The Lu Foundation
- Assets
- $3.0m
- Revenue
- $337.5k
- Investments
- $1.4m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4664674
Organization Overview
The Lu Foundation is located in Denver, CO. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lu Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Lu Foundation has awarded 54 individual grants totaling $789,000. 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 |
|---|---|---|---|
C Maria Lu Secretary | 0 | $0 | |
C Mike Lu President | 1 | $0 | |
Connie Lu Director | 0 | $0 | |
Y Jeff Lu Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $109,884 |
| Interest on Savings | $26,599 |
| Dividends & Interest | $40,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,806 |
| Capital Gain Net Income | $156,806 |
| Net ST Capital Gain | $26,676 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,940 |
| Total Revenue | $337,452 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $219 |
| Taxes | $322 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,638 |
| Total operating and administrative expenses | $18,929 |
| Contributions, gifts, grants paid | $162,500 |
| Total expenses and disbursements | $181,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,633,316 |
| 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 | $812,177 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,017,168 |
| 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, The Lu Foundation has awarded $162,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: CHARITABLE | $50,000 |
DOCTORS WITHOUT BORDERS PURPOSE: CHARITABLE | $22,000 |
ACTIVATEIT OF DENVER PURPOSE: CHARITABLE | $20,000 |
PROPUBLICA PURPOSE: CHARITABLE | $17,000 |
San Francisco, CA PURPOSE: CHARITABLE | $13,000 |
CHINESE HOSPITAL PURPOSE: CHARITABLE | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
New Mexico Educational Assistance Foundation Albuquerque, NM | $392,805,656 | $19,955,288 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |