Henry Luce Foundation Inc
- Assets
- $1.1b
- Revenue
- $92.4m
- Investments
- $1.0b
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1937
- Data as of
- 12/2022
- EIN
- 13-6001282
Organization Overview
Henry Luce Foundation Inc is located in New York, NY. The organization was established in 1937. 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. Henry Luce 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, Henry Luce Foundation Inc generated $92.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $59.7m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 4 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 2020, Henry Luce Foundation Inc has awarded 1,653 individual grants totaling $210,228,855. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director (thru June 2022), Co-Chair (beg June 2022) | 7 | $30,000 | |
Name Not Listed Director | 3.5 | $25,000 | |
Name Not Listed Vice-President | 35 | $316,000 | |
Name Not Listed Director | 3.5 | $25,000 | |
Name Not Listed Chair (thru June 2022), Director (beg June 2022) | 7 | $58,333 | |
Name Not Listed Director | 3.5 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Investure | 12/30/22 | $3,743,459 |
Ventucom | 12/30/22 | $270,775 |
Ted Moudis Associates | 12/30/22 | $159,541 |
New York Historical Society | 12/30/22 | $100,000 |
Patterson Belknap Webb & Tyler Llp | 12/30/22 | $181,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,081,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,350,323 |
| Capital Gain Net Income | $39,806,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $92,432,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,748,083 |
| Other employee salaries and wages | $2,503,253 |
| Pension plans, employee benefits | $1,301,219 |
| Interest | $4,364 |
| Taxes | $1,080,801 |
| Depreciation | $240,254 |
| Occupancy | $982,770 |
| Travel, conferences, and meetings | $684,298 |
| Printing and publications | $0 |
| Other expenses | $1,323,934 |
| Total operating and administrative expenses | $14,172,552 |
| Contributions, gifts, grants paid | $45,573,480 |
| Total expenses and disbursements | $59,746,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,024 |
| Savings and temporary cash investments | $18,063,317 |
| Net Accounts receivable | $596,866 |
| 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 | $2,770,147 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $972,059,774 |
| Net Land, buildings, and equipment | $1,746,442 |
| Other assets | $13,694,526 |
| Total assets | $1,070,353,319 |
| Accounts payable and accrued expenses | $1,098,213 |
| Grants payable | $24,336,228 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,403,489 |
| Total liabilities | $44,837,930 |
Grants Awarded
Over the last fiscal year, Henry Luce Foundation Inc has awarded $72,086,270 in support to 748 organizations.
| Grant Recipient | Amount |
|---|---|
AAPI CIVIC ENGAGEMENT FUND PURPOSE: AAPI CIVIC ENGAGEMENT FUND | $150,000 |
AAPI MONTCLAIR PURPOSE: LUCE FOUNDATION 2022 EMPLOYEE YEAR-END GRANT - IRIS SHIH | $1,000 |
AAPI DATA PROJECT AT THE CENTER FOR SOCIAL INNOVATION UNIVERSITY OF CALIFO PURPOSE: AAPI DATA | $100,000 |
ABUSULAYMAN CENTER FOR GLOBAL ISLAMIC STUDIES GEORGE MASON UNIVERSITY PURPOSE: MAPPING GENEALOGIES, AND TRAJECTORIES, OF RACE, RELIGION, AND AMERICAN IDENTITY | $125,000 |
AFRICAN INSTITUTE FOR MATHEMATICAL SCIENCES PURPOSE: GENDER SUMMIT - AFRICA 2022 | $25,000 |
AFRICAN INSTITUTE FOR MATHEMATICAL SCIENCES PURPOSE: AIMS WOMEN IN SCIENCE (AIMSWIS) | $150,000 |