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EIN 22-2339225

The Loretto Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Syracuse
State
New York
Year formed
1974
Most recent tax filings
2023-12-01
NTEE code, primary
G90: Medical Disciplines
Description
The Loretto Foundation operates solely for the benefit of aged persons and engages in charitable activities. It raises money to support the needs of the Loretto organization and administers the Loretto Foundation community trust, which benefits seniors and disabled individuals in the community through a pooled supplemental needs trust. The income from this trust is restricted for their benefit.
Related structure
The Loretto Foundation is a subordinate organization under Loretto Health and Rehabilitation Center.
Total revenues
$558,263
2023
20182019202120222023$0$2m
Total expenses
$808,446
2023
20182019202120222023$0$1m$2m
Total assets
$2,685,085
2023
20182019202120222023$2m$4m$6m
Num. employees
0
2023
2018201920212022202300.51

Program areas at The Loretto Foundation

The Loretto Foundation administers The Loretto Foundation community trust, a pooled supplemental needs trust, which benefits many seniors and disabled individuals in The community. Income from The pooled trust is restricted for The benefit of members of The trust.
The Loretto Foundation is The fund development segment of The Loretto organization and has responsibility for raising money to support The organization's needs. Gifts to Loretto support The future of quality and accessible longterm health care for The frail elderly in central new york. Loretto has provided service to this population for 90 years. With donations from The community, Loretto will continue to fulfill its mission of providing quality of life for The frail elderly of central new york.

Grants made by The Loretto Foundation

GranteeGrant descriptionAmount
Loretto Health and Rehabilitation CenterSecurity Sytem: $46,309$46,309
Churchill ManorCapital Improvements: $26,795$26,795

Who funds The Loretto Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Northern New York Community Foundation (NNYCF)General Support$25,000
Couvert-Falcone Charitable FoundationGeneral$1,000

Personnel at The Loretto Foundation

NameTitleCompensation
John MurrayChief Financial Officer$0
Julie SheedyChief Marketing and Engagement Officer$38,422

Financials for The Loretto Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$278,900
Program services$151,649
Investment income and dividends$4,857
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$2,672
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$120,185
Total revenues$558,263

Form 990s for The Loretto Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122024-02-23990View PDF
2021-122024-02-23990View PDF
2019-122022-01-05990View PDF
2018-122020-06-04990View PDF
...and 9 more Form 990s
Data update history
May 21, 2024
Updated personnel
Identified 16 new personnel
May 20, 2024
Updated personnel
Identified 6 new personnel
May 19, 2024
Used new vendors
Identified 1 new vendor, including
January 3, 2024
Received grants
Identified 2 new grant, including a grant for $40,000 from Slutzker Family Foundation
June 25, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsProfessional associationsDisease-focused nonprofitsChapter / child organizationsCharities
Issues
HealthMedical disciplines
Characteristics
Provides grantsFundraising eventsEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
700 E Brighton Ave
Syracuse, NY 13205
Metro area
Syracuse, NY
County
Onondaga County, NY
Website URL
lorettocny.org/ 
Phone
(315) 469-5570
IRS details
EIN
22-2339225
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
G90: Medical Disciplines
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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