The Sharon D Lund Foundation
- Assets
- $122.2m
- Revenue
- $4.0m
- Investments
- $121.7m
- Employees
- 0
- Location
- Orange, CA
- Founding
- 09/1973
- Data as of
- 12/2022
- EIN
- 23-7306460
Organization Overview
The Sharon D Lund Foundation is located in Orange, CA. The organization was established in 1973. 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. Sharon D Lund 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 12/2022, Sharon D Lund Foundation generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $8.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Sharon D Lund Foundation has awarded 423 individual grants totaling $59,868,516. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Lund President | 3 | $0 | |
Karen Presley Vice President | 23 | $77,875 | |
Robert Wilson Secretary/treasurer | 3 | $0 | |
Eric Gowey Asst. Secretary/treasurer | 3 | $0 | |
Warren Specter Director | 3 | $0 | |
Marie Sackett Vice President | 20 | $77,875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bmo Family Office Llc | 12/30/22 | $150,000 |
Northern Trust Bank | 12/30/22 | $60,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,421 |
| Dividends & Interest | $1,236,118 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,336,850 |
| Capital Gain Net Income | $2,325,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $455,148 |
| Total Revenue | $4,046,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $155,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,139 |
| Interest | $0 |
| Taxes | $4,049 |
| Depreciation | $0 |
| Occupancy | $74,490 |
| Travel, conferences, and meetings | $2,055 |
| Printing and publications | $0 |
| Other expenses | $23,309 |
| Total operating and administrative expenses | $528,707 |
| Contributions, gifts, grants paid | $7,506,962 |
| Total expenses and disbursements | $8,035,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250 |
| Savings and temporary cash investments | $457,522 |
| 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 | $51,523,213 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $60,504 |
| Total assets | $122,245,660 |
| Accounts payable and accrued expenses | $38,670 |
| 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 | $398,630 |
| Total liabilities | $437,300 |
Grants Awarded
Over the last fiscal year, The Sharon D Lund Foundation has awarded $7,506,962 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE CALLED HOME PURPOSE: GENERAL OPERATIONS | $60,000 |
ART DIVISION PURPOSE: GENERAL OPERATIONS | $50,000 |
BEST BUDDIES PURPOSE: GENERAL OPERATIONS | $50,000 |
BRAKEN'S KITCHEN PURPOSE: GENERAL OPERATIONS | $80,000 |
BOYS AND GIRLS CLUB OF CENTRAL OC PURPOSE: GENERAL OPERATIONS | $75,000 |
BOYS AND GIRLS CLUB OF CENTRAL OC PURPOSE: BACKPACKS | $3,493 |