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The Lenfest Foundation, Inc.

Profile

Last Updated: 2016-09-16

At A Glance

The Lenfest Foundation, Inc.

100 N. 18th St., Ste. 800, Two Logan Sq.

Philadelphia, PA United States 19103-2743

Telephone: (215) 239-9003

URL: www.lenfestfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2015-06-30)

Assets: $98,855,903

Total giving: $6,132,130

EIN

233031350

Background

Established in 2000 in PA - Founded by Mr. and Mrs. H. F. Lenfest. Mr. Lenfest is a media entrepreneur and philanthropist, establishing the foundation following the sale of Lenfest Communications to Comcast in 2000 for $6.7 billion. Gerry and Marguerite Lenfest have committed to The Giving Pledge, and have pledged to give away at least half of their wealth to philanthropy.

Purpose and Activities

Giving primarily for the foundation's own rural education scholarship programs, major project support initiated by the foundation's founders, and approved by its Board of Directors. Limited number of grants in the areas of education, arts, and the environment.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Founder's Grants

The foundation maintains a budget for grants reviewed and approved by its founders. These grants generally range from $5,000 to $25,000 and will continue to go primarily to organizations that the foundation has consistently supported in the past. Although the foundation is not seeking requests from organizations that have not received prior support, it will consider letters of inquiry for potential new founder’s grants from Philadelphia area qualified public charities that work in the areas of career and technical education, early childhood education and out of school time programs.

Grants to Individuals Program

Scholarships to students graduating from selected high schools in PA.

Lenfest College Scholarship Program

The program is open to students in their junior year at the following Pennsylvania high schools: 1) Chambersburg Area Senior High School; 2) Fannett Metal High School; 3) Greencastle Antrim High School; 4) James Buchanan High School; 5) Waynesboro Area Senior High School; 6) Bermudian Springs High School; 7) Biglerville High School; 8) New Oxford High School; 9) Fairfield High School; 10) Pequea Valley High School; 11) Octorara High School; and 12) Upper Perkiomen High School; 13) South Western Senior High School; and 14) Spring Grove Area High School. Students must complete an application along with providing a list of achievements, activities, and an essay. After this initial phase, semifinalists will be identified and asked to provide additional information. Finalists will then be selected and asked to participate in interviews. The selection committee will consider a student's ambition to succeed at a challenging college or university, academic achievement and potential, leadership qualities, personal development and maturity, and family financial need. The program provides up to $12,000 a year for four years toward the cost of an accredited U.S. private college and up to $7,500 a year toward the cost of an accredited U.S. public college.

Fields of Interest

Subjects
  • Arts and culture
  • Education
  • Environment
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2015-06-30

Assets: $98,855,903 (market value)

Expenditures: $7,582,763

Total giving: $6,132,130

Qualifying distributions: $7,099,769

Giving activities include:

$5,069,600 for 57 grants (high: $1,500,000; low: $3,000)

$1,062,530 for grants to individuals