Givers Legacy Foundation Inc
- Assets
- $66.8m
- Revenue
- $8.0m
- Investments
- $61.0m
- Employees
- 0
- Location
- Clearwater, FL
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 59-3498416
Organization Overview
Givers Legacy Foundation Inc is located in Clearwater, FL. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Givers Legacy 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 12/2022, Givers Legacy Foundation Inc generated $8.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $9.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Givers Legacy Foundation Inc has awarded 66 individual grants totaling $55,523,969. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GIVERS LEGACY FOUNDATION, INC. IS A GLOBAL GRANTMAKING ORGANIZATION THAT SUPPORTS AND MAKES DISTRIBUTIONS TO CHARITABLE, RELIGIOUS, HUMANITARIAN, SCIENTIFIC, LITERARY, ENVIRONMENTAL AND EDUCATIONAL CAUSES INTERNATIONALLY AND DOMESTICALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVERS LEGACY FOUNDATION, INC. BOARD OF DIRECTORS AWARDED GRANTS FROM DONOR ADVISED FUNDS AND DESIGNATED FUNDS TO QUALIFIED CHARITABLE ORGANIZATIONS AND PROGRAMS.
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 |
|---|---|---|---|
Gregory L Sperry Secretary/director | OfficerTrustee | 5 | $0 |
Robert G Collins Ceo/treasurer/chairman | OfficerTrustee | 30 | $0 |
Mimi Cawood Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,030,110 |
| Noncash contributions included in lines 1a–1f | $1,294,941 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,030,110 |
| Total Program Service Revenue | $0 |
| Investment income | $563,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,630,988 |
| Net Rental Income | $57,817 |
| Net Gain/Loss on Asset Sales | -$253,709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,029,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,920,592 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,423,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,271 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $455,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $34,428 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,880,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,475,532 |
| Savings and temporary cash investments | $77,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,000 |
| Net Land, buildings, and equipment | $687,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $60,981,111 |
| Investments—program-related | $1,415,442 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $66,758,480 |
| Accounts payable and accrued expenses | $43,800 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $43,800 |
| Net assets without donor restrictions | $66,714,680 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $66,758,480 |
Grants Awarded
Over the last fiscal year, Givers Legacy Foundation Inc has awarded $7,920,592 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL GENEROSITY FOUNDATION PURPOSE: SUPPORT | $2,510,592 |
NATIONAL CHRISTIAN FOUNDATION PURPOSE: SUPPORT | $4,150,000 |
IGFT CORPORATION PURPOSE: SUPPORT | $60,000 |
THE CAWOOD FAMILY SO PURPOSE: SUPPORT | $1,200,000 |