The Lemelson Foundation
- Assets
- $488.5m
- Revenue
- $33.7m
- Investments
- $461.7m
- Employees
- 0
- Location
- Portland, OR
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 88-0391959
Organization Overview
The Lemelson Foundation is located in Portland, OR. The organization was established in 1998. 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. Lemelson 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, Lemelson Foundation generated $33.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $22.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Lemelson Foundation has awarded 289 individual grants totaling $76,861,014. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
INVENTION EDUCATION COMMUNITY OF PRACTICE - THE FOUNDATION ESTABLISHED AN INVENTION EDUCATION CONVENING FOCUSED ON BUILDING AN INVENTION COMMUNITY, DEVELOPED NEW PARTNERSHIPS BETWEEN PROGRAMS AND BUILT CONSENSUS AMONG RELEVANT STAKEHOLDERS ABOUT FRAMEWORKS, DEFINITIONS AND THEMATIC PRIORITIES IN INVENTION EDUCATION. THE FOUNDATION BROADENED THE ORIGINAL COMMUNITY TO INCLUDE GRANTEES AND PARTNERS FROM HIGHER EDUCATION. THE PROGRAM COVERED CONVENING COSTS (FOOD, PLANNING CONSULTANTS, AV, ATTENDEE TRAVEL SUPPORT, ETC.), AS WELL AS SUPPORTED ATTENDEES TO CONTINUE WORKING ON KEY TOPIC AREAS GLEANED (EX: RESEARCHING INVENTION EDUCATION, COMMUNICATIONS) FROM THE CONVENING.
ENGINEERING FOR ONE PLANET ("EOP") GRANTS COMMUNITY OF PRACTICE MANAGEMENT AND ENGAGEMENT - MOBILIZED BY THE FOUNDATION WITH THE ASSISTANCE OF A CONSULTANT, THE EOP INITIATIVE IS DEVELOPING AND SHARING TEACHING RESOURCES, DIRECTLY FUNDING CATALYTIC CURRICULAR CHANGES. EOP STAKEHOLDERS CO-DEVELOPED THE EOP FRAMEWORK TO FACILITATE CURRICULAR CHANGES. THE FRAMEWORK PROVIDES FACULTY WITH A HELPFUL MENU OF CORE AND ADVANCED SUSTAINABILITY LEARNING OUTCOMES AND ALIGNS TO REQUIREMENTS IN THE ABET ACCREDITATION STANDARDS.
ENGINEERING FOR ONE PLANET ("EOP") NETWORK LAUNCH, COMMUNICATIONS AND CONVENINGS - THE FOUNDATION LAUNCHED AN ACTIVE NETWORK OF ENGAGED STAKEHOLDERS TO ADVANCE THE VISION OF EOP; DEVELOPED SHARED BUY-IN AMONG STAKEHOLDERS TO ADVANCE EOP AND IDENTIFY PRIORITY IDEAS, CONCERNS, AND OPPORTUNITIES AMONG INTERESTED STAKEHOLDERS; DEVELOPED COLLABORATIVE PROJECTS AMONG EOP STAKEHOLDERS; IDENTIFIED ADDITIONAL OPPORTUNITIES OR RESOURCES FOR ADVANCING EOP; AND INSPIRED AWARENESS ABOUT THE IMPORTANCE OF EQUIPPING ENGINEERS WITH EOP SKILLS AMONG KEY AUDIENCES SUCH AS ENGINEERING DEANS. THE NETWORK WAS ABLE TO SHARE LESSONS LEARNED AND INSPIRING STORIES OF CURRICULAR CHANGE USING EOP FRAMEWORK.
