Loewy Family Foundation Inc

Nonprofit profile at a glance

EIN
136225288
IRS 990-PF coverage
2019–2024
Forms available
Form 990-PF 2024
Location
New York, NY, USA
Phone
2122692466
Rating
90
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$600,171
Expenses
$616,777

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Loewy Family Foundation Inc is a nonprofit. Location: New York, NY. EIN 136225288. Tax year 2024 Form 990-PF reports $600K revenue and $617K expenses.

What it reported funding in 2024

The foundation reported 4 grants totaling $500,000. The stated grant purposes included in response to its proposal for a commitment of $ 1,000,000, payable in equal installments of $ 200,000 over five years, $ 500,000 to establish the loewy scholarship fund and endowed fund at columbia college, and $ 500,000 to establish the loewy scholarship fund and endowed fund at the school of engineering and applied science., grant for renewal and expansion of support of its science, technology, engineering and math (stem) program and specifically to support stem education. continued further support the hiring of a teaching fellow to further the stem program., and in support of its march, 2025 proposal for a grant in support of critical legal services for refugees, asylum-seekers and other forcibly-displaced populations., plus 1 other reported purpose.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 93% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. The filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 92
  • Cost Efficiency: 81
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 72

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 92.3%; rating input score 92; 36th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 81.1%; rating input score 81; 44th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 23.13; rating input score 72; 72nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 92.3% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 72th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.