Lundy Fetterman Family Foundation Tr Ua 10-16-13
- Assets
- $8.3m
- Revenue
- $674.4k
- Investments
- $8.2m
- Employees
- 0
- Location
- Clinton, NC
- Founding
- 05/2015
- Data as of
- 12/2022
- EIN
- 46-7069542
Organization Overview
Lundy Fetterman Family Foundation Tr Ua 10-16-13 is located in Clinton, NC. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Lundy Fetterman Family Foundation Tr Ua 10-16-13 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, Lundy Fetterman Family Foundation Tr Ua 10-16-13 generated $674.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.3% each year . All expenses for the organization totaled $608.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lundy Fetterman Family Foundation Tr Ua 10-16-13 has awarded 87 individual grants totaling $2,681,200. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LUNDY FETTERMAN FAMILY FOUNDATION TRUST DISTRIBUTED $500,000 TO 66 ORGANIZATIONS DURING THE YEAR ENDED 12/31/2022 FOR EDUCATIONAL AND CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mabel F Held Trustee | 3 | $0 | |
Bradford Kyle Held Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $170,619 |
| Interest on Savings | $2,629 |
| Dividends & Interest | $180,289 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $320,821 |
| Capital Gain Net Income | $320,821 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $674,358 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,144 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $79,336 |
| Total operating and administrative expenses | $108,278 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $608,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,815 |
| Savings and temporary cash investments | $92,506 |
| 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 | $3,273 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,304,947 |
| 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, Lundy Fetterman Family Foundation Tr Ua 10-16-13 has awarded $500,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
GRAVES MEMORIAL PRESBYTERIAN CHURCH PURPOSE: CHARITABLE | $5,000 |
CAMPBELL UNIVERSITY PURPOSE: EDUCATIONAL | $95,000 |
GUIDING EYES FOR THE BLIND PURPOSE: CHARITABLE | $12,500 |
THE HERITAGE FOUNDATION PURPOSE: CHARITABLE | $10,000 |
LEADERSHIP INSTITUTE PURPOSE: CHARITABLE | $20,000 |
MARY BALDWIN UNIVERSITY PURPOSE: EDUCATIONAL | $202,500 |