The Monica Lester Charitable Trust
- Assets
- $0.0
- Revenue
- $843.3k
- Investments
- $10.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 81-1000768
Organization Overview
The Monica Lester Charitable Trust is located in Los Angeles, CA. The organization was established in 2016. 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. Monica Lester Charitable Trust 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, Monica Lester Charitable Trust generated $843.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $608.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Monica Lester Charitable Trust has awarded 45 individual grants totaling $3,715,000. 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 |
|---|---|---|---|
Frank Lee Trustee | 5 | $50,000 | |
Joel Levine Trustee | 5 | $50,000 | |
Paul Lester Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $8,305 |
| Profit on Inventory Sales | $0 |
| Other Income | $828,413 |
| Total Revenue | $843,267 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $158,204 |
| Contributions, gifts, grants paid | $450,000 |
| Total expenses and disbursements | $608,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,933,560 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Monica Lester Charitable Trust has awarded $580,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CEDARS-SINAI MEDICAL CENTER PURPOSE: SUPPORTING MEDICAL RESEARCH | $100,000 |
CHILDREN'S HOSPITAL PURPOSE: SUPPORTING MEDICAL RESEARCH | $50,000 |
CITY OF HOPE PURPOSE: FUNDING CANCER RESEARCH | $100,000 |
JEWISH COMMUNITY FOUNDATION PURPOSE: SUPPORTING HIGHER EDUCATION | $25,000 |
LOYOLA MARYMOUNT UNIVERSITY PURPOSE: SUPPORTING HIGHER EDUCATION | $150,000 |
PROSTATE CANCER FOUNDATION PURPOSE: FUNDING CANCER RESEARCH | $50,000 |