Leonard Litz Foundation
- Assets
- $619.4k
- Revenue
- $1.2m
- Investments
- $557.1k
- Employees
- 0
- Location
- Fairfield, CT
- Founding
- Data as of
- 12/2021
- EIN
- 84-3686034
Organization Overview
Leonard Litz Foundation is located in Fairfield, CT. 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. Leonard Litz 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, Leonard Litz Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 42.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Leonard Litz Foundation has awarded 80 individual grants totaling $1,613,000. 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 |
|---|---|---|---|
Colin Hosten Trustee/director | 40 | $58,500 | |
Jeff Arnold Trustee | 1 | $12,000 | |
Andrew Mitchell-Namdar Trustee | 1 | $3,000 | |
Roger A Litz Trustee | 1 | $0 | |
F Elliot Leonard Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,208,850 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,491 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,208,210 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $73,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $5,348 |
| Occupancy | $23,912 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,142 |
| Total operating and administrative expenses | $304,095 |
| Contributions, gifts, grants paid | $771,000 |
| Total expenses and disbursements | $1,075,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,132 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $557,054 |
| Net Land, buildings, and equipment | $3,248 |
| Other assets | $0 |
| Total assets | $619,434 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Leonard Litz Foundation has awarded $1,542,000 in support to 78 organizations.
| Grant Recipient | Amount |
|---|---|
Norwalk, CT PURPOSE: COMMUNITY GRANT/COVID RELIEF/LGBT ADVOCACY | $86,000 |
Norwalk, CT PURPOSE: COMMUNITY GRANT/COVID RELIEF/LGBT ADVOCACY | $86,000 |
LAMDA LEGAL PURPOSE: COMMUNITY GRANT/COVID RELIEF/LGBT ADVOCACY | $62,500 |
LAMDA LEGAL PURPOSE: COMMUNITY GRANT/COVID RELIEF/LGBT ADVOCACY | $62,500 |
Allentown, PA PURPOSE: COMMUNITY GRANT/COVID RELIEF/LGBT ADVOCACY | $55,000 |
Allentown, PA PURPOSE: COMMUNITY GRANT/COVID RELIEF/LGBT ADVOCACY | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |