Richard K Lubin Family Foundation
- Assets
- $198.3m
- Revenue
- $48.8m
- Investments
- $175.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1987
- Data as of
- 12/2023
- EIN
- 22-2773808
Organization Overview
Richard K Lubin Family Foundation is located in Boston, MA. The organization was established in 1987. 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. Richard K Lubin Family 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, Richard K Lubin Family Foundation generated $48.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $12.6m during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 4 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, Richard K Lubin Family Foundation has awarded 511 individual grants totaling $37,485,088. 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 |
|---|---|---|---|
Richard K Lubin Chairman | 10 | $0 | |
Nancy K Lubin Trustee | 1 | $0 | |
Kate E Lubin Trustee | 3 | $0 | |
Emily L Woods Trustee | 20 | $0 | |
Glendon Sutton Trustee | 1 | $0 | |
Greg Woods Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs | 12/30/23 | $206,979 |
Hall Capital | 12/30/23 | $116,722 |
Morgan Stanley | 12/30/23 | $99,636 |
Isaacson Miller Inc | 12/30/23 | $67,642 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,455,117 |
| Interest on Savings | $2,060,861 |
| Dividends & Interest | $5,145,727 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,671,179 |
| Capital Gain Net Income | $35,663,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $481,889 |
| Total Revenue | $48,814,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $686,219 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $32,018 |
| Interest | $0 |
| Taxes | $587,386 |
| Depreciation | $0 |
| Occupancy | $142,690 |
| Travel, conferences, and meetings | $4,469 |
| Printing and publications | $0 |
| Other expenses | $68,131 |
| Total operating and administrative expenses | $2,526,613 |
| Contributions, gifts, grants paid | $10,121,486 |
| Total expenses and disbursements | $12,648,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,595,332 |
| 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 | $175,642,479 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,022,500 |
| Total assets | $198,260,311 |
| 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 | $432,794 |
| Total liabilities | $432,794 |
Grants Awarded
Over the last fiscal year, Richard K Lubin Family Foundation has awarded $10,121,486 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $5,000 |
ALZHEIMER'S DISEASE RESEARCH PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $1,000 |
BEACON ACADEMY PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $20,000 |
BELMONT GOLF SCHOLARSHIP FUND PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $1,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $250,000 |
BIG BROTHERS BIG SISTERS PURPOSE: TO PROVIDE SUPPORT FOR THE NEEDS OF THE ORGANIZATION. | $35,000 |