Lg Kaufman Endowment Foundation
- Assets
- $2.7m
- Revenue
- $159.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Marquette, MI
- Founding
- 09/2016
- Data as of
- 12/2022
- EIN
- 81-3218481
Organization Overview
Lg Kaufman Endowment Foundation is located in Marquette, MI. 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. Lg Kaufman Endowment 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, Lg Kaufman Endowment Foundation generated $159.0k in total revenue.
Since 2017, Lg Kaufman Endowment Foundation has awarded 122 individual grants totaling $882,331. 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 |
|---|---|---|---|
Peter Kaufman President | 0.25 | $0 | |
Kenneth J Seavoy Secretary/treasurer | 0.25 | $0 | |
Audrey Kaufman Trustee | 0.25 | $0 | |
Ann Jordan Trustee | 0.25 | $0 | |
Garrett Kaufman Trustee | 0.25 | $0 | |
Henry Bothwell III Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,308 |
| Dividends & Interest | $50,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $103,005 |
| Capital Gain Net Income | $103,005 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $158,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,596 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $753 |
| Printing and publications | $0 |
| Other expenses | $1,175 |
| Total operating and administrative expenses | $20,996 |
| Contributions, gifts, grants paid | $165,500 |
| Total expenses and disbursements | $186,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $405,266 |
| 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 | $154,642 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,738 |
| Total assets | $2,654,965 |
| 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, Lg Kaufman Endowment Foundation has awarded $165,500 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BAY CLIFF HEALTH CAMP PURPOSE: CHILDRENS CAMP THERAPY SESSIONS | $9,000 |
CITY OF MARQUETTE POLICE DEPARTMENT PURPOSE: TWO POLICE LIASON OFFICERS | $20,000 |
COMMUNITY FOUNDATION OF MARQUETTE COUNTY PURPOSE: PLAYGROUND FOR ALL | $20,000 |
COMMUNITY FOUNDATION OF MARQUETTE COUNTY PURPOSE: PLAYGROUND FOR ALL TRANSPORTATION | $5,000 |
FATHER MARQUETTE CATHOLIC ACADEMY PURPOSE: 8TH GRADE SCHOLARSHIPS | $500 |
LIBERTY CHILDRENS ART PROJECT PURPOSE: CHILDRENS ART CAMP | $1,000 |