Lester Family Foundation
- Assets
- $626.8k
- Revenue
- $15.1k
- Investments
- $583.1k
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 94-3205279
Organization Overview
Lester Family Foundation is located in La Jolla, CA. The organization was established in 1994. 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. Lester 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 12/2023, Lester Family Foundation generated $15.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (41.2%) each year. All expenses for the organization totaled $246.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Lester Family Foundation has awarded 49 individual grants totaling $6,097,988. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Lester Co Kirk Lester President | 0 | $0 | |
Kirk Lester Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,459 |
| Capital Gain Net Income | $6,459 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $429 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $11,090 |
| Contributions, gifts, grants paid | $235,640 |
| Total expenses and disbursements | $246,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,666 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $80 |
| Total assets | $626,802 |
| 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, Lester Family Foundation has awarded $235,640 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EISENHOWER HEALTH FOUNDATION PURPOSE: GENERAL PURPOSE | $50,640 |
THE VILLAGE COMMUNITY PRESBYTERIAN CHURCH PURPOSE: GENERAL PURPOSE | $25,000 |
MCCALLUM THEATRE PURPOSE: GENERAL PURPOSE | $10,000 |
MD ANDERSON CANCER CENTER PURPOSE: GENERAL PURPOSE | $50,000 |
BOYS AND GIRLS CLUBS OF COACHELLA VALLEY PURPOSE: GENERAL PURPOSE | $10,000 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL PURPOSE | $25,000 |