Lm1983 Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.7M
+24.1% YoY
Annual Giving
$348K
-5.8% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$44K
-41.1% YoY
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.
About Lm1983 Inc
Based on IRS filings
Lm1983 Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,706,645 | $7,821,301 | $6,579,475 |
| Revenue | $139,202 | $377,931 | $214,273 |
| Expenses | $355,682 | $374,869 | $372,334 |
| Qualifying Distributions | $348,333 | $369,833 | $361,500 |
| Net Investment Income | $138,202 | $376,931 | $213,008 |
| Distributable Amount | $441,245 | $357,723 | $352,955 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hoag Hospital Foundation ($100,000), Uci Foundation ($100,000), Choc Children's Foundation ($63,333).
| Recipient | Purpose | Amount |
|---|---|---|
| CHOC CHILDREN'S FOUNDATION ORANGE, CA | DONATION | $63,333 |
| HOAG HOSPITAL FOUNDATION NEWPORT BEACH, CA | DONATION | $100,000 |
| HARBOR DAY SCHOOL ENDOWMENT CORP CORONA DEL MAR, CA | DONATION | $20,000 |
| UCI FOUNDATION IRVINE, CA | DONATION | $100,000 |
| CHP 11-99 FOUNDATION COSTA MESA, CA | DONATION | $44,000 |
| PEBBLE BEACH COMPANY FOUNDATION PEBBLE BEACH, CA | DONATION | $1,000 |
| PROCTOR ACADEMY DEVELOPMENT OFFICE ANDOVER, NH | DONATION | $10,000 |
| UNIVERSITY OF SAN DIEGO SAN DIEGo, CA | DONATION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRITTANY WELCH | SECRETARY | 10 | — |
| COURTNEY WELCH | CHIEF FINANCIAL OFFICER | 10 | — |
| MICHU WELCH | DIRECTOR | — | — |
| BRENDAN WELCH | PRESIDENT | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lm1983 Inc?
Lm1983 Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSTIN, CA. It holds $9.7M in total assets as of 2024.
How large is Lm1983 Inc?
As of 2024, Lm1983 Inc holds $9.7M in total assets with $139K in annual revenue. It awarded 8 grants totaling $348K in 2024.
Where does Lm1983 Inc operate?
Lm1983 Inc has awarded grants in California, Hawaii, New Hampshire.
What size grants does Lm1983 Inc award?
In 2024, Lm1983 Inc awarded 8 grants totaling $348K — an average of about $44K per grant, based on its IRS Form 990 filings.
How much is Lm1983 Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lm1983 Inc reported a distributable amount of $441K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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