Lute Family Foundation Inc. is a private corporation based in OGALLALA, NE. The foundation received its IRS ruling in 2002. The principal officer is % Richard Bourque. It holds total assets of $676K. Annual income is reported at $141K. The foundation operates in the area of human services. According to available records, Lute Family Foundation Inc. has made 22 grants totaling $234K, with a median grant of $2K. Annual giving has decreased from $220K in 2022 to $14K in 2023. Individual grants have ranged from $238 to $100K, with an average award of $11K. The foundation has supported 10 unique organizations. Grant recipients are concentrated in Nebraska. Contributions to this foundation are tax-deductible.
Lute Family Foundation Inc. primarily funds organizations in the area of human services. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in NE.
Lute Family Foundation Inc. has distributed a total of $234K across 22 grants. The median grant size is $2K, with an average of $11K. Individual grants have ranged from $238 to $100K.
SCHOLARSHIPS - NO NON-SCHOLARSHIP APPLICANTS - MUST BE A QUALIFIED CHARITABLE ORGANIZATION.
Lute Family Foundation Inc. is headquartered in OGALLALA, NE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard M Bourque | DIRECTOR/MAN | $0 | $0 | $0 |
| James Korth | DIRECTOR | $0 | $0 | $0 |
| Kathy Lute | DIRECTOR | $0 | $0 | $0 |
Total Giving
$71K
Total Assets
$684K
Fair Market Value
$825K
Net Worth
$684K
Grants Paid
$14K
Contributions
$0
Net Investment Income
$20K
Distribution Amount
$40K
Total: $616K
Total Grants
22
Total Giving
$234K
Average Grant
$11K
Median Grant
$2K
Unique Recipients
10
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ogallala Public School FoundationPROVIDED FUNDS FOR ATHLETICS | Ogallala, NE | $5K | 2023 |
| Lied Center For Performing ArtsPROVIDED FUNDS FOR COMMUNITY SUPPORT | Lincoln, NE | $3K | 2023 |
| Petrified Wood & Art GalleryPROVIDED 6 TICKETS FOR FUNDRAISING | Ogallala, NE | $3K | 2023 |
| Ogallala Volunteer Fire DepartmentPROVIDED TICKETS FOR RAFFLE | Ogallala, NE | $1K | 2023 |
| Big Mac Sports ClubPROVIDE FUNDS FOR COMMUNITY SUPPORT | Ogallala, NE | $750 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| 2023 |
| St Lukes SchoolPROVIDED TICKETS FOR RAFFLE | Ogallala, NE | $503 | 2023 |
| Rotary Club Of OgallalaPROVIDE FUNDS FOR COMMUNITY SUPPORT | Ogallala, NE | $500 | 2023 |
| North Platte Catholic Schools EndowPROVIDE TICKETS FOR A RAFFLE | North Platte, NE | $238 | 2023 |
| Keith County Community FoundationLIBRARY REPLACEMENT | Ogallala, NE | $100K | 2022 |
| Great Plains Health Care FoundationPROVIDE FUNDS FOR COMMUNITY SUPPORT | North Platte, NE | $4K | 2022 |
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