//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Lutz Foundation Inc. is a private corporation based in SHELBY, NC. The foundation received its IRS ruling in 1990. The principal officer is Richard F Bowling Ii. It holds total assets of $83K. Annual income is reported at $8K. Total assets have decreased from $382K in 2011 to $136K in 2023. The foundation is governed by 2 officers and trustees. Two endowments established at gardner-webb university for scholarships. Tax records are available from 2016 to 2023. According to available records, Lutz Foundation Inc. has made 3 grants totaling $180K, with a median grant of $60K. The foundation has distributed between $60K and $60K annually from 2020 to 2022. The foundation has supported 2 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Two endowments established at gardner-webb university for scholarships
Expenses: $60K
Two endowments established at gardner-webb university for scholarships. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NC.
Lutz Foundation Inc. has distributed a total of $180K across 3 grants. The median grant size is $60K, with an average of $60K. Individual grants have ranged from $60K to $60K.
Substantially all grants to students in limited areas.
Lutz Foundation Inc. is headquartered in SHELBY, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard F Bowling Ii | PRESIDENT | $0 | $0 | N/A |
| Susan Bowling | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$60K
Total Assets
$136K
Fair Market Value
N/A
Net Worth
$136K
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$11K
Distribution Amount
$2K
Total Grants
3
Total Giving
$180K
Average Grant
$60K
Median Grant
$60K
Unique Recipients
2
Most Common Grant
$60K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Gardner-Webb UniversitySCHOLARSHIPS | Boiling Springs, NC | $60K | 2022 |
| Gardner Webb UniversitySCHOLARSHIP | Boiling Springs, NC | $60K | 2020 |