Liberty Mutual Foundation Inc
- Assets
- $46.6m
- Revenue
- $46.3m
- Investments
- $43.4m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 06/2004
- Data as of
- 12/2023
- EIN
- 14-1893520
Organization Overview
Liberty Mutual Foundation Inc is located in Boston, MA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Liberty Mutual 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 12/2023, Liberty Mutual Foundation Inc generated $46.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $52.8m during the year ending 12/2023. While expenses have increased by 15.4% 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, Liberty Mutual Foundation Inc has awarded 4,005 individual grants totaling $223,962,574. 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 |
|---|---|---|---|
Timothy M Sweeney Chairman/director | 1 | $0 | |
Neeti Bhalla Johnson Director | 1 | $0 | |
Ann T Stanberry Director | 1 | $0 | |
Melissa M Macdonnell President | 1 | $0 | |
Vlad Barbalat Executive Vp/cio/director | 1 | $0 | |
James Closson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $43,107,139 |
| Interest on Savings | $131,518 |
| Dividends & Interest | $1,735,996 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,348,495 |
| Capital Gain Net Income | $37,913,103 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,323,148 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $452,136 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,444 |
| Total operating and administrative expenses | $594,904 |
| Contributions, gifts, grants paid | $52,239,174 |
| Total expenses and disbursements | $52,834,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,000 |
| Savings and temporary cash investments | $2,875,453 |
| 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 | $1,067,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,556,209 |
| 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, Liberty Mutual Foundation Inc has awarded $71,504,148 in support to 1,025 organizations.
| Grant Recipient | Amount |
|---|---|
ABOUT FRESH PURPOSE: FRESH TRUCK: ACTIVATING TO FURTHER CLIMATE RESILIENCY | $15,000 |
ABOUT FRESH PURPOSE: FRESH TRUCK: INCREASING ACCESS & UPLIFTING FOOD CULTURE | $40,000 |
ABILITIES DANCE INCORPORATED PURPOSE: BRANCHES V2 | $15,000 |
ALLSTON BRIGHTON COMMUNITY DEVELOPMENT CORPORATION PURPOSE: RESIDENT SERVICES | $20,000 |
ACADEMY OF THE PACIFIC RIM PURPOSE: CLIMATE RESILIENCY AND ENERGY EFFICIENCY EXEMPLAR AT APR | $15,000 |
ALPHA SUPPORTED LIVING SERVICES PURPOSE: ALPHA'S COMMUNITY PROJECTS PROGRAM AND 192 SHORELINE COMMUNITY CENTER START-UP | $20,000 |