L A W Foundation Inc
- Assets
- $214.5m
- Revenue
- $26.6m
- Investments
- $208.5m
- Employees
- 0
- Location
- Short Hills, NJ
- Founding
- 08/1991
- Data as of
- 12/2021
- EIN
- 22-3074635
Organization Overview
L A W Foundation Inc is located in Short Hills, NJ. The organization was established in 1991. 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. L A W 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 12/2021, L A W Foundation Inc generated $26.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $10.8m during the year ending 12/2021. While expenses have increased by 7.8% per year over the past 7 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 2014, L A W Foundation Inc has awarded 650 individual grants totaling $59,498,957. 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 |
|---|---|---|---|
Leonard Wilf Trustee, Chairman & President | 0.25 | $0 | |
Orin Wilf Trustee & Vice President | 0.25 | $0 | |
Beth Wilf Trustee, Secretary & Treasurer | 0.25 | $0 | |
Zygmunt Wilf Trustee | 0.25 | $0 | |
Halle Wilf Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,602,648 |
| Interest on Savings | $895 |
| Dividends & Interest | $5,790,522 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,343,652 |
| Capital Gain Net Income | $10,723,408 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,831,581 |
| Total Revenue | $26,569,298 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,603 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $315,722 |
| Total operating and administrative expenses | $698,456 |
| Contributions, gifts, grants paid | $10,132,300 |
| Total expenses and disbursements | $10,830,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,920,577 |
| 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 | $73,810,513 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $214,468,493 |
| 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, L A W Foundation Inc has awarded $10,132,300 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK PRESBYTERIAN FUND PURPOSE: GENERAL | $2,000,000 |
New York, NY PURPOSE: GENERAL | $1,000,000 |
New York, NY PURPOSE: GENERAL | $500,000 |
JEWISH FOUNDATION OF THE GREATER METROWEST PURPOSE: GENERAL | $500,000 |
Brooklyn, NY PURPOSE: GENERAL | $400,000 |
New York, NY PURPOSE: GENERAL | $400,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |