Margaret & Irvin Lesher Foundation
- Assets
- $2.7m
- Revenue
- $162.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 12/1970
- Data as of
- 12/2023
- EIN
- 25-6067843
Organization Overview
Margaret & Irvin Lesher Foundation is located in Pittsburgh, PA. The organization was established in 1970. 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.
For the year ending 12/2023, Margaret & Irvin Lesher Foundation generated $162.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $200.3k during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 8 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 2016, Margaret & Irvin Lesher Foundation has awarded 99 individual grants totaling $1,342,830. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO 26 STUDENTS FOR STUDY AT 13 COLLEGES/UNIVERSITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $91,873 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,517 |
| Capital Gain Net Income | $69,517 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,436 |
| Total Revenue | $162,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,533 |
| Total operating and administrative expenses | $5,293 |
| Contributions, gifts, grants paid | $194,996 |
| Total expenses and disbursements | $200,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $262,826 |
| 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 | $1,859,471 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,689,814 |
| 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, Margaret & Irvin Lesher Foundation has awarded $194,996 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COLE DAVIS PURPOSE: SCHOLARSHIPS | $11,925 |
HOLLY MURRAY PURPOSE: SCHOLARSHIPS | $11,925 |
CLAIRE DIGIAMMARINO PURPOSE: SCHOLARSHIPS | $4,196 |
GRACE HENRY PURPOSE: SCHOLARSHIPS | $11,925 |
GEORGIA CARMICHAEL PURPOSE: SCHOLARSHIPS | $11,925 |
ABIGAIL GRUVER PURPOSE: SCHOLARSHIPS | $11,925 |