Almar Foundation

Organization Overview

Almar Foundation is located in New Orleans, LA. The organization was established in 1997. 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. Almar 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 12/2021, Almar Foundation generated $975.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $981.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Almar Foundation has awarded 627 individual grants totaling $5,063,168. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $12
Dividends & Interest $338,391
Net Rental Income$0
Net Gain on Sale of Assets $617,034
Capital Gain Net Income $617,034
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $20,343
Total Revenue $975,780

Grants Awarded

Over the last fiscal year, Almar Foundation has awarded $807,733 in support to 111 organizations.

Grant RecipientAmount

UNIVERSITY OF HOLY CROSS

Org PageRecipient Profile

New Orleans, LA

PURPOSE: OPERATIONS

$60,000

CATHOLIC CHARITIES

PURPOSE: OPERATIONS

$53,000

JUVENILE DIABETES RESEARCH FOUNDATION

PURPOSE: OPERATIONS

$35,333

MOUNT CARMEL ACADEMY

Org PageRecipient Profile

New Orleans, LA

PURPOSE: SCHOLARSHIPSEDUCATION/OPERATIONS

$35,000

TEXAS CHILDREN'S HOSPITAL

PURPOSE: EXPANSION OF WING

$31,250

BASTIAN COMMUNITY OF RESILIENCE

Org PageRecipient Profile

New Orleans, LA

PURPOSE: OPERATIONS-VAN

$30,000
View Grant Profile

Peer Organizations

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