Richard Lounsbery Foundation Inc
- Assets
- $25.2m
- Revenue
- $4.9m
- Investments
- $24.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1960
- Data as of
- 12/2021
- EIN
- 13-6081860
Organization Overview
Richard Lounsbery Foundation Inc is located in Washington, DC. The organization was established in 1960. 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. Richard Lounsbery 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 12/2021, Richard Lounsbery Foundation Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 10.7% 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, Richard Lounsbery Foundation Inc has awarded 180 individual grants totaling $10,171,703. 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 |
|---|---|---|---|
Elizabeth Holleman Brown Director Of Programs & Cor | 40 | $118,594 | |
Jesse H Ausubel Chairman | 5 | $50,000 | |
David D Sabatini Vice Chairman | 2 | $20,000 | |
Maxmillian Angerholzer III Director | 5 | $20,000 | |
Catherine Dulac Director | 2 | $20,000 | |
Claire E Max Director | 2 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,496,000 |
| Interest on Savings | $75 |
| Dividends & Interest | $752,142 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,627,368 |
| Capital Gain Net Income | $1,627,368 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,875,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $288,594 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,955 |
| Interest | $0 |
| Taxes | $117,860 |
| Depreciation | $349 |
| Occupancy | $21,417 |
| Travel, conferences, and meetings | $7,384 |
| Printing and publications | $0 |
| Other expenses | $36,352 |
| Total operating and administrative expenses | $743,805 |
| Contributions, gifts, grants paid | $3,588,125 |
| Total expenses and disbursements | $4,331,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,272 |
| Savings and temporary cash investments | $675,438 |
| 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 | $6,674,010 |
| Net Land, buildings, and equipment | $525 |
| Other assets | $0 |
| Total assets | $25,179,814 |
| 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, Richard Lounsbery Foundation Inc has awarded $3,588,125 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL ACADEMY OF SCIENCES PURPOSE: CONNECTIONS TO SUSTAIN SCIENCE IN LATIN AMERICA | $283,722 |
UNIVERSITY OF CALIFORNIA SANTA CRUZ PURPOSE: BUILDING CAPACITY FOR HAWAII STEM WORKFORCE DEVELOPMENT TO SUPPORT U.S. ASTRONOMY - AKAMAI PROGRAM | $201,707 |
SMITHSONIAN SCIENCE EDUCATION CENTER PURPOSE: SPACE SCIENCE: SMITHSONIAN SCIENCE EDUCATION ACADEMY FOR TEACHERS IN HUNTSVILLE, AL | $200,000 |
Mountain View, CA PURPOSE: AN ALERT SYSTEM FOR ALL CITIZEN ASTRONOMERS | $199,298 |
SORBONNE UNIVERSITE - CELLF FACULTE DE LETTRES TOUR ZAMANSKY PURPOSE: THE ENCYCLOPEDIES PLATES: THE FIRST COMPREHENSIVE STUDY OF DIDEROTS VISUAL DICTIONARY | $175,000 |
Bronx, NY PURPOSE: US-RUSSIAN COOPERATION ON ENVIRONMENTAL SCIENCE AND CONSERVATION IN THE RUSSIAN FAR EAST | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |