Labcorp Charitable Foundation
- Assets
- $20.8m
- Revenue
- $448.7k
- Investments
- $19.4m
- Employees
- 0
- Location
- Burlington, NC
- Founding
- 08/2003
- Data as of
- 12/2023
- EIN
- 81-0587320
Organization Overview
Labcorp Charitable Foundation is located in Burlington, NC. The organization was established in 2003. 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. Labcorp Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Labcorp Charitable Foundation has awarded 899 individual grants totaling $5,312,320. 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 |
|---|---|---|---|
Sandra D Van Der Vaart President & Secretary | 1 | $0 | |
Glenn Eisenberg Vice President & Treasurer | 1 | $0 | |
Brenda Wagner Director | 1 | $0 | |
Thomas Kremer Director | 1 | $0 | |
Sara Pieper Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $451,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,185 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $448,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,082 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $208,833 |
| Total operating and administrative expenses | $245,149 |
| Contributions, gifts, grants paid | $1,995,691 |
| Total expenses and disbursements | $2,240,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $538,271 |
| Savings and temporary cash investments | $837,144 |
| 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 | $19,421,806 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,797,221 |
| 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, Labcorp Charitable Foundation has awarded $1,995,691 in support to 313 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESSIA HEALTH PURPOSE: PROGRAM PROVIDING TRANSLATION SERVICES FOR PATIENTS AND CAREGIVERS | $20,000 |
4 QUARTERS BASKETBALL PURPOSE: PROGRAM SUPPORTING LIFE SKILLS INCLUDING ACADEMIC PREPARATION, NUTRITION, AND CAREER EXPOSURE | $1,000 |
AFRICAN AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL SUPPORT | $95 |
ALAMANCE CHILDREN'S THEATRE PURPOSE: GENERAL SUPPORT | $2,000 |
AIDS SERVICES FOUNDATION ORANGE COUNTY PURPOSE: GENERAL SUPPORT | $10,000 |
ALAMANCE COMMUNITY COLLEGE FOUNDATION PURPOSE: GENERAL SUPPORT | $1,050 |