Lum Foundation
- Assets
- $17.4m
- Revenue
- $153.7k
- Investments
- $14.5m
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2023
- EIN
- 85-4229703
Organization Overview
Lum Foundation is located in New York, NY. 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. Lum 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 12/2023, Lum Foundation generated $153.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (70.4%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Granieri President/director | 2 | $0 | |
Sarah Groothuis Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $153,671 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $153,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $960 |
| Total operating and administrative expenses | $45,829 |
| Contributions, gifts, grants paid | $2,520,000 |
| Total expenses and disbursements | $2,565,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,863,382 |
| 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 | $14,500,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,363,382 |
| 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, Lum Foundation has awarded $2,520,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DIGNITAS UKRAINE PURPOSE: GENERAL SUPPORT | $250,000 |
HOSPITALLERS UKRAINE AID LIMITED PURPOSE: SEE EXPENDITURE RESPONSIBILITY STATEMENT | $200,000 |
CONSUMER CHOICE EDUCATIONS PURPOSE: GENERAL SUPPORT | $288,000 |
RENEW DEMOCRACY INITIATIVE PURPOSE: GENERAL SUPPORT | $1,000,000 |
UNITED JEWISH APPEAL FEDERATION PURPOSE: GENERAL SUPPORT | $750,000 |
AFGHAN EVAC PURPOSE: GENERAL SUPPORT | $32,000 |