Lou & Lillian Padolf Foundation
- Assets
- $844.6k
- Revenue
- $43.1k
- Investments
- $824.7k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 05/1967
- Data as of
- 12/2022
- EIN
- 59-6190737
Organization Overview
Lou & Lillian Padolf Foundation is located in Birmingham, AL. The organization was established in 1967. 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. Lou & Lillian Padolf 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, Lou & Lillian Padolf Foundation generated $43.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $67.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lou & Lillian Padolf Foundation has awarded 27 individual grants totaling $133,000. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,831 |
| Capital Gain Net Income | $21,831 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,579 |
| Total Revenue | $43,082 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,118 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,097 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $67,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,871 |
| 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 | $824,701 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $844,572 |
| 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, Lou & Lillian Padolf Foundation has awarded $50,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH FLORIDA PURPOSE: SCHOLARSHIPS | $14,000 |
TALLAHASSEE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $2,000 |
UNIVERSITY OF FLORIDA PURPOSE: SCHOLARSHIPS | $6,000 |
FLORIDA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $14,000 |
UNIVERSITY OF MIAMI PURPOSE: SCHOLARSHIPS | $2,000 |
POLYTECHNIC UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,000 |