Lau & Bea Christensen Charitable Foundation
- Assets
- $9.9m
- Revenue
- $1.3m
- Investments
- $9.2m
- Employees
- 0
- Location
- Madison, WI
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 20-8837127
Organization Overview
Lau & Bea Christensen Charitable Foundation is located in Madison, WI. The organization was established in 2007. 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. Lau & Bea Christensen Charitable 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, Lau & Bea Christensen Charitable Foundation generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $830.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lau & Bea Christensen Charitable Foundation has awarded 365 individual grants totaling $6,248,065. 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 |
|---|---|---|---|
Laurits R Christensen Director | 0 | $0 | |
Scott Christensen Director | 0 | $0 | |
Christopher Bugg Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $421,947 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $836,956 |
| Capital Gain Net Income | $836,956 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,258,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23,805 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $25,130 |
| Contributions, gifts, grants paid | $804,900 |
| Total expenses and disbursements | $830,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $674,347 |
| 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 | $2 |
| Total assets | $9,896,069 |
| 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, Lau & Bea Christensen Charitable Foundation has awarded $804,900 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
NATURAL RESOURCES FOUNDATION PURPOSE: DONATION | $20,000 |
OPERA FOR THE YOUNG PURPOSE: DONATION | $2,500 |
CHILDREN'S THEATER OF MADISON PURPOSE: DONATION | $20,000 |
PORCHLIGHT PURPOSE: DONATION | $10,000 |
YWCA OF MADISON PURPOSE: DONATION | $10,000 |
DRIFTLESS AREA LAND CONSERVATION PURPOSE: DONATION | $10,000 |