Lb Foundation

Organization Overview

Lb Foundation is located in Greenville, SC. The organization was established in 2019. 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. Lb 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 12/2022, Lb Foundation generated $63.8m in total revenue. All expenses for the organization totaled $435.3k during the year ending 12/2022. While expenses have increased by 115.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Lb Foundation has awarded 15 individual grants totaling $348,901. 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)Compensation
Laura Bell
President
$100,000
Beverly Nash Heidlberg
Vice Preside
$25,000
Eric Englebardt
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $63,331,851
Interest on Savings $406,852
Dividends & Interest $173,079
Net Rental Income$0
Net Gain on Sale of Assets -$72,000
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $63,839,782

Grants Awarded

Over the last fiscal year, Lb Foundation has awarded $214,797 in support to 6 organizations.

Grant RecipientAmount

SOTERIA COMMUNITY DEVELOPMENT

PURPOSE: EQUIPMENT

$100,000

FAMILY EFFECT

PURPOSE: RENOVATIONS

$25,000

SAFE HARBOR INC

PURPOSE: EQUIPMENT

$48,420

MILL VILLAGE MINISTRIES

PURPOSE: EQUIPMENT

$14,569

GREENVILLE FREE MEDICAL CLINIC

PURPOSE: EQUIPMENT

$28,591

YOUTHBASE

PURPOSE: UNUSED GRANT RETURN

-$1,783
View Grant Profile

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