Lafon Family Foundation Inc
- Assets
- $802.7k
- Revenue
- -$26.1k
- Investments
- $120.4k
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 46-1595475
Organization Overview
Lafon Family Foundation Inc is located in Charleston, WV. 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. Lafon Family 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.
Since 2016, Lafon Family Foundation Inc has awarded 46 individual grants totaling $375,850. 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 |
|---|---|---|---|
Luther L Lafon President | 1 | $0 | |
Mary Lafon Vice President | 1 | $0 | |
Evelyn Lafon Secretary | 1 | $0 | |
Chris Lafon Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,900 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,016 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$26,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $88 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,068 |
| Contributions, gifts, grants paid | $58,200 |
| Total expenses and disbursements | $66,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $682,270 |
| 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 | $802,670 |
| 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, Lafon Family Foundation Inc has awarded $58,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOONE COUNTY WVU ALUMNI CHAPTER PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROMOTE, SUPPORT,AND PROVIDE ASSISTANCE TO WEST VIRGINIA UNIVERSITY, ITS AFFILIATEDENTITIES AND ITS BOONE COUNTY STUDENTS; TO UNITE THOSE INDIVIDUALSWHO DESIRE TO DEDICATE THEIR EFFORTS TO THE BETTERMENT OF WEST VIRGINIA UNIVERSITY BY SUCH ACTIVITIES, AND TO ENCOURAGE CLOSER FELLOWSHIPAND ESTABLISH BETTER UNDERSTANDING BETWEEN THE UNIVERSITY, THE ALUMNI,STUDENTS, FORMER STUDENTS AND FRIENDS OF WEST VIRGINIA UNIVERSITY IN THIS AREA. | $1,000 |
CLEVELAND CLINIC FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE BETTER CARE OF THE SICK, INVESTIGATION IN THEIR PROBLEMS AND FURTHER EDUCATION OF THOSE WHO SERVE. | $5,000 |
CHIEF CORNSTALK COUNCILBUCKSKIN COUNCEL BSA PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE SCOUTING PROGRAMS THAT HELPS YOUTH DEVELOP ACADEMIC SKILLS, SELF-CONFIDENCE, ETHICS, LEADERSHIP SKILLS, AND CITIZENSHIP SKILLS THAT INFLUENCE THEIR ADULT LIVES. | $2,500 |
TERRA COTTA CHARITIES PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO CONDUCT THE TERRA COTTA INVITATIONAL GOLF TOURNAMENT AND DONATE ALL NET PROCEEDS GENERATED BY THE TOURNAMENT TO LOCAL CHARITIES BENEFITTING CHILDREN. | $2,200 |
WVU FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO ENRICH LIVES OF THOSE TOUCHED BY WEST VIRGINIA UNIVERSITY BY MAXIMIZING PRIVATE CHARITABLE SUPPORT AND PROVIDING SERVICES TO THE UNIVERSITY AND IT'S AFFILIATED ORGANIZATIONS. | $40,000 |
HUNGRY LAMB FOOD INITIATIVE INC PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION TO PROVIDE SUPPORT TO FOOD BANK PROGRAMS. | $7,500 |