Lennox Foundation
- Assets
- $41.2m
- Revenue
- $1.1m
- Investments
- $39.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/1953
- Data as of
- 12/2022
- EIN
- 42-6053380
Organization Overview
Lennox Foundation is located in Wilmington, DE. The organization was established in 1953. 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. Lennox 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, Lennox Foundation generated $1.1m 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 (18.4%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Lennox Foundation has awarded 924 individual grants totaling $22,633,453. 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 |
|---|---|---|---|
Nick Booth Trustee, Co-Sec | 1 | $0 | |
Katie Concannon Trustee, Vice Chair | 1 | $0 | |
Jovan James Dir | 1 | $0 | |
Kristin Krahmer Dir | 1 | $0 | |
Kasey Mossey Dir | 1 | $0 | |
Laura Newman Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Investment Counsulting | 12/30/22 | $126,891 |
Foundation Source | 12/30/22 | $107,689 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,881 |
| Dividends & Interest | $1,093,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$126,057 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,284 |
| Total Revenue | $1,052,963 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $46,600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $15,434 |
| Printing and publications | $0 |
| Other expenses | $201,403 |
| Total operating and administrative expenses | $422,581 |
| Contributions, gifts, grants paid | $2,962,282 |
| Total expenses and disbursements | $3,384,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,916,827 |
| 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 | $7,729,433 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $41,243,563 |
| 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, Lennox Foundation has awarded $2,962,282 in support to 143 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY FOR GLOBAL CITIZENSHIP CHARTER SCHOOL PURPOSE: GENERAL SUPPORT | $7,500 |
AFRICAN WILDLIFE FOUNDATION PURPOSE: GENERAL SUPPORT | $2,500 |
AGA KHAN FOUNDATION USA PURPOSE: WARREN'S BEE CENTER - ARUSHA, TANZANIA | $7,500 |
ALLIANCE FOR COMMUNITIES IN ACTION INC PURPOSE: GENERAL SUPPORT | $7,500 |
ANIMAL FRIENDS RESCUE PROJECT PURPOSE: GENERAL | $7,500 |
ANIMAL SHELTER OF WOOD RIVER VALLEY PURPOSE: ROCKY'S FUND | $100,000 |