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← LSE FOUNDATION

Form 990 for tax year 2023

Filed by LSE FOUNDATION.

Totals

Total revenue
$1,993,260
Total expenses
$3,081,231
Contributions and grants received
$1,999,282
Grants paid
$2,680,455
Program service revenue
$0
Investment income
$0
Other revenue
-$6,022
Total assets, end of year
$6,286,000
Total liabilities, end of year
$52,900
Net assets or fund balances, end of year
$6,233,100
Program services expenses (Part IX)
$2,838,278
Management and general expenses
$242,953
Fundraising expenses
$0
Program service expenses (Part III)
$2,838,278

Program services were 92.1% 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.

  • 1d · Related organizations

    $980,607

  • 1f · All other contributions, gifts and grants

    $1,018,675

  • 11a · Other revenue: OTHER

    total $2,219 · excluded $2,219

  • 11b · Other revenue: EXCHANGE RATE VARIANCE

    total -$8,241 · excluded -$8,241

  • 11e · Other revenue, total

    -$6,022

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $584,958 · program services $584,958

  • 3 · Grants to foreign organizations and individuals

    total $2,095,497 · program services $2,095,497

  • 5 · Compensation of officers, directors and key employees

    total $166,449 · program services $65,547 · management and general $100,902

  • 7 · Other salaries and wages

    total $90,423 · program services $35,608 · management and general $54,815

  • 8 · Pension plan contributions

    total $4,563 · program services $1,797 · management and general $2,766

  • 9 · Other employee benefits

    total $21,078 · program services $8,300 · management and general $12,778

  • 10 · Payroll taxes

    total $16,338 · program services $6,434 · management and general $9,904

  • 11c · Fees: accounting

    total $7,699 · program services $3,032 · management and general $4,667

  • 13 · Office expenses

    total $5,942 · program services $2,340 · management and general $3,602

  • 17 · Travel

    total $56,078 · program services $22,083 · management and general $33,995

  • 22 · Depreciation, depletion and amortization

    total $654 · program services $257 · management and general $397

  • 23 · Insurance

    total $3,852 · program services $1,517 · management and general $2,335

  • 24a · Other expenses: EVENT EXPENSE

    total $27,700 · program services $10,908 · management and general $16,792

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $63,665 · end of year $113,152

  • 3 · Pledges and grants receivable

    beginning of year $1,037,635 · end of year $980,607

  • 4 · Accounts receivable

    beginning of year $6,231,382 · end of year $5,146,278

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,052 · end of year $7,575

  • 10a · Land, buildings and equipment: cost or other basis

    $8,121

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,861

  • 10c · Land, buildings and equipment, net

    beginning of year $4,750 · end of year $3,260

  • 15 · Other assets

    beginning of year $99,993 · end of year $35,128

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,521 · end of year $25,880

  • 25 · Other liabilities

    beginning of year $91,885 · end of year $27,020

  • 28 · Net assets with donor restrictions

    beginning of year $7,321,071 · end of year $6,233,100

Mission and programs · 2023

Mission

THE LSE FOUNDATION IS DEDICATED TO INFORMING NORTH AMERICAN FOUNDATIONS ABOUT LSE ACADEMIC PRIORITIES AND APPLYING FOR GRANTS IN SUPPORT OF THEM.

Activities or mission (Part I)

THE LSE FOUNDATION ("THE FOUNDATION") IS DEDICATED TO INFORMING NORTH AMERICAN FOUNDATIONS ABOUT LSE ACADEMIC PRIORITIES AND APPLYING FOR GRANTS IN SUPPORT OF THEM.

  • PLEDGES AND DONATIONS FROM SUPPORTERS OF LSE. THESE ARE PASSED VIA LSE FOUNDATION TO LSE. PLEDGES ARE DISCOUNTED EACH YEAR END, AND PLEDGES MADE IN GBP ARE REVALUED TO USD USING THE YEAR END EXCHANGE RATE. TOTAL PLEDGES AND DONATIONS, NET OF PLEDGE DISCOUNT, CAME TO $1,018,675 IN 23/24. SOME OF THE LARGEST DONORS IN 23/24 WERE FVR LTD AND THE JOHN AND AMY PHELAN FOUNDATION.

    Expenses $2,253,320 · Grants $2,095,497

  • A PORTION OF CERTAIN EXPENSES INCURRED BY LSE FOUNDATION IS FOR THE BENEFIT OF THE AMERICAN FUND FOR LSE. THESE AMOUNTS ARE ALLOCATED AS CONTRIBUTED SERVICES TO THE AMERICAN FUND FOR LSE, INCLUDING OPERATING EXPENDITURE SUCH AS RENT AND STAFF COSTS. THE AMERICAN FUND FOR LSE EXISTS TO RAISE SUPPORT AND AWARENESS OF LSE'S MISSION WITH PRIVATE DONORS IN THE US AND PASS PLEDGES AND DONATIONS TO LSE.

    Expenses $584,958 · Grants $584,958

As filed on the 2023 return.

Listed in Part VII

  • Ms Louise Nadal

    BOARD MEMBER & CHAIR

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Ms Sophie Hutchinson

    BOARD MEMBER & SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Mr Neal Thomson

    BOARD MEMBER & TREASURER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Mr Andrew Young

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Mr Mike Ferguson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Ms Malina Szreter

    DEPUTY DIRECTOR OF OPERATIONS - PHILANTHROPY & GLO

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Ms Alice Singer

    GROUP FINANCIAL ACCOUNTANT

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Mr Christopher Blake

    BUSINESS MANAGER

    Total calculated
    $159,187
    From this org
    $123,045
    From related orgs
    $0
    Other
    $36,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,045
    Bonus
    $0
    Other
    $0
    Deferred
    $6,152
    Nontaxable benefits
    $29,990
    Filer's total
    $159,187

  • Ms Jill Slattery

    DIRECTOR OF PRINCIPAL GIFTS FOR THE AMERICAS

    Total calculated
    $213,085
    From this org
    $193,356
    From related orgs
    $0
    Other
    $19,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,356
    Bonus
    $0
    Other
    $0
    Deferred
    $9,668
    Nontaxable benefits
    $10,061
    Filer's total
    $213,085

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR OF LSE FOUNDATION LEFT IN JUNE 2021 AND WAS NOT REPLACED, AS ELEMENTS OF HIS ROLE ARE NOW BEING PERFORMED BY EXISTING EMPLOYEES BOTH WITHIN LSE FOUNDATION AND LSE (THE PARENT CHARITY). THEREFORE IT HAS NOT BEEN NECESSARY TO UNDERTAKE ANY PROCEDURES TO ESTABLISH THE COMPENSATION OF THIS ROLE DURING THE YEAR WE ARE REPORTING ON.

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.

  • LONDON SCHOOL OF ECONOMICS

    FOREIGN · EDUCATION · UK

Provenance

Return type
form_990
Tax year
2023
Filed
9 June 2025
IRS schema version
2023v6.0
Source object
202541609349300429

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