Overview
What is Lowell Observatory Foundation?
The Lowell Observatory Foundation (LOF) is a charitable organization located in Flagstaff, Arizona, specifically at 1400 W Mars Hill Road. Its primary objective is to sustain and enhance the Lowell Observatory's mission by generating perpetual financial support. The foundation does this by managing endowed funds, which were established through significant donations in 2022. Notable gifts include a contribution to supplement the Godo Endowed Fund, the creation of the Percival Lowell Postdoctoral Fellowship Fund, and an estate pledge that established the William G. Tifft Endowed Fund for Extragalactic and Cosmological Research. These funds will be disbursed in 2023. Despite market trends affecting the LOF's endowment corpus values negatively in 2022, new gifts and pledge payments totalling $550,000 helped offset the downturn. The Lowell Observatory Foundation's mission is to help donors achieve their long-term endowment goals and manage short-term targeted donations to the Lowell Observatory, ensuring its mission's continuity.
Official website here: www.foundation.lowell.edu
Is Lowell Observatory Foundation legitimate?
Lowell Observatory Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowell Observatory Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.foundation.lowell.edu
What is the mission statement of Lowell Observatory Foundation?
The Lowell Observatory Foundation's mission is to ensure the long-term financial support and enhancement of Lowell Observatory's mission. Established to assist donors in achieving their endowment goals, the foundation manages both short-term targeted donations and endowed funds to sustain the observatory's operations and grow its endowed funds. In 2022, the foundation received significant contributions, such as $100,000 for the Godo Endowed Fund and a gift to establish the Percival Lowell Postdoctoral Fellowship Fund. Additionally, an estate pledge led to the creation of the William G. Tifft Endowed Fund for Extragalactic and Cosmological Research, with the funds to be delivered in 2023. Despite market trends causing a downturn in the foundation's endowment corpus value in 2022, new gifts and pledge payments of $550,000 helped mitigate the decrease.
Official website here: www.foundation.lowell.edu
Who is the CEO of Lowell Observatory Foundation?
Donna Weistrop is the Executive Director of Lowell Observatory Foundation.
Official website here: www.foundation.lowell.edu
What is the revenue of Lowell Observatory Foundation?
Lowell Observatory Foundation's revenue in 2022 was $587,737.
Official website here: www.foundation.lowell.edu
Who are the executives of Lowell Observatory Foundation and what are their salaries?
There 9 volunteers at Lowell Observatory Foundation.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $166,065
- Other: $17,576
- Compensation: $0
- Related: $156,024
- Other: $21,843
- Compensation: $0
- Related: $6
- Other: $12,486
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.foundation.lowell.edu
Where can I find the form 990 for Lowell Observatory Foundation?
Lowell Observatory Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.lowell.edu
Learn more at the official website: www.foundation.lowell.edu
Mission Statement of Lowell Observatory Foundation
The Lowell Observatory Foundation, established with a mission to sustain and enhance Lowell Observatory's mission, generates perpetual financial support. Its primary goal is to assist donors in achieving their long-term endowment objectives and manage short-term targeted donations to Lowell Observatory, ensuring the observatory's mission continues indefinitely. The foundation accepts gifts for endowed funds and manages these resources to support the observatory's general operations and the growth of the endowed funds. In 2022, the foundation received significant contributions, such as $100,000 to supplement the Godo Endowed Fund and a gift to establish the Percival Lowell Postdoctoral Fellowship Fund. Furthermore, an estate pledge created the William G. Tifft Endowed Fund for Extragalactic and Cosmological Research, with the funds set to be delivered in 2023. Despite market trends causing the Lowell Observatory Foundation's endowment corpus values to decrease in 2022, new gifts and pledge payments totaling $550,000 helped offset the downturn.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Lowell Observatory Foundation plays a crucial role in sustaining and enhancing the mission of Lowell Observatory by generating perpetual financial support. By managing endowed funds and receiving significant donations, the Foundation directly aids in the continuous growth and operational stability of the Observatory.
In 2022, it successfully secured several significant contributions, including a $100,000 donation to enhance the Godo Endowed Fund and the establishment of the Percival Lowell Postdoctoral Fellowship Fund. Additionally, an estate pledge led to the creation of the William G. Tifft Endowed Fund, dedicated to extragalactic and cosmological research.
Despite challenges from fluctuating market trends that impacted endowment values, the Foundation was able to mitigate these effects with $550,000 in new gifts and pledge payments. This proactive approach ensures a sustained investment in scientific research and education at Lowell Observatory, helping to fulfill its mission for years to come. Through these efforts, the Foundation not only supports current projects but also secures a future for ongoing astronomical discoveries and advancements.
This information is meant to be a general summary of Lowell Observatory Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $82,013
- Gross Receipts: $3,068,720
Assets and Liabilities:
- Total Assets: $9,574,343
- Total Liabilities: $0
- Net Assets: $9,574,343
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2014
Phone
(928) 774-3358Principal Officer
Donna Weistrop
Main Address
1400 W MARS HILL ROAD, FLAGSTAFF, AZ, 860014470
Website
www.foundation.lowell.eduNTEE Category
Code: U11 - Science research
If you are a representative of Lowell Observatory Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.