RESEARCH ON INVENTION BASED ENTERPRISES ("IBES") PIPELINE & CAPITAL ACCESS - RESEARCH AND ANALYSIS ON WHERE SUCCESSFUL IBES, AS A SEGMENT OF DEVELOPMENT FOCUSED ENTERPRISES, COME FROM AND HOW NETWORKS AND MECHANICS IN THE ECOSYSTEMS THAT THEY ARE A PART OF CONTRIBUTE TO THEIR SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Dahl See Statement 22 | 40 | $422,641 | |
Brian Doran See Statement 22 | 40 | $253,274 | |
Robert Schneider See Statement 22 | 40 | $241,884 | |
David Coronado Program Officer | 40 | $158,150 | |
Jennifer Burran Dir Of Grants Mgmnt | 40 | $151,752 | |
Pamela Kahl Communications Offic | 40 | $143,120 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiedemann Wealth Management | 12/30/21 | $643,048 |
Generation Im Global Equity Fund Llc | 12/30/21 | $510,104 |
Fundsmith Sustainable Equity Fund | 12/30/21 | $341,472 |
Marcho Partners Feeder Fund (Delaware) Lp | 12/30/21 | $330,809 |
The Silchester International Investors | 12/30/21 | $273,960 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,967 |
| Dividends & Interest | $3,666,325 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $25,562,861 |
| Capital Gain Net Income | $25,106,922 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,432,861 |
| Total Revenue | $33,726,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $917,799 |
| Other employee salaries and wages | $1,662,468 |
| Pension plans, employee benefits | $865,001 |
| Interest | $0 |
| Taxes | $955,972 |
| Depreciation | $49,680 |
| Occupancy | $260,543 |
| Travel, conferences, and meetings | $46,368 |
| Printing and publications | $37,878 |
| Other expenses | $411,782 |
| Total operating and administrative expenses | $9,940,981 |
| Contributions, gifts, grants paid | $12,511,529 |
| Total expenses and disbursements | $22,452,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,726,743 |
| Savings and temporary cash investments | $8,532,327 |
| 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 | $60,252 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $269,148,279 |
| Net Land, buildings, and equipment | $634,858 |
| Other assets | $12,865,094 |
| Total assets | $488,510,181 |
| Accounts payable and accrued expenses | $550,928 |
| 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 | $3,527,232 |
| Total liabilities | $4,078,160 |
Grants Awarded
Over the last fiscal year, The Lemelson Foundation has awarded $13,192,709 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
Hadley, MA PURPOSE: TO SUPPORT PROMISING, EARLY-STAGE STUDENT INVENTORS IN THE VENTURE DEVELOPMENT PROCESS, AND TO SUPPORT FACULTY TO CULTIVATE THE CONDITIONS THAT NURTURE STUDENT INVENTORS. | $3,080,447 |
Cambridge, MA PURPOSE: TO CONTINUE SUPPORT FOR THE LEMELSON-MIT PROGRAM INCLUDING THE LEMELSON-MIT PRIZE, STUDENT PRIZE PROGRAM, INVENTEAM PROGRAM, AND JV INVENTEAM INITIATIVE. | $1,500,000 |
Cambridge, MA PURPOSE: TO SEEK TO DEVELOP THE NEXT GENERATION OF INVENTORS, WITH A FOCUS ON DIVERSITY, EQUITY, AND INCLUSION, AND SPECIFICALLY TO EXPAND INCLUSIVE OPPORTUNITIES FOR ALL PEOPLE TO LEARN TO INVENT, PROTECT THEIR INTELLECTUAL PROPERTY, AND BRING CREATIONS TO INTENDED BENEFICIARIES; ADVANCE INVENTION EDUCATION AS A FIELD OF STUDY THROUGH SCHOLARLY RESEARCH THAT INFORMS POLICIES AND PRACTICES; AND EXPAND SUPPORT FOR INVENTORS AND INVENTION EDUCATION EDUCATORS WITHIN LOCAL COMMUNITIES THROUGH NEW POLICIES, PROGRAMS, COLLABORATIVE EFFORTS, AND CELEBRATORY EVENTS. | $1,150,000 |
KENYA CLIMATE INNOVATION CENTER PURPOSE: TO SUPPORT THE OPERATIONS OF A PROFESSIONAL ENGINEERING AND PROTOTYPING WORKSHOP SPACE IN NAIROBI, KENYA, THAT WILL CATER TO SCALABLE, INVENTION-BASED ENTERPRISES ADDRESSING THE NEEDS OF UNDERSERVED AFRICANS. | $540,245 |
Washington, DC PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT. | $500,000 |
Houston, TX PURPOSE: TO EXPAND A HIGHQUALITY INVENTION EDUCATION PROGRAM WITHIN MALAWI AND TANZANIA, AND TO DEVELOP AND DISSEMINATE GUIDELINES TO ENABLE OTHER INSTITUTIONS IN AFRICA TO LEARN FROM AND ADAPT BEST PRACTICES. | $468,909 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Lemelson Foundation has recieved totaling $6,975.
| Awarding Organization | Amount |
|---|---|
Community And Shelter Assist Corp Sherwood, OR PURPOSE: FINANCIAL LITERACY/CASE MANAGEMENT | $6,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friday Foundation Medina, WA | $32,805,393 | $16,602 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |