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LCU Fund for Women's Education

Profile

Last Updated: 2016-05-11

At A Glance

LCU Fund for Women's Education

(formerly LCU Foundation)

244 5th Ave., Ste. 200

New York City, NY United States 10001-7604

Telephone: (212) 627-4555

URL: www.lcufund.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $17,729,650

Total giving: $711,000

EIN

135562262

BRIDGE Number

5368763380

Background

Established in 1858 in NY - In 1858, a group of New York women saw the need for safe, affordable housing for young single women working in New York City. They organized the Ladies' Christian Association, soon renamed Ladies' Christian Union (LCU), to meet this pressing need. Not only did the young women need housing, they needed jobs, so in 1872 a branch of the Ladies' Christian Union was founded to locate jobs; a branch that eventually became the Young Women's Christian Association (YWCA). The LCU raised money to buy brownstone buildings and convert them into housing for young working women. Throughout financial panics, depressions, and wars, the LCU created vital housing opportunities. In 2000, the LCU decided to sell these houses to establish an endowment fund. With this fund, the LCU would be able to provide New York City educational institutions with housing grants to assist female students in financial need. In 2003, the LCU officially became known as the LCU Foundation. In February of 2013 the LCU Foundation Board of Directors ushered in a new era for the foundation by supporting a change in name to the LCU Fund for Women's Education. With a name that better communicates the broader intent of what the foundation does and whom it serves, the board hopes to engage new audiences and expand support for its mission. The LCU Fund for Women's Education welcomes contributions to help women who are determined to complete their education and leave a positive impact on our society.

Purpose and Activities

Giving primarily to colleges and universities for housing stipends for female students.

Fields of Interest

Subjects
  • Education
  • Graduate and professional education
  • Higher education
  • Housing development
Population Groups
  • Academics
  • Children and youth
  • Females

Financial Data

Year ended 2014-12-31

Assets: $17,729,650 (market value)

Gifts received: $72,388

Expenditures: $952,027

Total giving: $711,000

Qualifying distributions: $872,596