Luther Burbank Corporation Foundation

Organization Overview

Luther Burbank Corporation Foundation is located in Santa Rosa, CA. The organization was established in 2017. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luther Burbank Corporation 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, Luther Burbank Corporation Foundation generated $428.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $311.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Luther Burbank Corporation Foundation has awarded 47 individual grants totaling $1,454,738. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MAKING CONTRIBUTIONS FOCUSED ON THE THREE PRIORITY AREAS OF (1) SOCIAL AND HUMAN SERVICES; (2) COMMUNITY DEVELOPMENT; AND (3) EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COMMUNITY DEVELOPMENT - THE FOUNDATION PROVIDES GRANT REQUESTS THAT SUPPORT THE IMPROVEMENT OF LOW-AND MODERATE-INCOME ("LMI") COMMUNITIES THOUGH PROGRAMS THAT: - CREATE AND SUSTAIN HOUSING - DESIGNATED AS AFFORDABLE AND/OR DEEMED IN FEDERAL DISASTER AREAS - PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING FINANCING FOR SMALL BUSINESS OR FARMS - PROVIDE JOB TRAINING AND WORKFORCE DEVELOPMENT


SOCIAL AND HUMAN SERVICES -THE FOUNDATION PROVIDES GRANT REQUESTS TO INDIVIDUALS AND TO SOCIAL AND HUMAN SERVICE ORGANIZATIONS WITHIN LMI COMMUNITIES TO: - PROVIDE BASIC NEEDS ASSISTANCE - ENSURE ACCESS TO HEALTH AND MENTAL HEALTH PROGRAMS - PROMOTE CHILD AND YOUTH SERVICES


EDUCATION - THE FOUNDATION PROVIDES GRANT REQUESTS TO SUPPORT ORGANIZATIONS THAT: - PROMOTE ACADEMIC ACHIEVEMENT FOR LMI STUDENTS WITH A PRIORITY EMPHASIS ON K-12 - PROVIDE TRAINING FOR TEACHERS AND ADMINISTRATORS WORKING WITH LMI STUDENTS - ENCOURAGE ACCESS TO TECHNICAL, POST-SECONDARY EDUCATION OPPORTUNITIES


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$381,281
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$46,731
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$428,012
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $428,012

Grants Awarded

Over the last fiscal year, Luther Burbank Corporation Foundation has awarded $165,000 in support to 6 organizations.

Grant RecipientAmount

NEIGHBORWORKS ORANGE COUNTY

Org PageRecipient Profile

Orange, CA

PURPOSE: Homebuyer assistance

$50,000

NEIGHBORHOOD HOUSING SERVICES OF LA

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: Housing programs

$40,000

JUNIOR ACHIEVEMENT OF N CA

Org PageRecipient Profile

Walnut Creek, CA

PURPOSE: Financial literacy education

$30,000

CATHOLIC CHARITIES OF THE DIOCESE OF SR

Org PageRecipient Profile

Santa Rosa, CA

PURPOSE: Project tackling poverty

$25,000

SONOMA COUNTY ECON DEVELOP BOARD

Org PageRecipient Profile

Santa Rosa, CA

PURPOSE: Expansion of business/jobs

$10,000

AMERICAN RED CROSS

Org PageRecipient Profile

Washington, DC

PURPOSE: CA wildfire victim support

$10,000
View Grant Profile

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