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Lenfest Scholars Foundation Inc. is a private corporation based in WAYNE, PA. The foundation received its IRS ruling in 2015. The principal officer is % H F Lenfest. It holds total assets of $61.6M. Annual income is reported at $27.4M. The Foundation is a private non-operating foundation, and as such, its primary activities are 1) To award educational scholarships to qualifying students and 2) To make grants or contributions to other 501(c)(3) organizations, principally to public charities. According to available records, Lenfest Scholars Foundation Inc. has made 21 grants totaling $7.8M, with a median grant of $64K. Annual giving has grown from $982K in 2020 to $2.3M in 2023. Grantmaking activity was highest in 2021 with $2.8M distributed across 6 grants. Individual grants have ranged from $1K to $2M, with an average award of $371K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Pennsylvania and Ohio and Rhode Island. Contributions to this foundation are tax-deductible.
The Foundation is a private non-operating foundation, and as such, its primary activities are 1) To award educational scholarships to qualifying students and 2) To make grants or contributions to other 501(c)(3) organizations, principally to public charities.
Expenses: $982K
The Foundation is a private non-operating foundation, and as such, its primary activities are 1) To award educational scholarships to qualifying students and 2) To make grants or contributions to other 501(c)(3) organizations, principally to public charities. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in PA, OH, RI.
Lenfest Scholars Foundation Inc. has distributed a total of $7.8M across 21 grants. The median grant size is $64K, with an average of $371K. Individual grants have ranged from $1K to $2M.
The application deadline is Complete applications must be received by December 31 of the student's junior year in high school.. Only students who attend certain selected public high schools in certain rural school districts in Central and South Eastern Pennsylvania are eligible. A list of twenty-three eligible high schools is shown in the application materials. The Lenfest College Scholarship Program will provide each Scholar up to $12,000 per year for four years toward the cost of attendance at an accredited U.S. private or public college or university. An application form is available on the foundation's website.
Lenfest Scholars Foundation Inc. is headquartered in WAYNE, PA. While based in PA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Martha Denney | EXECUTIVE DIRECTOR | $236K | $6K | $242K |
| Jessica Macleod | SECRETARY | $78K | $5K | $83K |
| Joseph F Huber | BOARD CHAIR AND DIRECTOR | $0 | $0 | $0 |
| Roger Lehecka | BOARD VICE-CHAIR | $0 | $0 | $0 |
| Diane L Myer | TREASURER | $0 | $0 | $0 |
Total Giving
$4.1M
Total Assets
$53.2M
Fair Market Value
$53.2M
Net Worth
$48.3M
Grants Paid
$2.3M
Contributions
$0
Net Investment Income
$1.2M
Distribution Amount
$2.6M
Total: $16.6M
Total Grants
21
Total Giving
$7.8M
Average Grant
$371K
Median Grant
$64K
Unique Recipients
6
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Philadelphia FoundationDAF CONTRIBUTIONS | Philadelphia, PA | $10K | 2023 |
| Schedule Of Scholarship RecipientsLENFEST SCHOLARSHIP PROGRAM | Wayne, PA | $2M | 2023 |
| Schedule Of Special Education ExpenLENFEST SCHOLARSHIP PROGRAM | Wayne, PA | $113K | 2023 |
| Schedule Of Finalist Grants - InforLENFEST SCHOLARSHIP PROGRAM | Wayne, PA | $111K | 2023 |
| Fidelity Charitable Gift FundDAF CONTRIBUTIONS | Cincinnati, OH |
RALEIGH, NC
VERO BEACH, FL
ATLANTA, GA
OAK BROOK, IL
LINEVILLE, IA
| John Payne |
| DIRECTOR |
| $0 |
| $0 |
| $0 |
| Jacques Steinberg | DIRECTOR | $0 | $0 | $0 |
| Marguerite Lenfest | DIRECTOR | $0 | $0 | $0 |
| Mozelle W Thompson | DIRECTOR | $0 | $0 | $0 |
| Erin E Crum | DIRECTOR | $0 | $0 | $0 |
| Joseph W Gordon | DIRECTOR | $0 | $0 | $0 |
| Dr Keith L Leaphart | DIRECTOR | $0 | $0 | $0 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| $50K |
| 2023 |
| Vanguard Charitable FundDAF CONTRIBUTIONS | Warwick, RI | $20K | 2023 |
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