Lwl Foundation
- Assets
- $1.6m
- Revenue
- $39.1k
- Investments
- $750.0k
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 26-3026425
Organization Overview
Lwl Foundation is located in Newport Beach, CA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lwl 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, Lwl Foundation generated $39.1k 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 (15.4%) each year. All expenses for the organization totaled $271.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lwl Foundation has awarded 71 individual grants totaling $2,112,562. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATE CASH TO VARIOUS SELECTED 501( C)(3) PUBLIC CHARITIES
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,719 |
| Dividends & Interest | $24,427 |
| 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 | $39,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $50 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,106 |
| Total operating and administrative expenses | $4,156 |
| Contributions, gifts, grants paid | $267,000 |
| Total expenses and disbursements | $271,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,576 |
| Savings and temporary cash investments | $0 |
| 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 | $624,527 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $750,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,600,103 |
| 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, Lwl Foundation has awarded $267,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG AMERICANS PURPOSE: DONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIES | $200,000 |
ASSISTANCE LEAGUE OF IRVINE PURPOSE: DONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIESDONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIES | $30,000 |
ECHO PURPOSE: DONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIES | $5,000 |
MEDIA RESEARCH CENTER PURPOSE: DONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIESDONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIES | $10,000 |
UC SANTA CRUZ FOUNDATION PURPOSE: DONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIES | $17,000 |
PREGNANCY SUPPORT SERVICES PURPOSE: DONATE CASH TO VARIOUS 501 (C)(3) PUBLIC CHARITIES | $5,000 |