Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
76 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
23 people listed on the 990; $143K paid to officers and key staff.
Kelly Anoe’s $141K as President is at the 13th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Carolyn Saxton | — | — | $103,076 | $153,536 | $142,670 |
| Kelly Anoe | $141,233 | $130,819 | $111,954 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Secures public and private endowments to distribute grants and college scholarships for community-enhancing projects, local charitable organizations, and post-secondary education.
Questions for Legacy Foundation INC
Your first name shows with your question. Legacy Foundation INC answers here, for everyone.
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Legacy foundation provided total grants and scholarships in 2020 of 3,695,243. Operational support was provided for ongoing operations. This included amounts for equipment, supplies, programming and services to several charitable organizations. College scholarships were awarded for individuals.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.3M | $3.4M |
| InvestmentsLn 11–13 | $65.0M | $69.8M |
| Land, buildings, equipmentLn 10c | $73K | $34K |
| Total assetsLn 16 | $67.6M | $82.7M |
| LiabilitiesLn 26 | $10.3M | $11.4M |
| Net assetsLn 32 | $57.3M | $71.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3.3M | $3.3M | ||
| Grants to domestic individualsLn 2 | $437K | $437K | ||
| Pay of current officers, directors and key staffLn 5 | $143K | $56K | $67K | $20K |
| Other salaries and wagesLn 7 | $412K | $162K | $192K | $58K |
| Pension plan contributionsLn 8 | $52K | $19K | $25K | $8K |
| Payroll taxesLn 10 | $42K | $16K | $19K | $6K |
| Management feesLn 11a | $688K | $688K | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Investment management feesLn 11f | $367K | $367K | ||
| Other fees for servicesLn 11g | $51K | $51K | ||
| Advertising and promotionLn 12 | $21K | $85 | $21K | |
| Office expensesLn 13 | $9K | $3K | $4K | $1K |
| Information technologyLn 14 | $79K | $25K | $42K | $13K |
| OccupancyLn 16 | $90K | $28K | $47K | $14K |
| Conferences, conventions and meetingsLn 19 | $10K | $4K | $5K | $1K |
| Depreciation, depletion and amortizationLn 22 | $13K | $4K | $7K | $2K |
| InsuranceLn 23 | $4K | $1K | $2K | $585 |
| Other expenses (24a–d)Ln 24 | $1.0M | $1.0M | $2K | $735 |
| All other expensesLn 24e | $32K | $8K | $14K | $10K |
| Total functional expensesLn 25 | $6.7M | $5.1M | $1.5M | $156K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $43.1M | $8.0M | $35.1M | $110.8M | 990 PDF |
| FY2023 | $4.9M | $6.1M | −$1.2M | $73.1M | 990 PDF |
| FY2022 | $981K | $5.6M | −$4.6M | $65.4M | 990 PDF |
| FY2021 | $23.4M | $5.8M | $17.6M | $78.0M | 990 PDF |
| FY2020 Viewing | $16.1M | $6.7M | $9.4M | $71.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $16,103,447 revenue, 12 lines filed
Part VI · Governance 22 of 22 board members independent, no flags
Part VIII · Statement of revenue $16,103,447 across 8 lines filed
Part IX · Statement of functional expenses $6,741,036 across 19 lines filed
Part X · Balance sheet $82,702,603 assets, 15 lines filed
Part XI · Reconciliation of net assets $71,291,418 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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