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← LEGACY FOUNDATION

Form 990 for tax year 2024

Filed by LEGACY FOUNDATION.

Totals

Total revenue
$4,232,727
Total expenses
$3,045,919
Contributions and grants received
$0
Grants paid
$55,000
Program service revenue
$0
Investment income
$4,232,727
Other revenue
$0
Total assets, end of year
$90,672,008
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$90,672,008
Program services expenses (Part IX)
$2,778,052
Management and general expenses
$267,867
Fundraising expenses
$0
Program service expenses (Part III)
$2,778,052

Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $2,855,294 · excluded $2,855,294

  • 7a · Gross sales of assets other than inventory

    securities $29,659,626

  • 7b · Less cost or other basis and sales expenses

    securities $28,282,193

  • 7c · Gain or loss

    securities $1,377,433

  • 7d · Net gain or loss

    total $1,377,433 · excluded $1,377,433

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $55,000 · program services $55,000

  • 11f · Fees: investment management

    total $156,673 · management and general $156,673

  • 13 · Office expenses

    total $6,673 · management and general $6,673

  • 23 · Insurance

    total $104,521 · management and general $104,521

  • 24a · Other expenses: SITE ENHANCEMENTS

    total $2,693,052 · program services $2,693,052

  • 24b · Other expenses: PRINTING, PUBLISHING &

    total $30,000 · program services $30,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $87,173,375 · end of year $86,812,999

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,311,825 · end of year $3,859,009

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $89,485,200 · end of year $90,672,008

Mission and programs · 2024

Mission

THE LEGACY FOUNDATION IS A CHARITABLE, CULTURAL AND EDUCATIONAL NONPROFIT ESTABLISHED TO PROMOTE A DEEPER UNDERSTANDING OF AMERICA'S HISTORY BY SUPPORTING CULTURAL INSTITUTIONS, EDUCATIONAL PROJECTS AND INITIATIVES, AND PROJECT SUPPORT DEDICATED TO THIS PURPOSE.

  • LEGACY FOUNDATION WILL PROVIDE LONG TERM SUPPORT TO THE LEGACY SITES IN MONTGOMERY, ALABAMA. ACQUISITIONS, SITE ENHANCEMENTS AND DEVELOPMENT WILL BE CONSIDERED AND EVALUATED BY THE FOUNDATION TO IMPROVE, MAINTAIN AND PRESERVE THE FUNCTIONING OF THE SPACES AND THE VISITOR EXPERIENCE.

    Expenses $2,778,052 · Grants $55,000

As filed on the 2024 return.

Listed in Part VII

  • Sonia Kapadia

    DIRECTOR

    Total calculated
    $161,349
    From this org
    $0
    From related orgs
    $138,292
    Other
    $23,057
    Hours/week
    20

  • Sia Sanneh

    DIRECTOR

    Total calculated
    $180,130
    From this org
    $0
    From related orgs
    $151,073
    Other
    $29,057
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $0 + $151,073 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,057 related
    Filer's total
    $0 + $180,130 related

  • Randall Susskind

    DIRECTOR

    Total calculated
    $110,595
    From this org
    $0
    From related orgs
    $85,138
    Other
    $25,457
    Hours/week
    20

  • Bryan Stevenson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Tera Duvernay

    SECRETARY/TREASURER

    Total calculated
    $210,859
    From this org
    $0
    From related orgs
    $180,602
    Other
    $30,257
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $0 + $180,602 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,257 related
    Filer's total
    $0 + $210,859 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
29 July 2026
IRS schema version
2024v5.5
Source object
202642239349300319

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