The Laverack Family Foundation
- Assets
- $8.7m
- Revenue
- $911.5k
- Investments
- $5.0m
- Employees
- 0
- Location
- Old Greenwich, CT
- Founding
- 01/2003
- Data as of
- 11/2022
- EIN
- 56-2307477
Organization Overview
The Laverack Family Foundation is located in Old Greenwich, CT. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Laverack 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 11/2022, Laverack Family Foundation generated $911.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.5% each year . All expenses for the organization totaled $907.9k during the year ending 11/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Laverack Family Foundation has awarded 105 individual grants totaling $2,414,357. 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 |
|---|---|---|---|
William Laverack Trustee | 5 | $0 | |
Cordelia Laverack Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500 |
| Interest on Savings | $11,268 |
| Dividends & Interest | $204,297 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $688,420 |
| Capital Gain Net Income | $676,721 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $911,485 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $13,714 |
| Taxes | $35,150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $144,683 |
| Total operating and administrative expenses | $201,047 |
| Contributions, gifts, grants paid | $706,843 |
| Total expenses and disbursements | $907,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,761,648 |
| 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 | $1,820,666 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,733,148 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $10,000 |
| 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 | $10,000 |
Grants Awarded
Over the last fiscal year, The Laverack Family Foundation has awarded $683,721 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
BANNER LAKE CLUB PURPOSE: GENERAL PURPOSE | $31,000 |
BOYS & GIRLS CLUBS PURPOSE: GENERAL PURPOSE | $10,000 |
BROMLEY OUTING CLUB - JIFT PURPOSE: GENERAL PURPOSE | $5,000 |
CHOATE ROSEMARY HALL PURPOSE: EDUCATION | $2,000 |
DARIEN NATURE CENTER PURPOSE: GENERAL PURPOSE | $5,000 |
CHRIST MEMORIAL CHAPEL PURPOSE: GENERAL PURPOSE | $5,000 |