La Vida Feliz Foundation
- Assets
- $378.1m
- Revenue
- $9.9m
- Investments
- $171.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-1622021
Organization Overview
La Vida Feliz Foundation is located in Wilmington, DE. The organization was established in 2009. 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. LA Vida Feliz 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 12/2021, LA Vida Feliz Foundation generated $9.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $25.1m during the year ending 12/2021. While expenses have increased by 1.7% 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62,124 |
| Dividends & Interest | $964,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,295,143 |
| Capital Gain Net Income | $4,857,988 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,616,806 |
| Total Revenue | $9,938,777 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $256,214 |
| Taxes | $98,537 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $713,345 |
| Total operating and administrative expenses | $1,101,552 |
| Contributions, gifts, grants paid | $24,000,000 |
| Total expenses and disbursements | $25,101,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,403,473 |
| 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 | $1,251,083 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $141,556,019 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $499,500 |
| Total assets | $378,082,667 |
| 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, La Vida Feliz Foundation has awarded $14,160,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: LA VIDA FELIZ FOUNDATION ACCOUNT #1027413 | $14,100,000 |
Boston, MA PURPOSE: U.N. SOLUTIONS SUMMIT SUPPORT PROJECT | $50,000 |
New York, NY PURPOSE: LOWER EAST SIDE PRESERVATION INITIATIVE (L.E.S.P.I.) | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |