Living Legacy Foundation
- Assets
- $0.0
- Revenue
- $19.6m
- Investments
- $125.8m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-3829140
Organization Overview
Living Legacy Foundation is located in Newport Beach, CA. The organization was established in 2018. 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. Living Legacy 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, Living Legacy Foundation generated $19.6m 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 (39.3%) each year. All expenses for the organization totaled $18.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Living Legacy Foundation has awarded 294 individual grants totaling $58,369,641. 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.
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 |
|---|---|---|---|
Alisha Ballard President/executive Director | 40 | $236,990 | |
Richard Hutcheson Jr Executive Vice President | 40 | $202,262 | |
Richard L Hutcheson CEO | 40 | $277,682 | |
Heather Mcgrath Senior Vice President | 40 | $171,653 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corient Capital Partners Llc | 12/30/21 | $79,542 |
Foundation Source | 12/30/21 | $166,900 |
Ubs Financial Services | 12/30/21 | $249,049 |
Fidelity | 12/30/21 | $142,677 |
Merrill Lynch | 12/30/21 | $96,729 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,794 |
| Dividends & Interest | $3,053,369 |
| Profit on Inventory Sales | $0 |
| Other Income | $345,597 |
| Total Revenue | $19,605,725 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $859,718 |
| Pension plans, employee benefits | $150,144 |
| Depreciation | $0 |
| Occupancy | $89,342 |
| Travel, conferences, and meetings | $731 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $2,779,011 |
| Contributions, gifts, grants paid | $15,270,465 |
| Total expenses and disbursements | $18,049,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $10,738,828 |
| Other assets | $45,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Living Legacy Foundation has awarded $16,533,004 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
147 MILLION ORPHANS FOUNDATION INC PURPOSE: GENERAL SUPPORT | $100,000 |
AMERICAN LEBANESE SYRIAN ASSOC CHAR INC PURPOSE: GENERAL SUPPORT | $250,000 |
BENNY PEREZ MINISTRIES PURPOSE: GENERAL SUPPORT | $100,000 |
ARTISTS IN CHRISTIAN TESTIMONY PURPOSE: GENERAL SUPPORT | $300,000 |
BREATH OF THE SPIRIT MINISTRIES INTERNATIONAL INC PURPOSE: GENERAL SUPPORT | $50,000 |
CENTRAL FUND OF ISRAEL PURPOSE: GENERAL SUPPORT | $100,000 |