Litow Family Foundation
- Assets
- $4.6m
- Revenue
- $111.2k
- Investments
- $4.0m
- Employees
- 0
- Location
- Newark, DE
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 46-1532010
Organization Overview
Litow Family Foundation is located in Newark, DE. The organization was established in 2015. 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. Litow 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, Litow Family Foundation generated $111.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $29.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (28.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Litow Family Foundation has awarded 226 individual grants totaling $1,771,800. 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 |
|---|---|---|---|
Jeffrey J Litow Director | 0 | $0 | |
Lori Boulter Litow Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $114,370 |
| Dividends & Interest | $82,959 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$89,931 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,844 |
| Total Revenue | $111,242 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $11,228 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,395 |
| Total operating and administrative expenses | $29,623 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $29,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $611,564 |
| 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 | $4,602,027 |
| 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, Litow Family Foundation has awarded $254,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: FINANCIAL SUPPORT | $5,000 |
DOCTORS WITHOUT BORDERS PURPOSE: MEDICAL SERVICES | $5,000 |
USC SCHOOL OF MEDICINE PURPOSE: MEDICAL EDUCATION | $30,000 |
LOS ANGELES FOOD BANK PURPOSE: FOOD FOR THE POOR | $20,000 |
VIEWPOINT SCHOOL PURPOSE: COLLEGE PREPARATORY SCHOOL | $1,000 |
UNITED NATIONS CHILDRENS FUND PURPOSE: CHILDREN'S SUPPORT | $2,000 |