Lichterman-Loewenberg Foundation
- Assets
- $4.0m
- Revenue
- $396.2k
- Investments
- $2.8m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 02/1947
- Data as of
- 12/2021
- EIN
- 62-6048265
Organization Overview
Lichterman-Loewenberg Foundation is located in Memphis, TN. The organization was established in 1947. 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. Lichterman-Loewenberg 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 12/2021, Lichterman-Loewenberg Foundation generated $396.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $323.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lichterman-Loewenberg Foundation has awarded 362 individual grants totaling $2,038,387. 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 |
|---|---|---|---|
William Ira Loewenberg Vice Preside | 1 | $0 | |
Fredrika L Felt President | 1 | $0 | |
John Lichterman Vice Preside | 1 | $0 | |
Ilene Markell Secretary | 1 | $0 | |
A Barry Lichterman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $36,384 |
| Interest on Savings | $692 |
| Dividends & Interest | $104,867 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $246,734 |
| Capital Gain Net Income | $207,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,527 |
| Total Revenue | $396,204 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,917 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,079 |
| Total operating and administrative expenses | $44,166 |
| Contributions, gifts, grants paid | $279,365 |
| Total expenses and disbursements | $323,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,124,063 |
| 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 | $1,668,856 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,958,903 |
| Accounts payable and accrued expenses | $24 |
| 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 | $24 |
Grants Awarded
Over the last fiscal year, Lichterman-Loewenberg Foundation has awarded $279,365 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
MEMPHIS JEWISH FEDERATION PURPOSE: PROGRAM RELATED | $62,500 |
MEMPHIS JEWISH COMMUNITY CENTER PURPOSE: PROGRAM RELATED | $35,000 |
Memphis, TN PURPOSE: PROGRAM RELATED | $16,665 |
MEMPHIS RIVER PARKS PARTNERSHIP PURPOSE: PROGRAM RELATED | $15,000 |
EMMANUAL CENTER PURPOSE: PROGRAM RELATED | $13,000 |
HARWOOD CENTER PURPOSE: PROGRAM RELATED | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |