Lafayette River Foundation is located in Norfolk, VA. The organization was established in 2004. 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. Lafayette River 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, Lafayette River Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (30.5%) each year. All expenses for the organization totaled $906.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lafayette River Foundation has awarded 24 individual grants totaling $4,439,416. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
E G Grandy Trustee | 0 | $25,000 | |
L W Webbiii Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $55,112 |
Dividends & Interest | $336,896 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $762,663 |
Capital Gain Net Income | $445,468 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $72,634 |
Total Revenue | $1,227,305 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $25,000 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $5 |
Taxes | $22,693 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $129,933 |
Contributions, gifts, grants paid | $776,227 |
Total expenses and disbursements | $906,160 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $155,948 |
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 | $937,955 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $15,373,543 |
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 |
Over the last fiscal year, Lafayette River Foundation has awarded $776,227 in support to 7 organizations.
Grant Recipient | Amount |
---|---|
VIRGINIA OPERA PURPOSE: VARIOUS PROGRAMS | $315,987 |
Norfolk, VA PURPOSE: VARIOUS PROGRAMS | $285,000 |
Norfolk, VA PURPOSE: VARIOUS PROGRAMS | $100,000 |
CHRIST AND ST LUKES EPISCOPAL CHURC PURPOSE: VARIOUS PROGRAMS | $39,740 |
Norfolk, VA PURPOSE: VARIOUS PROGRAMS | $25,000 |
ODU EDUCATIONAL FOUNDATION PURPOSE: VARIOUS PROGRAMS | $5,500 |
Organization Name | Assets | Revenue |
---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
Msi-Us Washington, DC | $1,301,607 | $71,292,993 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Bhp Foundation Washington, DC | $309,092,778 | $68,102,954 |
Wyss Medical Foundation Inc Washington, DC | $41,278,790 | $827,503 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |