Litowitz Family Foundation
- Assets
- $9.9m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Winnetka, IL
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-4103395
Organization Overview
Litowitz Family Foundation is located in Winnetka, IL. The organization was established in 2012. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litowitz Family 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, Litowitz Family Foundation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $25.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Litowitz Family Foundation has awarded 21 individual grants totaling $2,576,787. 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 |
|---|---|---|---|
Alec N Litowitz Director, President, Treasurer | 0 | $0 | |
Jennifer Leischner Litowitz Director, Secretary | 0 | $0 | |
Jack A Litowitz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,377 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,120,035 |
| Capital Gain Net Income | $7,120,035 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,174,412 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $23 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $38 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $25,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,929,086 |
| 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 | $9,929,086 |
| 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, Litowitz Family Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWESTERN UNIVERSITY DANCE MARATHON PURPOSE: GENERAL ADMINISTRATIVE | $5,000 |
WRITER'S THEATRE PURPOSE: GENERAL ADMINISTRATIVE | $25,000 |