Iiegn Family Foundation
- Assets
- $7.7m
- Revenue
- $1.0m
- Investments
- $4.7m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-2222986
Organization Overview
Iiegn Family Foundation is located in Boston, MA. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Iiegn 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 12/2021, Iiegn Family Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (48.3%) each year. All expenses for the organization totaled $29.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian K Loring Co Ropes Gray Trustee | 0 | $0 | |
Isabelle P Loring Co Ropes Gray Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,275 |
| Dividends & Interest | $103,331 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $892,601 |
| Capital Gain Net Income | $892,601 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,387 |
| Total Revenue | $1,021,594 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,303 |
| Taxes | $54,544 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $181,328 |
| Contributions, gifts, grants paid | $28,897,828 |
| Total expenses and disbursements | $29,079,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,010,461 |
| Savings and temporary cash investments | $0 |
| 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 | $7,705,932 |
| 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, Iiegn Family Foundation has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON AMATEUR BASKETBALL CLUB PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $32,000 |
TEAM NEW ENGLAND YOUTH ACADEMY PURPOSE: TO ASSIST THE RECIPIENT IN CARRYING OUT ITS CHARITABLE PURPOSE. | $43,000 |