Ward-lombardo Foundation Inc

SHERMAN OAKS, CA EIN: 82-3175224

Ward-lombardo Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERMAN OAKS, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $312K in total assets. In 2024, it awarded 3 grants totaling $126K. Net investment income was $24K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$312K

-25.1% YoY

Annual Giving

$126K

+14.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$42K

+14.5% YoY

Under IRS private-foundation payout rules, Ward-lombardo Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.

About Ward-lombardo Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $399K (89%)

District of Columbia $50K (11%)

States

California District of Columbia

Cities

Los AngelesNorth HollywoodWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$311,676	$415,981	$522,397
Revenue	$27,848	$9,881	$2,096
Expenses	$132,153	$116,297	$21,638
Qualifying Distributions	$126,000	$110,000	$12,500
Net Investment Income	$24,373	$13,736	$11,849
Distributable Amount	$17,013	$21,398	$25,890

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Los Angeles Lgbt Center ($50,000), Project Angel Food ($41,000), Oakwood School ($35,000).

Recipient	Purpose	Amount
LOS ANGELES LGBT CENTER LOS ANGELES, CA	TO SUPPORT MISSION OF BUILDING A WORLD WHERE LGBT PEOPLE THRIVE AS HEALTHY, EQUAL, AND COMPLETE MEMBERS OF SOCIETY	$50,000
PROJECT ANGEL FOOD LOS ANGELES, CA	TO SUPPORT MISSION OF PREPARING AND DELIVERING HEALTHY MEALS TO FEED PEOPLE IMPACTED BY SERIOUS ILLNESS	$41,000
OAKWOOD SCHOOL NORTH HOLLYWOOD, CA	TO SUPPORT MISSION OF FOSTERING A LEARNING ENVIRONMENT THAT EMPHASIZES ACTION, BELONGING, AND CURRICULUM	$35,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL LOMBARDO	PRESIDENT	1	—
CHARLES L WARD III	SECRETARY	1	—
GARY SCHNEIDER	CHIEF FINANCIAL OFFICER	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Ward-lombardo Foundation Inc?

Ward-lombardo Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SHERMAN OAKS, CA. It holds $312K in total assets as of 2024.

How large is Ward-lombardo Foundation Inc?

As of 2024, Ward-lombardo Foundation Inc holds $312K in total assets with $28K in annual revenue. It awarded 3 grants totaling $126K in 2024.

Where does Ward-lombardo Foundation Inc operate?

Ward-lombardo Foundation Inc has awarded grants in California, District of Columbia.

What size grants does Ward-lombardo Foundation Inc award?

In 2024, Ward-lombardo Foundation Inc awarded 3 grants totaling $126K — an average of about $42K per grant, based on its IRS Form 990 filings.

How much is Ward-lombardo Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ward-lombardo Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.