Lig-49 Foundation
- Assets
- $727.7k
- Revenue
- $8.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Belmont, MA
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 26-1470786
Organization Overview
Lig-49 Foundation is located in Belmont, MA. The organization was established in 2008. 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. Lig-49 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, Lig-49 Foundation generated $8.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $149.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lig-49 Foundation has awarded 60 individual grants totaling $364,098. 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 |
|---|---|---|---|
Stephen J Andrew Trustee | 1 | $0 | |
Maryanne L Andrew Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $616 |
| Dividends & Interest | $8,090 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,706 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,894 |
| Contributions, gifts, grants paid | $143,650 |
| Total expenses and disbursements | $149,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $727,661 |
| 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 | $0 |
| Total assets | $727,661 |
| 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, Lig-49 Foundation has awarded $143,650 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
MASS GENERAL HOSPITAL CANCER CENTER PURPOSE: RESEARCH AND TREATMENTOF PANCREATIC CANCER | $25,000 |
CHILDRENS ROOM PURPOSE: SUPPORT FOR GREIVINGCHILDREN, TEENS AND FAMILIES | $105,000 |
ARLINGTON BOYS & GIRLS CLUB PURPOSE: TO ENCOURAGE YOUNG PEOPLETO BECOME CARING AND RESPONSIBLE CITIZENS | $7,900 |
UMASS MEMORIAL FUND PURPOSE: PICU SUPPORT | $0 |
BOSTON SCORE PURPOSE: TEAM BASED EDUCATIONPROGRAMS | $0 |
MILLER TRACY FOUNDATION PURPOSE: ASSIST FAMILIESMEETING THE NEEDS OFTHEIR CHILDREN | $750 |