GREATER LOWELL COMMUNITY FOUNDATION INC

LOWELL, MA, 01852-1707 (978) 970-1600 Est. 1997 EIN 04-3401997
T31— Philanthropy & Grantmaking Form 990 501(c)(3)
WWW.GLCFOUNDATION.ORG

Mission

THE MISSION OF THE GREATER LOWELL COMMUNITY FOUNDATION IS TO IMPROVE THE QUALITY OF LIFE IN THE AREA. THE FOUNDATION IS A COMMUNITY RESOURCE, WHICH ATTRACTS FUNDS, DISTRIBUTES GRANTS, AND SERVES AS A CATALYST AND LEADER AMONG FUNDERS, AGENCIES AND INDIVIDUALS TO ADDRESS IDENTIFIED AND EMERGENT NEEDS. THE COMMUNITY FOUNDATION IS A PROFESSIONAL, COMPASSIONATE STEWARD OF DONOR FUNDS AND BUILDS UPON THE CREATIVE VISION OF ITS FOUNDERS AND THE COMMUNITY. IT PROMOTES AND ENCOURAGES THE ROLE OF PHILANTHROPY IN IMPROVING THE QUALITY OF LIFE IN THE COMMUNITIES IT SERVES.

Giving Portfolio

Total Grants
492
Total Giving
$15.8M
Recipients
483
Years Active
2018 - 2024
Avg grant: $31,451 Median: $15,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202488$2.7M $31K1868
202387$3.1M $35K2759
202273$2.0M $28K1853
202192$3.1M $33K1972
202099$3.5M $35K6234
201853$1.4M $26K530

Sectors Funded

Human Services
98
Arts, Culture & Humanities
42
Education
37
Health Care
29
Youth Development
29
Housing & Shelter
29
Food, Agriculture & Nutrition
26
Mental Health & Crisis Intervention
20
and 13 more sectors

Top States

Massachusetts
477
Virginia
5
Florida
2
Maine
2
New Hampshire
2
New York
2
Washington
1
District of Columbia
1

Grantee Size Profile

$1M - $5M
155
$5M - $10M
57
$100K - $500K
54
$10M - $50M
48
Over $50M
40
$500K - $1M
38
Under $100K
38

Top Grantees

$1.1M
$567K
MA - 6 grants
$448K
$413K
MA - 3 grants
$393K
MA - 4 grants
$385K
$327K
and 15 more grantees

Financials

Total Revenue
$7,589,018
Total Expenses
$6,474,219
Net Assets
$57,651,365
13 employees 25 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
8.9 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 10.8%
Expenses ↓ 10.1%
Revenue Sources
Contributions 61.4% Investment 38.7%
Expense Breakdown
Program 89.5% Management 5.0% Fundraising 5.5%

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EIN: 04-3401997 · Source: IRS Form 990 e-file data