G And R Loeb Foundation Inc
- Assets
- $452.2k
- Revenue
- $120.0k
- Investments
- $418.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/1961
- Data as of
- 09/2021
- EIN
- 13-6121546
Organization Overview
G And R Loeb Foundation Inc is located in Los Angeles, CA. The organization was established in 1961. 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. G And R Loeb 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 09/2021, G And R Loeb Foundation Inc generated $120.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $170.6k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE G & R LOEB FOUNDATION, IN CONJUNCTION WITH THE ANDERSON SCHOOL AT UCLA, OVERSEES THE SUBMISSION, PROCESSING AND JUDGING OF ENTRIES FOR TWELVE AWARDS FOR DISTINGUISHED JOURNALISM (PRINT, BROADCAST AND ONLINE FORMATS), PLUS TWO CAREER ACHIEVEMENT AWARDS. THE JUDGING IS DONE BY A PANEL OF INDIVIDUALS, INCLUDING FACULTY MEMBERS OF THE ANDERSON SCHOOL OF UCLA. THE DEAN OF THE ANDERSON SCHOOL SERVES AS CHAIRMAN OF THE FINAL JUDGING PANEL. SEE STATEMENT 14 FOR AWARD AND QUALIFICATION DETAILS.
THE G & R LOEB FOUNDATION ORGANIZES AND CONDUCTS AN ANNUAL AWARDS BANQUET FOR THE WINNERS OF THE DISTINGUISHED JOURNALISM AWARDS IN PRINT, BROADCAST, ONLINE AND CAREER ACHIEVEMENT. AWARD WINNERS ARE HONORED IN FOURTEEN CATEGORIES AND SOME PARTICIPANTS MAY BE SELECTED AND RECOGNIZED FOR HONORABLE MENTION. IN 2020 AND 2021, DUE TO THE GLOBAL COVID-19 PANDEMIC, THE ANNUAL IN-PERSON AWARDS BANQUETS AND CELEBRATION WERE POSTPONED AND REPLACED WITH VIRTUAL AWARDS CEREMONY EVENTS THAT WERE LIVE-STREAMED ON NOVEMBER 12, 2020, AND SEPTEMBER 30, 2021 FOR THE RESPECTIVE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Bernardo Chairman | 0.5 | $0 | |
Jonathan Daillak Secretary | 1 | $0 | |
Al Osborne President | 1 | $0 | |
Patricia Godefroy Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,348 |
| Interest on Savings | $3,921 |
| Dividends & Interest | $5,025 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,035 |
| Capital Gain Net Income | $34,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,697 |
| Total Revenue | $120,026 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $635 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109,197 |
| Total operating and administrative expenses | $146,390 |
| Contributions, gifts, grants paid | $24,179 |
| Total expenses and disbursements | $170,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,156 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $22,015 |
| Total assets | $452,156 |
| Accounts payable and accrued expenses | $84,113 |
| 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 | $1 |
| Total liabilities | $84,114 |
Grants Awarded
Over the last fiscal year, G And R Loeb Foundation Inc has awarded $24,179 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALL OTHERS AWARDS 500 OR SMALLER PURPOSE: IN RECOGNITION FOR DISTINGUISHED BUSINESS AND FINANCIAL JOURNALISM. | $14,181 |
GREG JAFFE PURPOSE: IN RECOGNITION FOR DISTINGUISHED BUSINESS AND FINANCIAL JOURNALISM. | $2,000 |
KIERA FELDMAN PURPOSE: IN RECOGNITION FOR DISTINGUISHED BUSINESS AND FINANCIAL JOURNALISM. | $2,000 |
MICHELLE SINGLETARY PURPOSE: IN RECOGNITION FOR DISTINGUISHED BUSINESS AND FINANCIAL JOURNALISM. | $2,000 |
MARGIE MASON PURPOSE: IN RECOGNITION FOR DISTINGUISHED BUSINESS AND FINANCIAL JOURNALISM. | $1,000 |
ROBIN MCDOWELL PURPOSE: IN RECOGNITION FOR DISTINGUISHED BUSINESS AND FINANCIAL JOURNALISM. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |