The Leon Levine Foundation
- Assets
- $721.8m
- Revenue
- $102.0m
- Investments
- $719.0m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1981
- Data as of
- 06/2022
- EIN
- 58-1427515
Organization Overview
The Leon Levine Foundation is located in Charlotte, NC. The organization was established in 1981. 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. Leon Levine 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 06/2022, Leon Levine Foundation generated $102.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $34.5m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 3 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 2020, Leon Levine Foundation has awarded 1,522 individual grants totaling $242,863,349. 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 |
|---|---|---|---|
Leon Levine Chairman/ceo | 0 | $0 | |
Sandra Levine Secretary/vp | 0 | $0 | |
Tom Lawrence Treasurer/president | 20 | $351,930 | |
Michael Richardson Director/sr. Program Officer | 26 | $226,490 | |
Michael Tarwater Director/senior Advisor | 30 | $165,714 | |
Larry Polsky Director/senior Advisor | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,600,040 |
| Interest on Savings | $4,130,245 |
| Dividends & Interest | $10,114,651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $55,880,105 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $83,113,115 |
| Total Revenue | $101,958,051 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $744,134 |
| Other employee salaries and wages | $914,980 |
| Pension plans, employee benefits | $277,386 |
| Interest | $0 |
| Taxes | $331,730 |
| Depreciation | $26,742 |
| Occupancy | $6,384 |
| Travel, conferences, and meetings | $5,494 |
| Printing and publications | $0 |
| Other expenses | $54,631 |
| Total operating and administrative expenses | $4,587,533 |
| Contributions, gifts, grants paid | $29,951,659 |
| Total expenses and disbursements | $34,539,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,250,961 |
| 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 | $44,458 |
| Investments—mortgage loans | $0 |
| Investments—other | $719,014,319 |
| Net Land, buildings, and equipment | $75,470 |
| Other assets | $417,052 |
| Total assets | $721,802,260 |
| Accounts payable and accrued expenses | $17,741 |
| Grants payable | $50,656,898 |
| 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 | $50,674,639 |
Grants Awarded
Over the last fiscal year, The Leon Levine Foundation has awarded $80,608,557 in support to 557 organizations.
| Grant Recipient | Amount |
|---|---|
A CHILD'S HAVEN INC - 2022 - GENERAL SUPPORT PURPOSE: OPERATIONAL SUPPORT | $75,000 |
ADA JENKINS FAMILIES AND CAREER DEVELOPMENT CENTER INC - 2022 - GENE PURPOSE: OPERATIONAL SUPPORT | $50,000 |
ADDLESTONE HEBREW ACADEMY - 2022 - GENERAL SUPPORT PURPOSE: OPERATIONAL SUPPORT | $30,000 |
AFFINITY HEALTH CENTER - 2022 - GENERAL SUPPORT PURPOSE: OPERATIONAL SUPPORT | $40,000 |
ALEXANDER YOUTH NETWORK - 2022 - GENERAL SUPPORT PURPOSE: OPERATIONAL SUPPORT | $125,000 |
ALLIANCE MEDICAL MINISTRY - 2022 - GENERAL SUPPORT PURPOSE: OPERATIONAL SUPPORT | $40,000 |