Thomas And Dorothy Leavey Foundation
- Assets
- $292.2m
- Revenue
- $22.6m
- Investments
- $283.2m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 06/1956
- Data as of
- 12/2022
- EIN
- 95-6060162
Organization Overview
Thomas And Dorothy Leavey Foundation is located in Los Angeles, CA. The organization was established in 1956. 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. Thomas And Dorothy Leavey 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, Thomas And Dorothy Leavey Foundation generated $22.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $13.6m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thomas And Dorothy Leavey Foundation has awarded 649 individual grants totaling $78,914,250. 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
2022
Describe the Organization's Program Activity:
SCHOLARSHIP PROGRAM, APPROVED BY THE IRS, BASED ON MERIT AND NEED FOR THE CHILDREN OF ABOUT 40,000 EMPLOYEES AND AGENTS OF FARMERS INSURANCE GROUP (FARMERS). ALL CHILDREN OF EMPLOYEES AND AGENTS OF FARMERS ARE ELIGIBLE. SCHOLARSHIP RECIPIENTS ARE SELECTED BY AN INDEPENDENT SELECTION COMMITTEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen L Mccarthy Chairman, As Needed | 5 | $0 | |
Michael Enright Trustee, As Needed | 5 | $3,000 | |
Jacqueline Powers Doud Trustee, As Needed | 5 | $3,000 | |
Louis Castruccio Trustee, As Needed | 5 | $3,000 | |
Mark Lemons Trustee, As Needed | 1 | $0 | |
Jeffrey Kearns Trustee, As Needed | 1 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bel Air Investment | 12/30/22 | $421,224 |
Edgewood Management Co | 12/30/22 | $374,621 |
Andersen Tax Llc | 12/30/22 | $243,183 |
Irell & Manella Llp | 12/30/22 | $220,121 |
Deloitte & Touche | 12/30/22 | $68,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $156,337 |
| Dividends & Interest | $7,029,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,257,257 |
| Capital Gain Net Income | $11,359,655 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,159,039 |
| Total Revenue | $22,601,820 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,600 |
| Other employee salaries and wages | $182,793 |
| Pension plans, employee benefits | $12,950 |
| Interest | $0 |
| Taxes | $498,932 |
| Depreciation | $2,054 |
| Occupancy | $167,304 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72,336 |
| Total operating and administrative expenses | $3,287,686 |
| Contributions, gifts, grants paid | $10,336,792 |
| Total expenses and disbursements | $13,624,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,261,294 |
| 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 | $349,847 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $221,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $71,645,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,179,153 |
| Total assets | $292,227,952 |
| Accounts payable and accrued expenses | $113,354 |
| Grants payable | $27,735,451 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,499,621 |
| Total liabilities | $29,348,426 |
Grants Awarded
Over the last fiscal year, Thomas And Dorothy Leavey Foundation has awarded $14,043,500 in support to 191 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE CALLED HOME PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $30,000 |
ALEXANDRIA HOUSE PURPOSE: PAYMENT FOR ASSISTANCE OF WOMEN AND CHILDREN IN NEED | $6,000,000 |
AMERICAN CANCER SOCIETY PURPOSE: PAYMENT FOR DIVERSITY IN CANCER RESEARCH PROGRAM | $25,000 |
AMERICAN INDIAN CATHOLIC SCHOOLS NETWORK PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $8,000 |
AQUARIUM OF THE PACIFIC PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $10,000 |
AQUINAS COLLEGE PURPOSE: PAYMENT FOR EDUCATIONAL PURPOSES | $3,000 |