L K Whittier Foundation
- Assets
- $10.0m
- Revenue
- $38.7m
- Investments
- $9.0
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 02/1959
- Data as of
- 04/2023
- EIN
- 95-6027493
Organization Overview
L K Whittier Foundation is located in Pasadena, CA. The organization was established in 1959. 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. L K Whittier 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 04/2023, L K Whittier Foundation generated $38.7m in total revenue. All expenses for the organization totaled $794.0k during the year ending 04/2023. While expenses have increased by 25.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, L K Whittier Foundation has awarded 19 individual grants totaling $114,950,000. 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 |
|---|---|---|---|
Laura-Lee W Woods President/director | 2 | $0 | |
Linda Blinkenberg Vice President/director | 2 | $0 | |
Greg Custer Secretary/director | 2 | $0 | |
Sandip Bhagat Cfo/director | 2 | $0 | |
Laure W Woods Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,854 |
| Dividends & Interest | $419,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,208,751 |
| Capital Gain Net Income | $23,129,088 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $38,654,246 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $552,366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,541 |
| Total operating and administrative expenses | $793,967 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $793,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,926,564 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $38,539 |
| Total assets | $9,965,112 |
| 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 | $541,161 |
| Total liabilities | $541,161 |
Grants Awarded
Over the last fiscal year, L K Whittier Foundation has awarded $57,450,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BENNINGTON COLLEGE PURPOSE: SUPPORT FOR THE PETER DRUCKER FUND FOR EXCELLENCE AND INNOVATION | $12,000,000 |
CAL STATE LA UNIVERSITY AUXILIARY SERVICES INC PURPOSE: NURSING VIRTUAL-AND-AUGMENTED REALITY AND SIMULATION CENTER SUSTAINABILITY PLAN | $900,000 |
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: SECURING THE FUTURE OF THE LAURA P. AND LELAND K. WHITTIER VPICU | $11,250,000 |
HUNTINGTON MEDICAL RESEARCH INSTITUTES (HMRI) PURPOSE: ALZHEIMER'S DISEASE BRAIN AGING STUDY | $6,000,000 |
J DAVID GLADSTONE INSTITUTE PURPOSE: STEM CELL RESEARCH, FACULTY RECRUITMENT, AND NAMED DIRECTORSHIP | $27,000,000 |
MOUNT SAINT MARY'S UNIVERSITY PURPOSE: NURSING STUDENT SCHOLARSHIPS | $300,000 |