Leni & Peter May Family Foundation
- Assets
- $5.6m
- Revenue
- $4.4m
- Investments
- $4.8m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 03/1991
- Data as of
- 12/2023
- EIN
- 13-3557827
Organization Overview
Leni & Peter May Family Foundation is located in Palm Beach, FL. The organization was established in 1991. 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. Leni & Peter May Family 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 12/2023, Leni & Peter May Family Foundation generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 50.7% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Leni & Peter May Family Foundation has awarded 20 individual grants totaling $2,363,733. 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 |
|---|---|---|---|
Peter W May Director | 0 | $0 | |
Leni F May Treasurer | 0 | $0 | |
Jonathan May Director | 0 | $0 | |
Leslie May Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,208,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,206 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,276 |
| Capital Gain Net Income | $3,064,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,408,732 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $86,469 |
| Total operating and administrative expenses | $86,469 |
| Contributions, gifts, grants paid | $1,895,000 |
| Total expenses and disbursements | $1,981,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,334 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $16,799 |
| 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 | $4,782,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,421 |
| Total assets | $5,566,487 |
| Accounts payable and accrued expenses | $175 |
| 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 | $175 |
Grants Awarded
Over the last fiscal year, Leni & Peter May Family Foundation has awarded $1,895,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNT SINAI HEALTH SYSTEM PURPOSE: EXEMPT ACTIVITIES | $500,000 |
JEWISH FEDERATION OF PALM BEACH COUNTY PURPOSE: EXEMPT ACTIVITIES | $150,000 |
SIMON WIESENTHAL CENTER PURPOSE: EXEMPT ACTIVITIES | $50,000 |
UNIVERSITY OF CHICAGO PURPOSE: EXEMPT ACTIVITIES | $950,000 |
ROUNDABOUT ARTISTIC DIRECTOR'S CIRCLE PURPOSE: EXEMPT ACTIVITIES | $25,000 |
CLAL PURPOSE: EXEMPT ACTIVITIES | $100,000 |