Lichterman-Loewenberg Foundation
- Assets
- $4.1m
- Revenue
- $502.5k
- Investments
- $3.5m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 02/1947
- Data as of
- 12/2022
- EIN
- 62-6048265
Organization Overview
Lichterman-Loewenberg Foundation is located in Memphis, TN. The organization was established in 1947. 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. Lichterman-Loewenberg 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, Lichterman-Loewenberg Foundation generated $502.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $348.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lichterman-Loewenberg Foundation has awarded 399 individual grants totaling $2,268,750. 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 |
|---|---|---|---|
Fredrika L Felt President | 1 | $0 | |
John Lichterman Vice Preside | 1 | $0 | |
Ilene Markell Secretary | 1 | $0 | |
A Barry Lichterman Treasurer | 1 | $0 | |
William Ira Loewenberg Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,263 |
| Interest on Savings | $3,819 |
| Dividends & Interest | $109,284 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $364,645 |
| Capital Gain Net Income | $56,260 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $514 |
| Total Revenue | $502,525 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,870 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,141 |
| Total operating and administrative expenses | $48,446 |
| Contributions, gifts, grants paid | $299,800 |
| Total expenses and disbursements | $348,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $616,662 |
| 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 | $2,540,034 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,778 |
| Total assets | $4,091,454 |
| 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, Lichterman-Loewenberg Foundation has awarded $299,800 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALL FIVE PURPOSE: PROGRAM RELATED | $500 |
UNIVERSITY OF MEMPHIS FOUNDATION PURPOSE: PROGRAM SERVICES | $100,000 |
MEMPHIS JEWISH FEDERATION PURPOSE: PROGRAM RELATED | $62,000 |
A STEP AHEAD PURPOSE: PROGRAM RELATED | $10,000 |
WOMEN'S FOUNDATION FOR GREATER MEMP PURPOSE: PROGRAM RELATED | $10,000 |
EXCEL CENTER PURPOSE: PROGRAM RELATED | $9,000 |