Lofberg Family Foundation
- Assets
- $3.6m
- Revenue
- $460.1k
- Investments
- $3.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-4915692
Organization Overview
Lofberg Family Foundation is located in Boston, MA. The organization was established in 2016. 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. Lofberg 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, Lofberg Family Foundation generated $460.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 41.8% each year . All expenses for the organization totaled $660.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lofberg Family Foundation has awarded 75 individual grants totaling $1,931,087. 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 |
|---|---|---|---|
Per Gh Lofberg Trustee | 2 | $0 | |
Margaret M Lofberg Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,176 |
| Dividends & Interest | $164,803 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $283,117 |
| Capital Gain Net Income | $283,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $460,096 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,318 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44 |
| Total operating and administrative expenses | $124,392 |
| Contributions, gifts, grants paid | $536,012 |
| Total expenses and disbursements | $660,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,677 |
| Savings and temporary cash investments | $285,805 |
| 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 | $3,606,368 |
| 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, Lofberg Family Foundation has awarded $536,012 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S ADVOCACY CENTER PURPOSE: CHARITABLE DONATIONCHARITABLE DONACHARITABLE DONATION | $20,000 |
COLUMBIA UNIVERSITY PURPOSE: CHARITABLE DONATION | $100,000 |
FOCUS PURPOSE: CHARITABLE DONATION | $60,000 |
FRIENDS ACADEMY PURPOSE: CHARITABLE DONATION | $138,670 |
INTERNATIONAL CIVIL SOCIETY ACTION NETWORK PURPOSE: CHARITABLE | $10,000 |
LGBT COMMUNITY CENTER PURPOSE: CHARITABLE DONATION | $25,000 |