Board Of Trustees Of Libby-Dufour Fund
- Assets
- $6.8m
- Revenue
- $196.2k
- Investments
- $5.8m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/1953
- Data as of
- 12/2022
- EIN
- 72-6027406
Organization Overview
Board Of Trustees Of Libby-Dufour Fund is located in New Orleans, LA. The organization was established in 1953. 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. Board Of Trustees Of Libby-Dufour Fund 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, Board Of Trustees Of Libby-Dufour Fund generated $196.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $435.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Board Of Trustees Of Libby-Dufour Fund has awarded 27 individual grants totaling $790,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Cleland Powell III President | 0 | $0 | |
James Kock Trustee | 0 | $0 | |
Harry B Kelleher Jr Secretary | 0 | $0 | |
Bryan Fitzpatrick Trustee | 0 | $0 | |
Denis H Mcdonald Vice President | 0 | $0 | |
J Story Charbonnet Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $199,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,428 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $538 |
| Total Revenue | $196,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $5,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74 |
| Total operating and administrative expenses | $55,520 |
| Contributions, gifts, grants paid | $380,000 |
| Total expenses and disbursements | $435,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $1,058,608 |
| 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 | $1,028,992 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,829,886 |
| 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, Board Of Trustees Of Libby-Dufour Fund has awarded $380,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
TULANE GREENWAVE CLUB PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $100,000 |
New Orleans, LA PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $95,000 |
HYPERBARIC INSTITUTE OF NEW ORLEANS PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $35,000 |
New Orleans, LA PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $25,000 |
METROPOLITAN CRIME COMMISSION PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $25,000 |
TULANE CANCER CENTER PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |