Lynch Foundation
- Assets
- $176.0m
- Revenue
- $42.1m
- Investments
- $158.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1988
- Data as of
- 12/2021
- EIN
- 04-3017940
Organization Overview
Lynch Foundation is located in Boston, MA. The organization was established in 1988. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Lynch 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, Lynch Foundation generated $42.1m in total revenue. All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 4.4% 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 2016, Lynch Foundation has awarded 430 individual grants totaling $41,374,046. 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 |
|---|---|---|---|
Kathryn M Everett Executive Director | 40 | $527,761 | |
Victoria Prudden Chief Of Staff | 40 | $130,491 | |
Nina Moe Grants, Operations, | 40 | $80,302 | |
Peter S Lynch President And Chairman | 1 | $0 | |
Richard Spillane Treasurer | 1 | $0 | |
Anne Lukowski Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,865,999 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $40,276,695 |
| Capital Gain Net Income | $40,276,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,142,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $527,761 |
| Other employee salaries and wages | $324,305 |
| Pension plans, employee benefits | $188,220 |
| Interest | $0 |
| Taxes | $653,097 |
| Depreciation | $0 |
| Occupancy | $70,958 |
| Travel, conferences, and meetings | $29,478 |
| Printing and publications | $0 |
| Other expenses | $88,857 |
| Total operating and administrative expenses | $3,110,143 |
| Contributions, gifts, grants paid | $9,302,763 |
| Total expenses and disbursements | $12,412,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,220,261 |
| 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 | $15,020 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $65,353,897 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,000,000 |
| Total assets | $176,006,196 |
| Accounts payable and accrued expenses | $115,875 |
| 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 | $499,730 |
| Total liabilities | $615,605 |
Grants Awarded
Over the last fiscal year, Lynch Foundation has awarded $9,302,763 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: ENDOWMENT SUPPORT | $1,676,601 |
LYNCH LEADERSHIP ACADEMY PURPOSE: GENERAL OPERATING SUPPORT | $975,860 |
Dorchester, MA PURPOSE: CAROLYN LYNCH CHILDREN'S CENTER | $500,000 |
Methuen, MA PURPOSE: CAPITAL CAMPAIGN | $250,000 |
ST JOHN THE BAPTIST SCHOOL PURPOSE: EARLY CHILDHOOD PROGRAM | $201,573 |
Plainfield, NJ PURPOSE: ENDOWMENT SUPPORT AND PROGRAM EXPANSION | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jader Trust 4 New York, NY | $1,054,851,689 | $157,383,970 |
Rockefeller Family Fund Inc New York, NY | $156,631,848 | $43,772,368 |
Shapiro-Silverberg Foundation New York, NY | $41,665,129 | $24,069,378 |
Hess Philanthropic Fund New York, NY | $231,447,732 | $32,591,174 |
Natural Heritage Trust Albany, NY | $68,314,961 | $23,861,363 |
Hollow Metal Trust Fund New York, NY | $38,290,021 | $12,661,866 |
Halvorsen Family Foundation Greenwich, CT | $235,306,066 | $4,015,208 |
Lynch Foundation Boston, MA | $176,006,196 | $42,142,694 |
Foundation Berma New York, NY | $320,553,699 | $33,382,644 |
Bam Endowment Trust Brooklyn, NY | $106,959,115 | $5,566,840 |
John R Oishei Consolidated Tr 01091998 Buffalo, NY | $21,967,662 | $5,743,689 |
Goldstein Family Foundation Spring Valley, NY | $15,534,248 | $10,502,547 |