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Legum Foundation Inc. is a private corporation based in BALTIMORE, MD. The foundation received its IRS ruling in 2006. The principal officer is Thomas Karwacki. It holds total assets of $2.7M. Annual income is reported at $2.9M. Total assets have grown from $186K in 2011 to $2M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2019 to 2023. According to available records, Legum Foundation Inc. has made 4 grants totaling $2.1M, with a median grant of $525K. The foundation has distributed between $375K and $715K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $715K distributed across 1 grants. Individual grants have ranged from $375K to $715K, with an average award of $535K. Grant recipients are concentrated in Maryland. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Legum Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MD.
Legum Foundation Inc. has distributed a total of $2.1M across 4 grants. The median grant size is $525K, with an average of $535K. Individual grants have ranged from $375K to $715K.
Legum Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Legum Foundation Inc. is headquartered in BALTIMORE, MD.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeffrey Legum | PARTTIME TRUSTEE | $0 | $0 | N/A |
| Michael Legum | PARTTIME TRUSTEE | $0 | $0 | N/A |
| Harriett Legum | PARTTIME TRUSTEE | $0 | $0 | N/A |
| Laurie Legum | PARTTIME TRUSTEE | $0 | $0 | N/A |
Total Giving
$396K
Total Assets
$2M
Fair Market Value
$2.1M
Net Worth
$2M
Grants Paid
$375K
Contributions
N/A
Net Investment Income
$106K
Distribution Amount
$121K
Total: $1.3M
Total Grants
4
Total Giving
$2.1M
Average Grant
$535K
Median Grant
$525K
Unique Recipients
1
Most Common Grant
$653K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached StatementGENERAL FUND | Baltimore, MD | $375K | 2023 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD