Skip to content
Nonprofiteer
← LEGACY GLOBAL FOUNDATION INC

Form 990 for tax year 2023

Filed by LEGACY GLOBAL FOUNDATION INC.

Totals

Total revenue
$5,210,414
Total expenses
$6,921,879
Contributions and grants received
$4,752,785
Grants paid
$4,722,818
Program service revenue
$0
Investment income
$278,384
Other revenue
$179,245
Total assets, end of year
$260,610,654
Total liabilities, end of year
$13,131,222
Net assets or fund balances, end of year
$247,479,432
Program services expenses (Part IX)
$6,765,086
Management and general expenses
$136,830
Fundraising expenses
$19,963
Program service expenses (Part III)
$6,765,086

Program services were 97.7% 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.

  • 1a · Federated campaigns

    $5,579

  • 1c · Fundraising events

    $16,135

  • 1f · All other contributions, gifts and grants

    $4,731,071

  • 3 · Investment income

    total $292,445 · excluded $292,445

  • 6a · Gross rents

    real property $16,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $16,000

  • 6d · Net rental income or loss

    total $16,000 · excluded $16,000

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

    securities $223,773 · other assets -$209,712

  • 7c · Gain or loss

    securities -$223,773 · other assets $209,712

  • 7d · Net gain or loss

    total -$14,061 · excluded -$14,061

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $16,135

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $150,420 · excluded $150,420

  • 11b · Other revenue: REAL ESTATE INCOME

    total $12,825 · related or exempt $12,825

  • 11e · Other revenue, total

    $163,245

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,722,489 · program services $4,722,489

  • 3 · Grants to foreign organizations and individuals

    total $329 · program services $329

  • 5 · Compensation of officers, directors and key employees

    total $199,629 · program services $119,777 · management and general $59,889 · fundraising $19,963

  • 7 · Other salaries and wages

    total $859,071 · program services $859,071

  • 11a · Fees: management

    total $3,322 · program services $3,322

  • 11b · Fees: legal

    total $178,405 · program services $178,405

  • 11c · Fees: accounting

    total $800 · program services $800

  • 11f · Fees: investment management

    total $138,745 · program services $69,373 · management and general $69,372

  • 14 · Information technology

    total $1,271 · management and general $1,271

  • 17 · Travel

    total $20,992 · program services $14,694 · management and general $6,298

  • 22 · Depreciation, depletion and amortization

    total $5,760 · program services $5,760

  • 24a · Other expenses: PROGRAM EXPENSES

    total $766,245 · program services $766,245

  • 24b · Other expenses: PAYMENT PROCESSING AND

    total $24,840 · program services $24,840

  • 24c · Other expenses: TAXES

    total -$19 · program services -$19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $892,358 · end of year $1,423,957

  • 2 · Savings and temporary cash investments

    beginning of year $1,610,700 · end of year $2,024,625

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $50,000

  • 7 · Other notes and loans receivable

    beginning of year $4,161,093 · end of year $5,947,032

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

    $2,111,277

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

    $43,057

  • 10c · Land, buildings and equipment, net

    beginning of year $547,000 · end of year $2,068,220

  • 11 · Investments: publicly traded securities

    beginning of year $20,443,796 · end of year $28,502,323

  • 12 · Investments: other securities

    beginning of year $72,527,522 · end of year $208,724,199

  • 13 · Investments: program-related

    beginning of year $100,000 · end of year $850,000

  • 15 · Other assets

    beginning of year $10,413,667 · end of year $11,020,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,304 · end of year $30,859

  • 25 · Other liabilities

    beginning of year $11,213,510 · end of year $13,100,363

  • 27 · Net assets without donor restrictions

    beginning of year $99,506,322 · end of year $247,479,432

Mission and programs · 2023

Mission

LEGACY BLESSES THE WHOLE EARTH THROUGH INNOVATIVE, EFFECTIVE, ETHICAL, AND RESPONSIBLE CHARITABLE SERVICE AND SOLUTIONS. LEGACY EMPOWERS AND CREATES OPPORTUNITIES FOR STAKEHOLDERS. LEGACY CREATES WELL-BEING AND PROSPERITY BY INSPIRING THE TRANSFER OF VALUES ACROSS GENERATIONS. LEGACY DELIVERS THE PROMISE THAT YOU ARE BLESSED WHEN YOU BLESS OTHERS.

Activities or mission (Part I)

SERVICE AND SOLUTIONS, LEGACY EMPOWERS AND CREATES OPPORTUNITIES FOR STAKEHOLDERS. LEGACY CREATES WELL-BEING AND PROSPERITY BY INSPIRING THE TRANSFER OF VALUES ACROSS GENERATIONS. LEGACY DELIVERS THE PROMISE THAT YOU ARE BLESSED WHEN YOU BLESS OTHERS.

  • LEGACY PROVIDES FUNDING IN GRANTS, DISTRIBUTIONS, AND INVESTMENTS TO NONPROFIT ORGANIZATIONS, GOVERNMENT AGENCIES, EDUCATIONAL INSTITUTIONS, RELIGIOUS ORGANIZATIONS, FOREIGN NONPROFIT ORGANIZATIONS, AND QUALIFIED INDIVIDUALS. GRANTS AND DISTRIBUTIONS COVER A WIDE RANGE OF FOCUS AREAS INCLUDING ARTS, RELIGION, EDUCATION AND SCHOLARSHIPS, SOCIAL WELFARE, SCIENTIFIC RESEARCH, CULTURE AND HUMANITIES, HEALTH AND HUMAN SERVICES, ENVIRONMENT AND SPECIES PROTECTION, COMMUNITY DEVELOPMENT, ANIMAL WELFARE, JUSTICE AND PUBLIC SAFETY, COUNSELING, ADDICTION RECOVERY, GEOLOGICAL RESEARCH, TECHNOLOGY DEVELOPMENT, MEDICAL RESEARCH, MEDICAL ASSISTANCE, HUMANITARIAN RELIEF, COMMUNITY SERVICE, YOUTH PROGRAMS, PROMOTING INDIAN NATIONS AND FIRST NATIONS CULTURALLY AND ECONOMICALLY. GRANTS ARE MADE WITHIN THE UNITED STATES AND INTERNATIONALLY.

    Expenses $6,765,086 · Grants $4,722,818

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DELIGHT MOSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • WAYNE HATCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • PAUL PETERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MELODIE DURFEE GATZ

    PRESIDENT & CEO, TRUSTEE

    Total calculated
    $119,629
    From this org
    $119,629
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349326279

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.