Luce-Fahey Family Foundation
- Assets
- $139.2k
- Revenue
- $255.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Florham Park, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 85-3205502
Organization Overview
Luce-Fahey Family Foundation is located in Florham Park, NJ. 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. Luce-Fahey Family 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, Luce-Fahey Family Foundation generated $255.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (36.7%) each year. All expenses for the organization totaled $316.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Luce-Fahey Family Foundation has awarded 11 individual grants totaling $1,111,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION (501)(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Luce Settlor And Trustee | 1 | $0 | |
Sean P Fahey Settlor And Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $254,525 |
| Interest on Savings | $747 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $255,272 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $4,525 |
| Contributions, gifts, grants paid | $311,500 |
| Total expenses and disbursements | $316,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,174 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $139,174 |
| 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, Luce-Fahey Family Foundation has awarded $311,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CROSSROADS SCHOOL FOR ARTS AND SCIENCES PURPOSE: GENERAL PURPOSE | $100,000 |
THE UCLA FOUNDATION PURPOSE: GENERAL PURPOSE | $75,000 |
FOOD EDUCATION FUND PURPOSE: GENERAL PURPOSE | $12,500 |
MATHEMATICAL SCIENCES RESEARCH INSTITUTE PURPOSE: GENERAL PURPOSE | $50,000 |
DUKE UNIVERSITY PURPOSE: GENERAL PURPOSE | $50,000 |
CANCER RESEARCH INSTITUTE PURPOSE: GENERAL PURPOSE | $24,000 |