L & L Foundation
- Assets
- $6.9m
- Revenue
- $701.8k
- Investments
- $6.4m
- Employees
- 0
- Location
- Armonk, NY
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 13-6155758
Organization Overview
L & L Foundation is located in Armonk, NY. The organization was established in 1964. 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. L & L Foundation 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 12/2023, L & L Foundation generated $701.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $568.5k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 5 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, L & L Foundation has awarded 46 individual grants totaling $1,562,500. 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 |
|---|---|---|---|
Pamela J Carr Vice Pres., Treasurer & Director | 3 | $24,000 | |
Paul Degaetano Vice Pres., Asst. Tres. & Director | 3 | $24,000 | |
Raymond L Vandenberg President & Director | 3 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,048 |
| Dividends & Interest | $231,144 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $455,561 |
| Capital Gain Net Income | $455,561 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $701,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $170 |
| Other expenses | $72,757 |
| Total operating and administrative expenses | $153,513 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $568,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,022 |
| Savings and temporary cash investments | $428,517 |
| 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 | $0 |
| Total assets | $6,929,651 |
| 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, L & L Foundation has awarded $415,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S FOUNDATION OF AMERICA PURPOSE: CHARITABLE CONTRIBUTION - GENERAL OPERATIONS | $20,000 |
BOOMER ESIASON FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION - GENERAL OPERATIONS | $30,000 |
CURE ALZHEIMER FUND PURPOSE: CHARITABLE CONTRIBUTION - GENERAL OPERATIONS | $20,000 |
FRIENDS OF THE CHILDREN NEW YORK PURPOSE: CHARITABLE CONTRIBUTION - GENERAL OPERATIONS | $30,000 |
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: CHARITABLE CONTRIBUTION - GENERAL OPERATIONS | $30,000 |
NATIONAL FOUNDATION FOR FACIAL RECONSTRUCTION PURPOSE: CHARITABLE CONTRIBUTION - GENERAL OPERATIONS | $30,000 |