Michael And Carol Lowenstein Foundation Inc
- Assets
- $54.7m
- Revenue
- $2.9m
- Investments
- $37.8m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 09/2009
- Data as of
- 10/2023
- EIN
- 20-5953051
Organization Overview
Michael And Carol Lowenstein Foundation Inc is located in Greenwich, CT. The organization was established in 2009. 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. Michael And Carol Lowenstein 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 10/2023, Michael And Carol Lowenstein Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $2.8m during the year ending 10/2023. While expenses have increased by 6.2% per year over the past 8 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 2016, Michael And Carol Lowenstein Foundation Inc has awarded 152 individual grants totaling $15,437,760. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael B Lowenstein Director | 2 | $0 | |
Jeffery Lowenstein Director | 1 | $0 | |
Gino Labruzzo Secretary | 1 | $0 | |
Li Dick Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,766 |
| Interest on Savings | $651,166 |
| Dividends & Interest | $374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,109,744 |
| Capital Gain Net Income | $2,096,221 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $75,676 |
| Total Revenue | $2,878,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,521 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,865 |
| Total operating and administrative expenses | $44,386 |
| Contributions, gifts, grants paid | $2,804,077 |
| Total expenses and disbursements | $2,848,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556 |
| Savings and temporary cash investments | $16,849,084 |
| 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 | $31,341,045 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $54,694,063 |
| 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, Michael And Carol Lowenstein Foundation Inc has awarded $2,804,077 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL | $25,000 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE PURPOSE: GENERAL | $25,000 |
BROAD INSTITUTE INC PURPOSE: GENERAL | $100,000 |
BROTHERS FOR LIFE PURPOSE: GENERAL | $104,250 |
CANDLELIGHTERS OF NEW YORK CITY INC PURPOSE: GENERAL | $15,000 |
ENTERTAINMENT COMMUNITY FUND PURPOSE: GENERAL | $2,500 |