Legg Mason Charitable Foundation Inc
- Assets
- $2.5m
- Revenue
- $7.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 11/2000
- Data as of
- 03/2021
- EIN
- 31-1738146
Organization Overview
Legg Mason Charitable Foundation Inc is located in San Mateo, CA. The organization was established in 2000. 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. Legg Mason Charitable Foundation Inc 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 03/2021, Legg Mason Charitable Foundation Inc generated $7.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (71.1%) each year. All expenses for the organization totaled $2.1m during the year ending 03/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Legg Mason Charitable Foundation Inc has awarded 320 individual grants totaling $5,423,426. 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 |
|---|---|---|---|
Joseph A Sullivan Director/president | 1 | $0 | |
Peter H Nachtwey Vice President/treasurer | 1 | $0 | |
Jennifer Byers Vice President | 1 | $0 | |
Susan Cutler Vice President | 1 | $0 | |
Gregg D Gorman Vice President | 1 | $0 | |
Dana Jackson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,577 |
| Interest on Savings | $4,181 |
| Dividends & Interest | $257 |
| 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 | $7,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,470 |
| Total operating and administrative expenses | $9,470 |
| Contributions, gifts, grants paid | $2,129,365 |
| Total expenses and disbursements | $2,138,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $382,744 |
| Savings and temporary cash investments | $2,082,400 |
| 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 | $2,465,144 |
| Accounts payable and accrued expenses | $105 |
| 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 | $105 |
Grants Awarded
Over the last fiscal year, Legg Mason Charitable Foundation Inc has awarded $2,129,365 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING CLASSROOMS FOUNDATION PURPOSE: GENERAL PURPOSE GRANT/CONTRIBUTIONS | $394,499 |
New York, NY PURPOSE: GENERAL PURPOSE GRANT/CONTRIBUTIONS | $125,000 |
Montgomery, AL PURPOSE: GENERAL PURPOSE GRANT/CONTRIBUTIONS | $125,000 |
Stamford, CT PURPOSE: GENERAL PURPOSE GRANTS/CONTRIBUTIONS | $100,000 |
Washington, DC PURPOSE: GENERAL PURPOSE GRANT/CONTRIBUTIONS | $100,000 |
SAMUEL READY SCHOLARSHIPS INC PURPOSE: GENERAL PURPOSE GRANTS/CONTRIBUTIONS | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |