Lovett-Woodsum Family Charitable Foundation Inc
- Assets
- $0.0
- Revenue
- $16.9m
- Investments
- $52.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1988
- Data as of
- 11/2020
- EIN
- 04-2944183
Organization Overview
Lovett-Woodsum Family Charitable Foundation Inc is located in Boston, MA. The organization was established in 1988. 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. Lovett-Woodsum Family Charitable Foundation Inc 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 11/2020, Lovett-Woodsum Family Charitable Foundation Inc generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $5.2m during the year ending 11/2020. While expenses have increased by 5.4% per year over the past 6 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 2014, Lovett-Woodsum Family Charitable Foundation Inc has awarded 970 individual grants totaling $29,039,789. 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 |
|---|---|---|---|
Anne R Lovett President | 0 | $0 | |
Stephen G Woodsum Treasurer | 0 | $0 | |
David H Hopfenberg Clerk | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weatherbie Capital Llc | 11/29/21 | $144,188 |
Eam International Small Cap | 11/29/21 | $34,025 |
Northern Trust | 11/29/21 | $13,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,182,415 |
| Interest on Savings | $3,981 |
| Dividends & Interest | $521,405 |
| Profit on Inventory Sales | $0 |
| Other Income | $283,039 |
| Total Revenue | $16,945,566 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $250,845 |
| Contributions, gifts, grants paid | $4,906,265 |
| Total expenses and disbursements | $5,157,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,664,344 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,809,014 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lovett-Woodsum Family Charitable Foundation Inc has awarded $2,084,603 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
UPSTREAM PURPOSE: UNRESTRICTED | $511,756 |
Evanston, IL PURPOSE: UNRESTRICTED | $268,162 |
New Haven, CT PURPOSE: UNRESTRICTED | $234,930 |
Holderness, NH PURPOSE: UNRESTRICTED | $65,000 |
NEW ENGLAND AQUARIUM PURPOSE: UNRESTRICTED | $50,500 |
Boston, MA PURPOSE: UNRESTRICTED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |
Theodore J Forstmann Charitable Trust New York, NY | $79,816,371 | $674,210 |
The Carol A Ammon Foundation Albany, NY | $10,088,469 | $6,097,174 |