Loon Point Foundation
- Assets
- $43.2m
- Revenue
- $1.1m
- Investments
- $35.3m
- Employees
- 0
- Location
- Darien, CT
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-0684611
Organization Overview
Loon Point Foundation is located in Darien, CT. The organization was established in 2016. 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. Loon Point 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, Loon Point Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Loon Point Foundation has awarded 71 individual grants totaling $8,986,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Robert Dahl Trustee | 1 | $0 | |
Leslie A Dahl Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $70,118 |
| Dividends & Interest | $1,005,617 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,609,038 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $120,435 |
| Total Revenue | $1,087,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,897 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $319,417 |
| Total operating and administrative expenses | $366,814 |
| Contributions, gifts, grants paid | $3,275,000 |
| Total expenses and disbursements | $3,641,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,850,590 |
| Savings and temporary cash investments | $0 |
| 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 | $35,321,200 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,171,790 |
| 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, Loon Point Foundation has awarded $3,275,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD BUSINESS SCHOOL PURPOSE: SUPPORT OF UNIVERSITY PROGRAMS | $100,000 |
BROWN UNIVERSITY PURPOSE: SUPPORT OF UNIVERSITY PROGRAMS | $125,000 |
DARTMOUTH COLLEGE PURPOSE: SUPPORT OF COLLEGE PROGRAMS | $1,100,000 |
MIDDLEBURY COLLEGE PURPOSE: SUPPORT OF COLLEGE PROGRAMS | $1,000,000 |
CANCER RESEARCH INSTITUTE PURPOSE: SUPPORT OF CANCER RESEARCH | $100,000 |
VANGUARD CHARITABLE FUND PURPOSE: ALLOCATE FUNDS TO QUALIFIED CHARITIES | $150,000 |