Nonprofit · EIN 58-2629617
LIPTON FOUNDATION
Tax-exempt · NEW YORK, NY 10019
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $10,892 | $425,500 | -$414,608 | $9,299,891 | $0 | $9,299,891 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $8,469
- Interest
- $2,423
Expenses
- Grants and similar amounts paid
- $425,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $425,250
- Excise tax on investment income
- $8,713
Balance sheet and other
- Total assets, start of year
- $9,024,528
- Total assets, end of year
- $9,299,891
- Total liabilities, end of year
- $0
- Net assets, end of year
- $9,299,891
- Fair market value of assets
- $9,299,891
- Qualifying distributions
- $425,250
- Net investment income
- $626,833
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUSAN L LIPTON 51 WEST 52ND STREET, NEW YORK, NY 10019 | PRESIDENT | 5 | $0 |
| MARTIN LIPTON 51 WEST 52ND STREET, NEW YORK, NY 10019 | VICE PRESIDENT/SECRETARY | 2 | $0 |
| KATHERINE B LIPTON 51 WEST 52ND STREET, NEW YORK, NY 10019 | VICE PRESIDENT | 1 | $0 |
| SAMANTHA D LIPTON 51 WEST 52ND STREET, NEW YORK, NY 10019 | VICE PRESIDENT | 1 | $0 |
| CONSTANCE MONTE 51 WEST 52ND STREET, NEW YORK, NY 10019 | TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 51 WEST 52ND STREET, NEW YORK, NY 10019-6119
- In care of
- % PEGGY FINN
- Signed the 990-PF
- SUSAN LIPTON, PRESIDENT
- Phone
- (212) 403-1000
- Return prepared by
- ERNST & YOUNG US LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 58-2629617
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $9,299,891
- Income (IRS master file)
- $10,892
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $7,959 | $369,500 | $9,024,528 | IRS |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about LIPTON FOUNDATION
- What is the EIN of LIPTON FOUNDATION?
- The employer identification number (EIN) of LIPTON FOUNDATION is 58-2629617.
- Is LIPTON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to LIPTON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does LIPTON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LIPTON FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIPTON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of LIPTON FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LIPTON FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $10,892, expenses of $425,500 and total assets of $9,299,891 at year end.
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