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Nonprofiteer
← LEGACY GLOBAL FOUNDATION INC

Form 990 for tax year 2024

Filed by LEGACY GLOBAL FOUNDATION INC.

Totals

Total revenue
$17,649,101
Total expenses
$9,473,186
Contributions and grants received
$14,419,583
Grants paid
$8,148,994
Program service revenue
$0
Investment income
$3,191,621
Other revenue
$37,897
Total assets, end of year
$266,686,085
Total liabilities, end of year
$14,255,870
Net assets or fund balances, end of year
$252,430,215
Program services expenses (Part IX)
$8,807,652
Management and general expenses
$665,534
Fundraising expenses
$0
Program service expenses (Part III)
$8,807,652

Program services were 93.0% 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.

  • 1f · All other contributions, gifts and grants

    $14,419,583

  • 1g · Noncash contributions included above

    $1,313,606

  • 3 · Investment income

    total $294,228 · excluded $294,228

  • 6a · Gross rents

    real property $34,706

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $34,706

  • 6d · Net rental income or loss

    total $34,706 · excluded $34,706

  • 7a · Gross sales of assets other than inventory

    securities $2,897,393

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

    securities $0

  • 7c · Gain or loss

    securities $2,897,393

  • 7d · Net gain or loss

    total $2,897,393 · excluded $2,897,393

  • 11a · Other revenue: REAL ESTATE INCOME

    total $3,191 · related or exempt $3,191

  • 11e · Other revenue, total

    $3,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,891,557 · program services $7,891,557

  • 3 · Grants to foreign organizations and individuals

    total $257,437 · program services $257,437

  • 7 · Other salaries and wages

    total $718,026 · program services $359,013 · management and general $359,013

  • 11c · Fees: accounting

    total $29,017 · program services $29,017

  • 11f · Fees: investment management

    total $65,604 · program services $32,802 · management and general $32,802

  • 11g · Fees: other

    total $227,222 · management and general $227,222

  • 14 · Information technology

    total $595 · management and general $595

  • 16 · Occupancy

    total $14,099 · program services $9,869 · management and general $4,230

  • 22 · Depreciation, depletion and amortization

    total $48,879 · program services $48,879

  • 23 · Insurance

    total $9,531 · management and general $9,531

  • 24a · Other expenses: PROGRAM EXPENSES

    total $179,078 · program services $179,078

  • 24b · Other expenses: PAYMENT PROCESSING AND

    total $32,141 · management and general $32,141

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,423,957 · end of year $2,879,459

  • 2 · Savings and temporary cash investments

    beginning of year $2,024,625 · end of year $2,864,189

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $38,498

  • 4 · Accounts receivable

    end of year $250,000

  • 7 · Other notes and loans receivable

    beginning of year $5,947,032 · end of year $5,445,818

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

    $1,925,358

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

    $91,936

  • 10c · Land, buildings and equipment, net

    beginning of year $2,068,220 · end of year $1,833,422

  • 11 · Investments: publicly traded securities

    beginning of year $28,502,323 · end of year $25,659,900

  • 12 · Investments: other securities

    beginning of year $208,724,199 · end of year $206,787,211

  • 13 · Investments: program-related

    beginning of year $850,000 · end of year $912,488

  • 15 · Other assets

    beginning of year $11,020,298 · end of year $20,015,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,859 · end of year $497,683

  • 23 · Secured mortgages and notes payable

    end of year $310,000

  • 25 · Other liabilities

    beginning of year $13,100,363 · end of year $13,448,187

  • 27 · Net assets without donor restrictions

    beginning of year $247,479,432 · end of year $252,430,215

Mission and programs · 2024

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)

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 $8,807,652 · Grants $8,148,994

As filed on the 2024 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 Gatz

    CEO

    Total calculated
    $40,000
    From this org
    $40,000
    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.

  • GREEN ECONOMIC DEVELOPMENT

    ALTERNATIVE ENERGY DEVELOPMENT · LA

    Directly controlled by LEGACY GLOBAL FOUNDATION

  • VADELI LLC

    INVESTMENT MANAGER · AZ

    Directly controlled by LEGACY GLOBAL FOUNDATION

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349324113

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