T Murray Family Foundation
- Assets
- $7.9m
- Revenue
- $486.0k
- Investments
- $7.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 01/1972
- Data as of
- 12/2023
- EIN
- 51-0163345
Organization Overview
L T Murray Family Foundation is located in Wilmington, DE. The organization was established in 1972. 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. L T Murray Family 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, L T Murray Family Foundation generated $486.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $485.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, L T Murray Family Foundation has awarded 176 individual grants totaling $1,923,942. 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.
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 |
|---|---|---|---|
Allison Barbey Dir | 1 | $0 | |
Anita Barbey Dir | 1 | $0 | |
Amy Butson Dir | 1 | $0 | |
Gary Coover Jr Dir, Pres | 2 | $0 | |
Kelsey Hayford Dir | 1 | $0 | |
Helena B Lankton Dir, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,252 |
| Dividends & Interest | $231,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $252,299 |
| Capital Gain Net Income | $252,299 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $486,001 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,364 |
| Depreciation | $0 |
| Occupancy | $6,000 |
| Travel, conferences, and meetings | $1,025 |
| Printing and publications | $0 |
| Other expenses | $28,312 |
| Total operating and administrative expenses | $114,950 |
| Contributions, gifts, grants paid | $370,038 |
| Total expenses and disbursements | $484,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $133,428 |
| 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 | $195,366 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,944,040 |
| 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, L T Murray Family Foundation has awarded $370,038 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES WRIGHT ACADEMY PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
COLUMBIA RIVER MARITIME MUSEUM INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
COLUMBIA RIVER MARITIME MUSEUM INC PURPOSE: MARINER'S HALL FUND | $50,000 |
DEGREES OF CHANGE PURPOSE: GENERAL & UNRESTRICTED | $17,000 |
COMPREHENSIVE MENTAL HEALTH CENTER OF TACOMA PIERC PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
EAT LEARN PLAY FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $2,500 |