Lennar Foundation Inc
- Assets
- $124.3m
- Revenue
- $68.7m
- Investments
- $123.9m
- Employees
- 0
- Location
- Miami, FL
- Founding
- 05/1990
- Data as of
- 11/2023
- EIN
- 65-0171539
Organization Overview
Lennar Foundation Inc is located in Miami, FL. The organization was established in 1990. 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. Lennar 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 11/2023, Lennar Foundation Inc generated $68.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $32.9m during the year ending 11/2023. While expenses have increased by 5.5% per year over the past 4 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, Lennar Foundation Inc has awarded 290 individual grants totaling $92,714,434. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NONE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart A Miller Director | 1 | $0 | |
Waynewright Malcolm Director | 1 | $0 | |
Marshall Ames President/director | 39 | $632,272 | |
Allan Pekor Director | 1 | $0 | |
Shelley Rubin Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D1 Capital Partners Onshore | 11/29/23 | $366,908 |
The Baupost Group | 11/29/23 | $252,934 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,399,000 |
| Interest on Savings | $2,034,798 |
| Dividends & Interest | $180,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,646 |
| Capital Gain Net Income | $735,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,350 |
| Total Revenue | $68,708,768 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $632,272 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $9,299 |
| Interest | $0 |
| Taxes | $86,538 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67,073 |
| Total operating and administrative expenses | $1,443,039 |
| Contributions, gifts, grants paid | $31,454,190 |
| Total expenses and disbursements | $32,897,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $353,353 |
| 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 | $101,592,057 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $124,251,796 |
| Accounts payable and accrued expenses | $62,090 |
| 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 | $62,090 |
Grants Awarded
Over the last fiscal year, Lennar Foundation Inc has awarded $31,454,190 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION INC PURPOSE: THE SIX CARDIOLOGISTS WHO FOUNDED THE AMERICANHEART ASSOCIATION IN 1924 WOULD BE AMAZED. FROM HUMBLE BEGINNINGS, THE AHA HAS GROWN INTO THE NATION'S OLDEST AND LARGEST VOLUNTARY ORGANIZATION DEDICATED TO FIGHTING HEART DISEASE AND STROKE. OUR MISSION TO BE A RELENTLESS FORCE FOR A WORLD OF LONGER, HEALTHIER LIVES. | $10,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: AJC'S MISSION IS TO ENHANCE THE WELL-BEING OF THE JEWISH PEOPLE AND ISRAEL, AND TO ADVANCE HUMAN RIGHTS AND DEMOCRATIC VALUES IN THE UNITED STATES AND AROUND THE WORLD. | $10,000 |
AMIKIDS INC DBA AMIKIDS TAMPA PURPOSE: SINCE 1971, AMIKIDS TAMPA HAS BEEN DEDICATED TO HELPING KIDS DISCOVER THE POTENTIAL WITHIN THEM, TRANSFORM THEIR LIVES AND STRENGTHEN OUR COMMUNITY. LOCATED IN TAMPA, FLORIDA, AMIKIDS TAMPA EMPOWERS OUR KIDS THROUGH CARE AND GUIDANCE TO REACH THAT POTENTIAL AND, AS A RESULT, BREAK THE CYCLE OF FAILURE AND POVERTY. EVEN KIDS WITH A TROUBLED PAST HAVE THE POTENTIAL TO ACHIEVE A BRIGHT FUTURE, AND AMIKIDS TAMPA WORKS EVERY DAY TO SEPARATE THEIR TROUBLED PAST FROM A BRIGHT FUTURE. | $802,780 |
BALLARD FOOD BANK PURPOSE: BALLARD FOOD BANKS MISSION IS TO BRING FOOD AND HOPE TO OUR NEIGHBORS.BECAUSE THERE CAN BE ENOUGH FOR EVERYONE. TO ACHIEVE THIS MISSION, WE PROVIDE ACCESS TO NUTRITIOUS FOOD THROUGH OUR GROCERY-STYLE FOOD BANK, NO-COST CAFE, HOME DELIVERY, AND WEEKEND FOOD FOR KIDS PROGRAM. WE ALSO HOST THE COMMUNITY RESOURCE HUB, WHERE PARTNER ORGANIZATIONS OFFER A RANGE OF SERVICES LIKE HOUSING, MEDICAL CARE, AND VETERANS BENEFITS ALL UNDER ONE ROOF. | $10,000 |
BARRY UNIVERSITY INC PURPOSE: OUR CORE IDENTITY FOR OVER EIGHT DECADES WE ARE COMMITTED TO PROVIDING AN EDUCATIONAL EXPERIENCE THAT FOSTERS INDIVIDUAL AND COMMUNAL TRANSFORMATION. WE BELIEVE THAT LEARNING LEADS TO KNOWLEDGE AND TRUTH, REFLECTION LEADS TO INFORMED ACTION, AND A COMMITMENT TO SOCIAL JUSTICE LEADS TO COLLABORATIVE SERVICE. | $105,500 |
BROWARD COLLEGE FOUNDATION INC PURPOSE: ESTABLISHED IN 1971, THE BROWARD COLLEGE FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION AND THE OFFICIALLY DESIGNATED MEANS OF MAKING PRIVATE, CHARITABLE CONTRIBUTIONS TO BROWARD COLLEGE. OUR PURPOSE IS TO CHANGE LIVES THROUGH EDUCATION BY PROVIDING COMMUNITY AWARENESS, ADVOCACY AND FUNDING TO THE COLLEGE. THE FOUNDATION'S VOLUNTEER BOARD OF DIRECTORS WORKS CLOSELY WITH THE COLLEGE'S OFFICE OF ADVANCEMENT TO RAISE MONEY TO SUPPORT SCHOLARSHIPS, ACADEMIC PROGRAMS AND LEARNING FACILITY ENHANCEMENTS. WE BELIEVE PROVIDING THE OPPORTUNITY EDUCATION MAKES POSSIBLE TO THOSE WHO CAN BENEFIT FROM IT THE MOST IS CRUCIAL TO OUR COMMUNITY'S FUTURE. | $1,000,000 |