Lovett-Woodsum Family Charitable Foundation Inc
- Assets
- $82.8m
- Revenue
- $19.6m
- Investments
- $73.5m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1988
- Data as of
- 11/2022
- 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 11/2022, Lovett-Woodsum Family Charitable Foundation Inc generated $19.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $1.1m during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lovett-Woodsum Family Charitable Foundation Inc has awarded 1,102 individual grants totaling $30,967,846. 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 |
|---|---|---|
Northern Trust | 11/29/23 | $16,555 |
Weatherbie Capital Llc | 11/29/23 | $93,936 |
Eam International Small Cap | 11/29/23 | $20,777 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,826,620 |
| Interest on Savings | $24,209 |
| Dividends & Interest | $1,394,373 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,260,989 |
| Capital Gain Net Income | $354,583 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,612,911 |
| Total Revenue | $19,597,124 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,846 |
| Taxes | $261,187 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $103 |
| Printing and publications | $0 |
| Other expenses | $31,767 |
| Total operating and administrative expenses | $439,383 |
| Contributions, gifts, grants paid | $695,321 |
| Total expenses and disbursements | $1,134,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,299,978 |
| 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 | $27,181,493 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $82,773,529 |
| Accounts payable and accrued expenses | $245 |
| 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 | $245 |
Grants Awarded
Over the last fiscal year, Lovett-Woodsum Family Charitable Foundation Inc has awarded $1,232,736 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY AT OCEAN REEF PURPOSE: UNRESTRICTED | $1,000 |
AMERICAN MUSEUM OF FLY FISHING PURPOSE: UNRESTRICTED | $2,500 |
ANIMAL RESCUE LEAGUE OF BOSTON PURPOSE: UNRESTRICTED | $20,000 |
ASHLAND FOOD PANTRY PURPOSE: UNRESTRICTED | $10,000 |
BEACON HILL NURSERY SCHOOL PURPOSE: UNRESTRICTED | $5,000 |
BLACKFOOT CHALLENGE PURPOSE: UNRESTRICTED | $3,000 |