Leir Foundation Inc
- Assets
- $104.9m
- Revenue
- $4.5m
- Investments
- $100.8m
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 06-1466481
Organization Overview
Leir Foundation Inc is located in Ridgefield, CT. The organization was established in 1997. 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. Leir 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 12/2022, Leir Foundation Inc generated $4.5m 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 (4.1%) each year. All expenses for the organization totaled $8.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Leir Foundation Inc has awarded 20 individual grants totaling $39,321,798. 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
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margot Gibis Pres/direc-(deceased 11/19/22) | 40 | $329,907 | |
Laurie Kuhn Assistant Sec'y | 40 | $69,140 | |
Markus Fuchs Dir/pres/sec'y-As Of 11/20/22 | 1 | $0 | |
Joseph Whalen Dir/chair/treas | 1 | $0 | |
Paul Cambrai-Bell Director & VP - Beg 11/20/22 | 1 | $0 | |
Dr Jack S C Fong MD Director Beg 11/20/22 | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Offit Capital Advisors | 12/30/22 | $260,475 |
Marcum Llp | 12/30/22 | $160,469 |
Cadwalader Wickersham And Taft Llp | 12/30/22 | $74,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $195,389 |
| Dividends & Interest | $1,243,020 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,938,221 |
| Capital Gain Net Income | $2,916,419 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $110,007 |
| Total Revenue | $4,486,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $399,047 |
| Other employee salaries and wages | $12,001 |
| Pension plans, employee benefits | $83,966 |
| Interest | $229 |
| Taxes | $275,578 |
| Depreciation | $182 |
| Occupancy | $107,640 |
| Travel, conferences, and meetings | $93,239 |
| Printing and publications | $0 |
| Other expenses | $107,474 |
| Total operating and administrative expenses | $1,666,459 |
| Contributions, gifts, grants paid | $6,713,993 |
| Total expenses and disbursements | $8,380,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,124,331 |
| Savings and temporary cash investments | $2,899,080 |
| 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 | $10,118 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $100,844,564 |
| Net Land, buildings, and equipment | $182 |
| Other assets | $38,771 |
| Total assets | $104,917,046 |
| 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 |
Grants Awarded
Over the last fiscal year, Leir Foundation Inc has awarded $6,713,993 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SEE ATTACHMENT A PURPOSE: GRANTS FOR DONEE'S EXEMPT PURPOSE | $4,883,500 |
THE LEIR RETREAT CENTER PURPOSE: SUPPORT OF OPERATION OF PROGRAMS FOR DISADVANTAGED CHILDREN AND CONFERENCE CENTER FOR CHARITABLE ORGANIZATIONS | $1,120,000 |
SEE ATTACHMENT A PURPOSE: GRANTS FOR DONEE'S EXEMPT PURPOSE | $710,493 |