Ludwig Family Foundation in Cary, North Carolina (NC)

Table of contents:

Organization representatives - add corrected or new information about Ludwig Family Foundation »

Non-representatives - add comments about Ludwig Family Foundation»

Ludwig Family Foundation
Employer Identification Number (EIN)562098136
Name of OrganizationLudwig Family Foundation
In Care of NameWilliam Ludwig
Address109 W Camden Forest Dr, Cary, NC 27518-9047
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period05/2013
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$1,226,626
Amount of Income$219,238
Form 990 Revenue Amount$39,335
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


Non-representatives - add comments:


CAPTCHA

Your IP address 54.83.230.41 will be logged.

Amount of income in 2013: $219,238 (it was $39,335 in 2012)
This organization: 

 $219,238
Other organizations performing similar types of work: 

 $107,200

Assets in 2013: $1,226,626 (it was $1,252,429 in 2012)
This organization: 

 $1,226,626
Other organizations performing similar types of work: 

 $441,077

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$39,335$27,275$0
Contributions, gifts, grants, etc., received$30,000
Interest on savings and temporary cash investments$6
Dividends and interest from securities$27,269
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$45,745$1,662$0$44,083
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$1,745$1,662$83
Contributions, gifts, grants paid$44,000
Excess of revenue over expenses and disbursements$-6,410
Net investment income$25,613
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,252,429$1,301,830
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$1,242,299
Other$10,130
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$1,252,429
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$-17,940
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$512
Total credits and payments$525
2012 estimated tax payments and 2011 overpayment credited to 2012$525
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Overpayment$13
Amount to be credited to 2013 estimated tax$13
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,303,039
Net value of noncharitable-use assets$1,283,500
Minimum investment return$64,175
Distributable Amount (for 2012)
Distributable amount$63,663
Undistributed Income (for 2012)
Distributable amount for 2012$63,663
Undistributed income for 2012. This amount must be distributed in 2013$60,310
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Ludwig Family Foundation to others? (optional)
  
Add photo of Ludwig Family Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Sign in with Twitter
Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»

Sweepstakes

Special limited-time promotion! Submit your review for a chance to win $500 in our sweepstakes!



Your email address (you will not be contacted unless you win, we do not sell your email address or send any spam):


Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1The City College 21st Century Foundation Inc138th Street And Convent Avenue, New York, NY 10031NY1997-03$86,641,569
2Center For Inquiry Development Fund3965 Rensch Rd, Amherst, NY 14228-2743NY1998-12$10,791,389
3Chapel Hill Training Outreach Project Inc800 Eastowne Dr Ste 105, Chapel Hill, NC 27514-2215NC1993-05$8,975,022
4Ziering Family Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1996-06$3,505,573
5Our Lady Of Divine Providence House Of Prayer Foundation Inc711 S Bayview Ave, Clearwater, FL 33759-4251FL1994-08$283,880
6Julius & Katheryn Hommer Foundation1 W 4th St D4000-041, Winston Salem, NC 27101-3818NC1996-05$5,428,433
7Percy W & Elizabeth G Meekins Charitable Tr, Alexander William G Ttee3717 Benson Dr, Raleigh, NC 27609-7324NC1997-08$2,594,421
8Delema G Deaver Fund 08586-00-D1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001NC1995-02$1,770,090
9Gunzenhauser-Chapin FundPO BOX 20124, Greensboro, NC 27420-0124NC1998-07$1,415,241
10Robert T And Suellen G Monk Family Foundation Inc1414 Raleigh Rd Ste 445, Chapel Hill, NC 27517-8834NC1997-04$1,221,426
11James T And Valeria B Robertson Foundation, Robertson James T Co-Ttee11 Wakefield Drive, Asheville, NC 28803-4147NC1998-08$1,202,473
12Howard Foundation1 W 4th St, Winston Salem, NC 27101-3818NC1998-12$980,027
13Higgs Foundation8116 Skyecroft Commons Dr, Waxhaw, NC 28173-7459NC1997-08$897,809
14Eagles Wings Christian Love In ActionPO BOX 426, Washington, NC 27889-0426NC1991-05$840,919
15John P Mcconnell Foundation1 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC1998-08$809,585
16Allen Fund Inc131 Glen Eagle Dr, Waynesville, NC 28786-8165NC1998-09$658,418
17Darrell And Patricia Steagall Family Foundation355 S New Hope Rd Ste 302, Gastonia, NC 28054-4038NC1998-02$619,924
18Knott Family Foundation Inc3210 Medford Rd, Durham, NC 27705-2452NC1997-03$577,124
19Charles Cecil Mckinney Foundation1006 Harvey St, Raleigh, NC 27608-2332NC1997-06$530,429
20Friends Of The Kenan Foundation AsiaBox 3440, Chapel Hill, NC 27599-0001NC1998-03$523,120
21Myrtle Copenhaver Chaley Trust1525 W Wt Harris Blvd D1114-044, Charlotte, NC 28288-0001NC1996-08$521,525
22Cary Foundation Inc6700 Fairview Rd Ste 350, Charlotte, NC 28210NC1997-04$416,736
23Frances V Holton Foundation12729 Waterman Dr, Raleigh, NC 27614-9416NC1998-07$410,502
24Grace And Hope FoundationPO BOX 3127, Matthews, NC 28106-3127NC1997-08$375,505
25J & J Neely Foundation1 West 4th Street D4000-041, Winston Salem, NC 27101-3818NC1998-08$336,021
26Lambert Family Foundation Inc116 Cliff Ln, Waynesville, NC 28786-5887NC1996-03$325,243
27Grace Foundation3620 Cape Center Dr, Fayetteville, NC 28304-4405NC1997-03$298,203
28Patrick Beaver Scholarship Foundation Inc2425 N Center St Ste 362, Hickory, NC 28601-1320NC1998-04$297,348
29Johnston Family Foundation1525 W Wt Harris Blvd, Charlotte, NC 28288-0001NC1998-03$276,010
30Goforth Family FoundationPO BOX 1029, Conover, NC 28613-1029NC1996-11$265,242
Number of organizations performing similar types of work
Alaska4
Alabama56
Arkansas18
Arizona58
California548
Colorado116
Connecticut78
District of Columbia24
Delaware45
Florida344
Georgia158
Hawaii18
Iowa56
Idaho24
Illinois311
Indiana83
Kansas53
Kentucky40
Louisiana50
Massachusetts115
Maryland116
Maine18
Michigan199
Minnesota100
Missouri76
Mississippi26
Montana9
North Carolina135
North Dakota2
Nebraska43
New Hampshire17
New Jersey210
New Mexico24
Nevada41
New York530
Ohio224
Oklahoma53
Oregon62
Pennsylvania249
Rhode Island33
South Carolina40
South Dakota12
Tennessee47
Texas381
Utah45
Virginia119
Vermont8
Washington86
Wisconsin98
West Virginia9
Wyoming19
International13
Total5,243

faqs.org is not associated with, endorsed by, or sponsored by Ludwig Family Foundation and has no official or unofficial affiliation with Ludwig Family Foundation