Thomas And Dorothy Leavey Foundation
- Assets
- $371.2m
- Revenue
- $62.6m
- Investments
- $354.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1956
- Data as of
- 12/2021
- EIN
- 95-6060162
Organization Overview
Thomas And Dorothy Leavey Foundation is located in Los Angeles, CA. The organization was established in 1956. 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. Thomas And Dorothy Leavey 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 12/2021, Thomas And Dorothy Leavey Foundation generated $62.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $26.7m during the year ending 12/2021. While expenses have increased by 17.2% 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 2020, Thomas And Dorothy Leavey Foundation has awarded 458 individual grants totaling $64,870,750. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
SCHOLARSHIP PROGRAM, APPROVED BY THE IRS, BASED ON MERIT AND NEED FOR THE CHILDREN OF ABOUT 40,000 EMPLOYEES AND AGENTS OF FARMERS INSURANCE GROUP (FARMERS). ALL CHILDREN OF EMPLOYEES AND AGENTS OF FARMERS ARE ELIGIBLE. SCHOLARSHIP RECIPIENTS ARE SELECTED BY AN INDEPENDENT SELECTION COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Powers Doud Trustee, As Needed | 5 | $1,800 | |
Michael Enright Trustee, As Needed | 5 | $1,800 | |
Louis Castruccio Trustee, As Needed | 5 | $1,800 | |
Jeffrey Kearns Trustee, As Needed | 1 | $1,800 | |
Kathleen L Mccarthy Chairman, As Needed | 5 | $0 | |
Mark Lemons Trustee, As Needed | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Edgewood Management Co | 12/30/21 | $670,138 |
Irell & Manella Llp | 12/30/21 | $280,575 |
Bel Air Investment | 12/30/21 | $267,019 |
Deloitte & Touche | 12/30/21 | $65,500 |
Andersen Tax Llc | 12/30/21 | $213,873 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,231 |
| Dividends & Interest | $5,908,367 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $56,647,753 |
| Capital Gain Net Income | $56,158,635 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,955 |
| Total Revenue | $62,566,306 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,600 |
| Other employee salaries and wages | $173,203 |
| Pension plans, employee benefits | $9,950 |
| Interest | $0 |
| Taxes | $791,958 |
| Depreciation | $292 |
| Occupancy | $174,522 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145,064 |
| Total operating and administrative expenses | $4,933,742 |
| Contributions, gifts, grants paid | $21,721,198 |
| Total expenses and disbursements | $26,654,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,948,983 |
| Net Accounts receivable | $8,040,811 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $60,998 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $75,011,977 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,960 |
| Total assets | $371,206,238 |
| Accounts payable and accrued expenses | $350,419 |
| Grants payable | $31,442,158 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,434,000 |
| Total liabilities | $33,226,577 |
Grants Awarded
Over the last fiscal year, Thomas And Dorothy Leavey Foundation has awarded $49,984,000 in support to 227 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGETOWN UNIVERSITY PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $15,000,000 |
Los Angeles, CA PURPOSE: PAYMENT FOR ASSISTANCE OF WOMEN AND CHILDREN IN NEED | $6,000,000 |
Los Angeles, CA PURPOSE: PAYMENTS FOR EDUCATIONAL PURPOSES | $6,000,000 |
USC CHARITABLE GIFT AGREEMENT PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $4,000,000 |
SANTA CLARA UNIVERSITY PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $4,000,000 |
GEORGETOWN UNIVERSITY PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $4,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Koum Family Foundation Palo Alto, CA | $2,010,566,070 | $59,411,015 |
The David Geffen Foundation Los Angeles, CA | $481,191,890 | $36,420,193 |
Knight Foundation Beaverton, OR | $3,232,383,420 | $1,963,443,063 |
Waverley Street Foundation Palo Alto, CA | $2,988,003,660 | $1,311,729,919 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |