Board Of Trustees Of Libby-Dufour Fund
- Assets
- $7.7m
- Revenue
- $30.7k
- Investments
- $7.0m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/1953
- Data as of
- 12/2023
- 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 12/2023, Board Of Trustees Of Libby-Dufour Fund generated $30.7k 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 (33.0%) each year. All expenses for the organization totaled $317.1k during the year ending 12/2023. 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 36 individual grants totaling $1,060,300. 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
2023
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 |
|---|---|---|---|
Denis H Mcdonald Vice President | 0 | $0 | |
M Cleland Powell III President | 0 | $0 | |
Harry B Kelleher Jr Secretary | 0 | $0 | |
James Kock Trustee | 0 | $0 | |
J Story Charbonnet Trustee | 0 | $0 | |
Bryan Fitzpatrick Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $138,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$108,580 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $678 |
| Total Revenue | $30,668 |
| 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 | $0 |
| Total operating and administrative expenses | $46,780 |
| Contributions, gifts, grants paid | $270,300 |
| Total expenses and disbursements | $317,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $758,497 |
| 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 | $1,202,648 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,717,679 |
| 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 $270,300 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
WYES PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $25,000 |
BRIGHT SCHOOL PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $5,300 |
ST ANDREWS PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $25,000 |
GREATER NEW ORLEANS FOUNDATION PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $85,000 |
UNIVERSITY OF HOLY CROSS PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $35,000 |
RONALD MCDONALD HOUSE PURPOSE: TO BENEFIT EDUCATION AND CHARITABLE PURPOSES | $50,000 |