William Lawrence & Blanche Hughes Foundation
- Assets
- $158.9m
- Revenue
- $14.9m
- Investments
- $145.7m
- Employees
- 0
- Location
- Agoura Hills, CA
- Founding
- 12/1997
- Data as of
- 03/2023
- EIN
- 95-4536657
Organization Overview
William Lawrence & Blanche Hughes Foundation is located in Agoura Hills, CA. The organization was established in 1997. 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. William Lawrence & Blanche Hughes 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 03/2023, William Lawrence & Blanche Hughes Foundation generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $4.4m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, William Lawrence & Blanche Hughes Foundation has awarded 11 individual grants totaling $14,451,557. 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 |
|---|---|---|---|
Tamara Gustavson President/director | 5 | $0 | |
Regina Reed VP | 4 | $0 | |
Benjamin Logan Vp/secretary | 0.3 | $0 | |
Anita Mcintyre Treasurer/assistant Secretary | 1 | $0 | |
David Goldberg Director | 0.1 | $0 | |
Eric Gustavson Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,390,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,469,121 |
| Capital Gain Net Income | $5,469,121 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,859,492 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $165,250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,390 |
| Total operating and administrative expenses | $296,400 |
| Contributions, gifts, grants paid | $4,075,000 |
| Total expenses and disbursements | $4,371,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,099 |
| Savings and temporary cash investments | $12,814,109 |
| 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 | $3,041 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $158,871,676 |
| Accounts payable and accrued expenses | $30,250 |
| 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 | $30,250 |
Grants Awarded
Over the last fiscal year, William Lawrence & Blanche Hughes Foundation has awarded $4,075,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL LOS ANGELES PURPOSE: MEDICAL RESEARCH | $275,000 |
CHILDREN'S NATIONAL MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $100,000 |
BRITISH COLUMBIA'S CHILDREN'S HOSPITAL PURPOSE: MEDICAL RESEARCH | $175,000 |
SEATTLE CHILDREN'S HOSPITAL FOUNDATION PURPOSE: MEDICAL RESEARCH | $3,000,000 |
RILEY CHILDREN'S ENDOWMENT PURPOSE: MEDICAL RESEARCH | $525,000 |