Lou-Von Family Foundation

Organization Overview

Lou-Von Family Foundation is located in Sumter, SC. The organization was established in 2014. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lou-Von 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, Lou-Von Family Foundation generated $346.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $438.0k during the year ending 12/2022. While expenses have increased by 23.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

IS TO ENCOURAGE, SUPPORT AND CONDUCT PROGRAMS AND ACTIVITIES THAT OPEN OPPORTUNITIES AND CREATE PATHWAYS TO IMPROVED QUALITY OF LIFE FOR INDIVIDUALS AND FAMILIES THAT HAVE NOT BEEN ABLE TO FULLY BENEFIT FROM THE AMERICAN DREAM

Describe the Organization's Program Activity:

Part 3 - Line 4a

BEAUTIFUL POSSIBILITIES SCHOLARSHIP INITIATIVE AT MORRIS COLLEGE IN SUMTER SCTHE BEAUTIFUL POSSIBILITIES SCHOLARSHIP INITIATIVE AT MORRIS COLLEGE IS A PRIVATELY FUNDED SCHOLARSHIP AWARD PROGRAM AIMED AT SUPPORTING UNDERREPRESENTED STUDENTS WHO STRIVE FOR A COLLEGE EDUCATION BUT DONT HAVE THE FINANCIAL MEANS BY WHICH TO ATTEND. THE NUMBER OF STUDENTS FROM MINORITY BACKGROUNDS THAT HAVE THE DESIRE AND ACADEMIC STANDING, HAS MORE THAN TRIPLED IN THE STATE OF SOUTH CAROLINA. THESE STUDENTS ARE MORE TIMES THAN NOT, THE FIRST PERSON IN THEIR FAMILIES THAT HAVE PERFORMED AT AN ACADEMIC LEVEL THAT SHOULD ENSURE THEIR COLLEGE ATTENDANCE. HOWEVER, LACK OF FUNDS AND LITTLE OR NO FINANCIAL RESOURCES CAN ACT AS A DETERRENT TO STUDENTS SEEKING TO BETTER THEMSELVES THROUGH HIGHER EDUCATION. BY OFFERING THESE STUDENTS A FULL SCHOLARSHIP WHICH UNDERWRITES THEIR TUITION, ROOM AND BOARD, BOOKS AND MEALS IS A DREAM COME TRUE FOR STUDENTS WHO, AT ONE TIME, THOUGHT THE ONLY OPTI THE BEAUTIFUL POSSIBILITIES SCHOLARSHIP SERVES AS A SPRING BOARD FOR OUR COUNTRYS YOUTH TO BETTER EDUCATE THEMSELVES AS THEY EXPLORE THE OPPORTUNITIES THAT THEY ONCE FELT WAS THERE FOR SOMEONE ELSE. THE PROGRAM AIMS TO EDUCATE STUDENTS FROM DIVERSE BACKGROUNDS WHOSE FAMILY HERITAGE ARRIVED IN THIS COUNTRY THROUGH OPPORTUNITIES AIMED AT FRESH STARTS, SECOND CHANCES AND FORCED RELOCATIONS. THE SCHOLARSHIP IS NOT MEANT TO BE A HAND OUT OR A BANDAGE TO AN ONGOING PROBLEM. IT IS AN OPPORTUNITY TO UNLOCK THE DOOR TO HIDDEN OPPORTUNITIES THAT GENERATIONS BEFORE COULDNT IMAGINE FOR THEMSELVES BUY PRAYED AND WORKED FOR THE DAY WHEN FUTURE GENERATIONS WOULD BE RECOGNIZED FOR THEIR INTELLECT AND DRIVE.


THE LOUVON FAMILY FOUNDATION ADDRESSES THE QUALITY OF LIFE FOR THE UNDERPRIVILEGED MEMBERS OF THE COMMUNITY AS A WHOLE WITH SPECIFIC ATTENTION DEDICATED TO OUR SENIOR CITIZENS. IN ADDITION TO FINANCIAL SUPPORT PROVIDED TO PERSONS IN NEED OF MEDICAL ATTENTION , PHARMACY NEEDS, HEATING AND AIR CONDITIONING, CLOTHING AND ASSISTANCE WITH HOUSING NEEDS, LOUVON HAS PARTNERED WITH LOCAL GROUPS AND ORGANIZATIONS WHOSE MISSION IS SAME OR SIMILAR BUT HAVE MORE FINANCIAL MEANS THAN WE HAVE FOR PROJECTS THAT NEED ADDITIONAL FINANCING. ADDITIONALLY, WE ARE STRENGTHENING OUR PARTNERSHIPS WITH THE MENTAL HEALTH COMMUNITY AS WELL AS OTHER RESOURCES THAT CAN OFFER MORE CONCENTRATED SUPPORT TO INCLUDE LICENSED PRACTITIONERS IN HEALTH FIELDS. WE ARE EXPERIENCING AN INCREASE IN REQUESTS FOR SUPPORT AND ASSISTANCE IN AREAS SUCH AS DEPRESSION, JUVENILE MENTAL HEALTH, HOMELESSNESS AND CARE FOR MENTALLY CHALLENGED YOUTH. THESE REQUEST CAN RANGE FROM OFFICE VISITS TO DAYCARE AN


COATS FOR KIDS IS A PROGRAM GIVES BRAND NEW COATS TO CHILDREN IN THE SUMTER COMMUNITY AND THE OUTLYING COUNTIES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$339,837
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$339,837
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,450
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $346,287

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