Lofthouse Foundation
- Assets
- $0.0
- Revenue
- -$29.5k
- Investments
- $542.2k
- Employees
- 0
- Location
- Kaysville, UT
- Founding
- 02/2002
- Data as of
- 12/2020
- EIN
- 75-2982563
Organization Overview
Lofthouse Foundation is located in Kaysville, UT. The organization was established in 2002. 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. Lofthouse Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Lofthouse Foundation has awarded 40 individual grants totaling $201,951. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVED APPROVAL OF ITS GRANT-MAKING PROCEDURES FROM THE IRS IN FEBRUARY 2003 AND ISSUED GRANTS TO STUDENTS AT SIX UNIVERSITIES.
THE FOUNDATION MADE CONTRIBUTIONS TO ONE TAX-EXEMPT ORGANIZATION FOR GENERAL USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Stone Trustee | 1 | $0 | |
Deann R Stone Trustee | 1 | $0 | |
David Lehi Stone Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,040 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,714 |
| Total Revenue | -$29,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $6,172 |
| Contributions, gifts, grants paid | $28,800 |
| Total expenses and disbursements | $34,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,800 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lofthouse Foundation has awarded $44,901 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Farmington, UT PURPOSE: GENERAL FUND - HUMANITARIAN AID | $33,666 |
Caldwell, ID PURPOSE: SCHOLARSHIP | $2,500 |
UNIVERSITY OF IDAHO PURPOSE: SCHOLARSHIP | $2,500 |
Marietta, GA PURPOSE: SCHOLARSHIP | $2,068 |
BYU-IDAHO PURPOSE: SCHOLARSHIP | $1,667 |
Ontario, OR PURPOSE: SCHOLARSHIP | $1,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
Moreno Family Foundation Phoenix, AZ | $117,327,204 | $12,846,787 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
Py Foundation Artesia, NM | $56,655,367 | $3,921,217 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |
Merle Chambers Fund Denver, CO | $66,462,880 | $7,349,081 |
Gods Light In The Darkness Foundation Carlbad, NM | $31,530,012 | $790,978 |
Scott W And Betsy D Thornton Family Foundation Park City, UT | $4,627,448 | $2,183,609 |
Eugene V And Clare Thaw Charitable Trust Santa Fe, NM | $97,006,761 | $1,880,279 |
Maffei Foundation Denver, CO | $13,828,182 | $18,020,171 |
The Forsberg Charitable Foundation Scottsdale, AZ | $0 | $451,521 |
The Denver Health And Hospitals Foundation Denver, CO | $28,533,635 | $6,042,640 |