Rush And Kathryn Adams Limbaugh Family Foundation Inc

Organization Overview

Rush And Kathryn Adams Limbaugh Family Foundation Inc is located in Palm Beach Gardens, FL. The organization was established in 2019. 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. Rush And Kathryn Adams Limbaugh Family Foundation Inc 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 12/2021, Rush And Kathryn Adams Limbaugh Family Foundation Inc generated $331.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (60.5%) each year. All expenses for the organization totaled $813.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Rush And Kathryn Adams Limbaugh Family Foundation Inc has awarded 116 individual grants totaling $9,390,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

BASED ON THE RECOMMENDATION(S) OF THE DIRECTORS, THE FOUNDATION MAKES DIRECT CASH CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATION AND MAKES GRANTS TO PROMOTE EDUCATION. THE FOUNDATION AWARDED SCHOLARSHIP GRANTS TO 17 INDIVIDUALS IN 2021. EACH OF THE GRANT RECIPIENTS IS LISTED IN PART XIV.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,000
Interest on Savings $71
Dividends & Interest $130,982
Net Rental Income$0
Net Gain on Sale of Assets $199,782
Capital Gain Net Income $215,696
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $331,835

Grants Awarded

Over the last fiscal year, Rush And Kathryn Adams Limbaugh Family Foundation Inc has awarded $770,000 in support to 21 organizations.

Grant RecipientAmount

DANA FARBER CANCER INSTITUTE

PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE

$500,000

MAHOMET COMMUNITY FOUNDATION

PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE

$50,000

RENEE PETERSON

PURPOSE: SCHOLARSHIP

$30,000

URBANO RODRIGUEZ

PURPOSE: SCHOLARSHIP

$30,000

THOMAS YERKES JR

PURPOSE: SCHOLARSHIP

$30,000

Englewood, OH

PURPOSE: TO FURTHER THE ORGANIZATION'S QUALIFIED PURPOSE

$25,000
View Grant Profile

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