Laidir Foundation
- Assets
- $43.9m
- Revenue
- $7.5m
- Investments
- $37.4m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 47-2519767
Organization Overview
Laidir Foundation is located in Seattle, WA. The organization was established in 2015. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Laidir 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, Laidir Foundation generated $7.5m 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 (10.1%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Laidir Foundation has awarded 46 individual grants totaling $10,438,029. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
TO BENEFIT ORGANIZATIONS FOR CHARITABLE, SCIENTIFIC, LITERARY, EDUCATIONAL OR RELIGIOUS PURPOSES. DETAIL SHOWN IN PART XV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Lonergan Director, President & Trea | 5 | $0 | |
Matthew Mcbay Director, Vice President & | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,768,108 |
| Interest on Savings | $878 |
| Dividends & Interest | $354,824 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,339,722 |
| Capital Gain Net Income | $4,339,722 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,463,532 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,109 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $338,236 |
| Total operating and administrative expenses | $356,608 |
| Contributions, gifts, grants paid | $2,365,960 |
| Total expenses and disbursements | $2,722,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $736,218 |
| Savings and temporary cash investments | $5,764,949 |
| 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 | $6,717,808 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,862,995 |
| 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, Laidir Foundation has awarded $2,365,960 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Seattle, WA PURPOSE: TO FURTHER THE MISSION OF SIGHTLINE INSTITUTE'S HOUSING AND URBANISM PROGRAM. | $525,000 |
San Francisco, CA PURPOSE: TO FURTHER THE MISSION OF CENTRE FOR EFFECTIVE ALTRUISM USA IN SUPPORT OF THE EA INFRASTRUCTURE FUND. | $500,000 |
Washington, DC PURPOSE: TO FURTHER THE MISSION OF IPA TO DISCOVER AND PROMOTE EFFECTIVE SOLUTIONS TO GLOBAL POVERTY PROBLEMS. | $350,000 |
San Francisco, CA PURPOSE: TO FURTHER THE MISSION OF CENTRE FOR EFFECTIVE ALTRUISM USA. | $200,000 |
Washington, DC PURPOSE: TO FURTHER THE MISSION OF ISSUE ONE IN SUPPORT OF THE REBUILD CONGRESS INITIATIVE. | $200,000 |
San Francisco, CA PURPOSE: TO SUPPORT NOORA HEALTH'S WORK TO TRAIN CAREGIVERS TO IMPROVE PATIENT OUTCOMES. | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Board Of Trustees Agc Trust Of Montana Spokane, WA | $18,871,331 | $11,144,345 |
Wattis Dumke Foundation Inc Ketchum, ID | $124,566 | $75,918 |
Tongass Timber Trust Mukilteo, WA | $5,700,029 | $5,800,281 |
The Dalai Lama Foundation Shoreline, WA | $6,300,895 | $851,528 |
Carrico Family Foundation Medford, OR | $33,120,720 | $4,067,868 |
One Call For All Bainbridge Island, WA | $2,280,086 | $2,720,804 |
Laidir Foundation Seattle, WA | $43,862,995 | $7,463,532 |
The Berwick Degel Family Foundation Seattle, WA | $7,563,453 | $2,078,571 |
Martin Fabert Foundation Seattle, WA | $16,791,263 | $328,208 |
Austin Family Foundation Newberg, OR | $30,047,559 | $1,660,315 |
Bellarmine Benefactors Trust Spokane, WA | $24,555,171 | $2,993,701 |
Carrie Lewith Charitable Trust Bainbridge Island, WA | $11,195,908 | $406,477 |