Lorenzini Family Foundation
- Assets
- $5.1m
- Revenue
- -$2.4m
- Investments
- $3.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- Data as of
- 12/2022
- EIN
- 85-1044989
Organization Overview
Lorenzini Family Foundation is located in Wilmington, DE. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lorenzini Family 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, Lorenzini Family Foundation has awarded 56 individual grants totaling $5,373,800. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caden Mckinstry Lorenzini Sec | 1 | $0 | |
Court V Lorenzini Treas | 1 | $0 | |
Robin Neff Lorenzini Dir, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $591,903 |
| Interest on Savings | $233 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,004,944 |
| Capital Gain Net Income | $2,080,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $653 |
| Total Revenue | -$2,412,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $70,990 |
| Total operating and administrative expenses | $88,390 |
| Contributions, gifts, grants paid | $1,619,000 |
| Total expenses and disbursements | $1,707,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,502,760 |
| 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 | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $460,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,122,992 |
| 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, Lorenzini Family Foundation has awarded $1,619,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY CREDIT LAB PURPOSE: GENERAL & UNRESTRICTED | $300,000 |
DUKE UNIVERSITY PURPOSE: THE LORENZINI FAMILY SCHOLARSHIP FUND AS PART OF THE LORD 100 CHALLENGE | $125,000 |
EARTH ISLAND INSTITUTE INC PURPOSE: HERBICIDE FREE CAMPUS | $5,000 |
EQUAL JUSTICE WORKS PURPOSE: EQUAL JUSTICE WORKS FELLOWSHIPS CLASS OF 2022 | $134,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: SOLVE INNOVATION FUTURE FUND | $125,000 |
THE DRAPER RICHARDS KAPLAN FOUNDATION PURPOSE: FUND IV | $250,000 |