Letaw Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $139.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2008
- Data as of
- 10/2023
- EIN
- 20-8109297
Organization Overview
Letaw Family Foundation Inc is located in Wilmington, DE. The organization was established in 2008. 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. Letaw Family 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, Letaw Family Foundation Inc generated $139.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $138.7k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Letaw Family Foundation Inc has awarded 24 individual grants totaling $406,475. 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 |
|---|---|---|---|
James Brown Letaw Director | 1 | $0 | |
Kaye Lynn Crown Vice President | 6 | $0 | |
Amelia Letaw Levin Secretary | 3 | $0 | |
Anne Winston Shaw Treasurer | 3 | $0 | |
Joyce Winston Letaw President/grantor | 1 | $0 | |
Mary Jane Wolff Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,696 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,638 |
| Capital Gain Net Income | $82,638 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $139,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $500 |
| Total operating and administrative expenses | $18,708 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $138,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,059 |
| Savings and temporary cash investments | $0 |
| 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 | $1,305,245 |
| 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, Letaw Family Foundation Inc has awarded $120,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: GENERAL OPERATING | $20,000 |
HOUSE OF RUTH MARYLAND PURPOSE: GENERAL OPERATING | $30,000 |
CREATIVE ALLIANCE INC PURPOSE: GENERAL OPERATING | $12,500 |
NEW FUTURES PURPOSE: GENERAL OPERATING | $12,500 |
GIRLS ON THE RUN PURPOSE: GENERAL OPERATING | $20,000 |
RESTORATIVE RESPONSE BALTIMORE INC PURPOSE: GENERAL OPERATING | $12,500 |