Lander Foundation
- Assets
- $48.7m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood, SC
- Founding
- 02/1975
- Data as of
- 06/2024
- EIN
- 57-0327816
Organization Overview
Lander Foundation, operating under the name The Lander Foundation, is located in Greenwood, SC. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lander 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 06/2024, Lander Foundation generated $4.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.9m during the year ending 06/2024. While expenses have increased by 0.5% per year over the past 9 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.
Since 2015, Lander Foundation has awarded 20 individual grants totaling $17,234,435. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE, HOLD, MANAGE, INVEST OR ARRANGE FOR INVESTING AND TO ACQUIRE BY GIFT, DEVISE, BEQUEST, PURCHASE, OR OTHERWISE, AND USE PROPERTY OF ANY KIND AND FUNDS IN FURTHERANCE OF THE WELFARE OF LANDER UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVEST IN AND MANAGE IN REAL ESTATE- THE ORGANIZATION ACQUIRES AND MANAGES PROPERTY TO BE USED FOR THE WELFARE OF THE ORGANIZATION AS WELL AS LANDER UNIVERSITY. THESE PROPERTIES ARE PRIMARILY USED FOR ADMINISTRATION PURPOSES, ATHLETIC FACILITIES, STUDENT HOUSING, AND MEETING SPACES AVAILABLE TO THE PUBLIC.
SCHOLARSHIPS- THE LANDER FOUNDATION PROVIDES FUNDS THROUGH SCHOLARSHIPS TO STUDENTS IN NEED.
FACULTY AND STAFF DEVELOPMENT AND RESEARCH- THE FOUNDATION FACULTY AND STAFF DEVELOPMENT COMMITTEE RECEIVES AND REVIEWS PROPOSALS AND AWARDS GRANTS REGARDING NEEDS OF THE UNIVERSITY, SUCH AS FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Dorn Director | Trustee | 0.1 | $0 |
Lashaye Hutchinson Director | Trustee | 0.1 | $0 |
Katherine Finkbeiner Director | Trustee | 0.1 | $0 |
Holly Bracknell Director | Trustee | 0.1 | $0 |
Chris Cabri Director | Trustee | 0.1 | $0 |
John Craig Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $991,503 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,017,883 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,009,386 |
| Total Program Service Revenue | $0 |
| Investment income | $617,122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $786,996 |
| Net Gain/Loss on Asset Sales | $134,092 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,547,596 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,055,599 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $137,734 |
| Fees for services: Accounting | $26,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,895 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $958 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $223,020 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $435,554 |
| Insurance | $11,035 |
| All other expenses | $0 |
| Total functional expenses | $3,855,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $649,943 |
| Pledges and grants receivable | $3,698,537 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,130 |
| Net Land, buildings, and equipment | $17,105,014 |
| Investments—publicly traded securities | $25,072,343 |
| Investments—other securities | $0 |
| Investments—program-related | $1,034,718 |
| Intangible assets | $0 |
| Other assets | $1,084,207 |
| Total assets | $48,651,892 |
| Accounts payable and accrued expenses | $206,565 |
| Grants payable | $0 |
| Deferred revenue | $286,440 |
| Tax-exempt bond liabilities | $7,900,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $520,547 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,736 |
| Total liabilities | $8,958,288 |
| Net assets without donor restrictions | $9,871,797 |
| Net assets with donor restrictions | $29,821,807 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,651,892 |
Grants Awarded
Over the last fiscal year, Lander Foundation has awarded $1,053,324 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LANDER UNIVERSITY PURPOSE: PROGRAMS FOR ACADEMICS AND ADMIN | $206,034 |
LANDER UNIVERSITY PURPOSE: RESTRICTED SCHOLARSHIPS | $847,290 |