Lerner-Gray Foundation Inc
- Assets
- $448.9k
- Revenue
- $57.2k
- Investments
- $425.2k
- Employees
- 0
- Location
- Bluffton, SC
- Founding
- 03/1958
- Data as of
- 12/2023
- EIN
- 13-6113576
Organization Overview
Lerner-Gray Foundation Inc is located in Bluffton, SC. The organization was established in 1958. 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. Lerner-Gray 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.
Since 2015, Lerner-Gray Foundation Inc has awarded 194 individual grants totaling $329,280. 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 |
|---|---|---|---|
Lydia Bartholow President | 4 | $20,400 | |
Elisabeth Gray Secretary | 2 | $12,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,494 |
| Dividends & Interest | $11,071 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,604 |
| Capital Gain Net Income | $41,604 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,169 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,733 |
| Depreciation | $150 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,748 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $47,505 |
| Contributions, gifts, grants paid | $37,335 |
| Total expenses and disbursements | $84,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $23,758 |
| 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 | $203,969 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $448,948 |
| 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, Lerner-Gray Foundation Inc has awarded $37,335 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HELP KIDS INDIA INC PURPOSE: GENERAL FUND CONTRIBUTION | $500 |
COURT STREET ARTS PURPOSE: GENERAL FUND CONTRIBUTION | $5,000 |
OUTSIDE FOUNDATION PURPOSE: GENERAL FUND CONTRIBUTION | $2,000 |
NAVY SEAL MUSEUM PURPOSE: GENERAL FUND CONTRIBUTION | $18,075 |
LAUNCH EXPEDITIONARY LEARNING CHARTER SCHOOL PURPOSE: GENERAL FUND CONTRIBUTION | $100 |
BOYS AND GIRLS CLUB OF JASPER COUNTY PURPOSE: GENERAL FUND CONTRIBUTION | $800 |