Loweth-Alvord Foundation

Organization Overview

Loweth-Alvord Foundation is located in Wilmington, NC. The organization was established in 2011. 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. Loweth-Alvord 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, Loweth-Alvord Foundation generated $133.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.9% each year . All expenses for the organization totaled $58.5k during the year ending 12/2021. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Robert P Loweth
Trustee
$0
William A Loweth
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $19
Dividends & Interest $25,938
Net Rental Income$0
Net Gain on Sale of Assets $107,626
Capital Gain Net Income $107,626
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $133,583

Grants Awarded

Over the last fiscal year, Loweth-Alvord Foundation has awarded $53,750 in support to 42 organizations.

Grant RecipientAmount

ST MARK'S CHURCH

PURPOSE: GENERAL PURPOSES

$5,000

THE EPISCOPAL CHURCH OF CONNECTICUT

PURPOSE: GENERAL PURPOSES

$5,000

MYSTIC SEAPORT ADVANCEMENT OFFICE

PURPOSE: GENERAL PURPOSES

$5,000

NORTH CAROLINA COMMUNITY FOUNDATION

PURPOSE: GENERAL PURPOSES

$2,500

MAINE MARITIME ACADEMY

PURPOSE: GENERAL PURPOSES

$2,500

THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL

PURPOSE: GENERAL PURPOSES

$2,500
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