LM1983 Inc
LM1983 Inc is a private foundation, based in Tustin, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.7M in total assets. In 2024, it awarded 8 grants totaling $348K. Net investment income was $138K.
LM1983 Inc at a glance
In short: LM1983 Inc gave $348K across 8 grants in 2024 (avg $44K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $348,333
- -5.8% vs 2023
- Grants made (2024)
- 8
- +60.0% vs 2023
- Average grant
- $43,542
- -41.1% vs 2023
- Median grant
- $32,000
- Total assets
- $9,706,645
- +24.1% vs 2023
- Primary geography
- California (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who LM1983 Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Hoag Hospital Foundation ($100K). Together the top 8 received $348K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 21 grants of 33 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How LM1983 Inc gives
- Giving grew 26% from 2021 to 2024. Method
- In 2024 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $244K (2020) to $370K (2023). In 2024 it made 8 grants totaling $348K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hoag Hospital Foundation Newport Beach, CA | Donation | $100,000 |
| UCI Foundation Irvine, CA | Donation | $100,000 |
| Choc Children's Foundation Orange, CA | Donation | $63,333 |
| CHP 11-99 Foundation Costa Mesa, CA | Donation | $44,000 |
| Harbor Day School Endowment Corp Corona Del Mar, CA | Donation | $20,000 |
| Proctor Academy Development Office Andover, NH | Donation | $10,000 |
| University of San Diego SAN DIEGo, CA | Donation | $10,000 |
| Pebble Beach Company Foundation Pebble Beach, CA | Donation | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,706,645 | $139,202 | $355,682 | $348,333 | 8 | $348,333 | $138,202 | $441,245 |
| 2023 | $7,821,301 | $377,931 | $374,869 | $369,833 | 5 | $369,833 | $376,931 | $357,723 |
| 2022 | $6,579,475 | $214,273 | $372,334 | $361,500 | 9 | $361,500 | $213,008 | $352,955 |
| 2021 | $8,398,809 | $229,131 | $297,820 | $277,500 | 6 | $286,455 | $220,176 | $378,218 |
| 2020 | $6,801,210 | $145,785 | $251,126 | $243,625 | 5 | — | $143,110 | $293,675 |
Under IRS private-foundation payout rules, LM1983 Inc reported a distributable amount of $441K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
LM1983 Inc is led by Brendan Welch, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brendan Welch
President
On filings since 2020
10 hrs/week
No compensation reported
Michu Welch
Director
On filings since 2020
No compensation reported
Brittany Welch
Secretary
On filings since 2020
10 hrs/week
No compensation reported
Courtney Welch
Chief Financial Officer
On filings since 2020
10 hrs/week
No compensation reported
Former officers (1)
- Former: Louis Welch (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about LM1983 Inc
How much does LM1983 Inc give each year?
LM1983 Inc gave $348K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $370K across 5 grants.
What is LM1983 Inc's typical grant size?
LM1983 Inc's median grant in 2024 was $32,000, and its average grant was $43,542, across 8 grants on its 2024 IRS Form 990-PF.
Where does LM1983 Inc give grants?
LM1983 Inc gives mostly in California: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does LM1983 Inc give general operating support?
Not in 2024: none of the 8 grants with a stated purpose on LM1983 Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (8 grants).
Who are LM1983 Inc's largest grantees?
LM1983 Inc's largest 2024 grantees include Hoag Hospital Foundation ($100,000), UCI Foundation ($100,000) and Choc Children's Foundation ($63,333), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
How large is LM1983 Inc?
LM1983 Inc reported $9.7M in total assets on its 2024 IRS Form 990-PF. It paid out $348K in qualifying distributions that year, against a required minimum of $441K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is LM1983 Inc's EIN?
LM1983 Inc's EIN (Employer Identification Number) is 83-2546384. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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