Lowndes Foundation Inc
- Assets
- $12.0m
- Revenue
- $173.6k
- Investments
- $11.1m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 57-1027898
Organization Overview
Lowndes Foundation Inc is located in Boston, MA. The organization was established in 1995. 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. Lowndes Foundation Inc 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, Lowndes Foundation Inc generated $173.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lowndes Foundation Inc has awarded 51 individual grants totaling $2,590,000. 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 Lowndes III Pres/treas, As Required | 0 | $0 | |
Henrietta M Lowndes Sec/trustee, As Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $285,564 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$118,723 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,761 |
| Total Revenue | $173,602 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,539 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $109,542 |
| Total operating and administrative expenses | $198,731 |
| Contributions, gifts, grants paid | $955,000 |
| Total expenses and disbursements | $1,153,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $875,762 |
| 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 | $859,457 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,974,167 |
| 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, Lowndes Foundation Inc has awarded $955,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
MERCATUS CENTER PURPOSE: CONTRIBUTION | $50,000 |
INSTITUTE FOR JUSTICE PURPOSE: CONTRIBUTION | $30,000 |
FOUNDATION FOR ECONOMIC PURPOSE: CONTRIBUTION | $100,000 |
HERITAGE FOUNDATION PURPOSE: CONTRIBUTION | $50,000 |
THE INDEPENDENT INSTITUTE PURPOSE: CONTRIBUTION | $75,000 |
HILLSDALE COLLEGE PURPOSE: CONTRIBUTION | $50,000 |