Levitt Foundation Inc
- Assets
- $16.6m
- Revenue
- $607.8k
- Investments
- $16.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1950
- Data as of
- 04/2023
- EIN
- 13-6128226
Organization Overview
Levitt Foundation Inc is located in New York, NY. The organization was established in 1950. 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. Levitt 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 04/2023, Levitt Foundation Inc generated $607.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.0m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Levitt Foundation Inc has awarded 433 individual grants totaling $6,625,829. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH ADVISORY CONFERENCE - TO CONVENE NEW YORK CITY YOUTH WITH FOOD JUSTICE EXPERIENCE AND SOLICIT THEIR ADVICE ON THE MOST EFFECTIVE WAYS TO EMPOWER YOUNG PEOPLE TO ADDRESS FOOD SYSTEMS INEQUITIES IN THEIR OWN NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Green Landauer President | 0.5 | $0 | |
Amy Goldberg Treasurer & Director | 0.5 | $0 | |
Kristin Reynolds PHD Director | 0.5 | $0 | |
Hilda H Polanco Secretary & Director | 0.5 | $0 | |
Kwaku Driskell Director | 0.5 | $0 | |
Colvin Grannum Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $368,275 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $239,513 |
| Capital Gain Net Income | $239,513 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $607,797 |
| 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 | $3,627 |
| Printing and publications | $0 |
| Other expenses | $57,410 |
| Total operating and administrative expenses | $187,073 |
| Contributions, gifts, grants paid | $815,000 |
| Total expenses and disbursements | $1,002,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,353 |
| Savings and temporary cash investments | $443,861 |
| 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 | $16,184,759 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,641,973 |
| 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, Levitt Foundation Inc has awarded $815,000 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
A NEW CHANCE ANIMAL RESCUE INC PURPOSE: GENERAL SUPPORT | $2,000 |
ALZHEIMER'S ASSOCIATION PURPOSE: GENERAL SUPPORT | $4,000 |
BK ROT INC PURPOSE: YOUTH LEADERS PROGRAM | $12,500 |
BLOOM AGAIN BKLYN PURPOSE: GENERAL SUPPORT | $1,500 |
BRONXWORKS INC PURPOSE: YOUTH FOOD JUSTICE CORP | $20,000 |
BROOKLYN COMMUNITY FOUNDATION PURPOSE: HATTIE CARTHAN URBAN AGRICULTURE YOUTH CORPS | $75,000 |