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Lowe's Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 566061689 ✦ Mooresville, NC ✦ Designated as a 501(c)(3)

Overview

What is Lowe's Foundation?

Lowe's Foundation is a charitable organization based in Mooresville, North Carolina, with the address 1000 Lowe's Blvd, ZIP code 28117. The foundation's primary objective is to support nonprofit organizations and public agencies that significantly contribute to safe and affordable housing, skilled trade education, and community improvement. During the past year, the foundation has allocated funds for scholarships aimed at higher education.


Is Lowe's Foundation legitimate?

Lowe's Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lowe's Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Lowe's Foundation?
Who is the CEO of Lowe's Foundation?
What is the revenue of Lowe's Foundation?
Who are the executives of Lowe's Foundation and what are their salaries?
Where can I find the form 990 for Lowe's Foundation?

Mission Statement of Lowe's Foundation

Lowe's Foundation, a philanthropic organization, is dedicated to making a significant impact on communities by funding nonprofit organizations and public agencies. With a primary focus on safe and affordable housing, skilled trade education, and community improvement, the foundation aims to foster sustainable and thriving neighborhoods.

Through its grant-making initiatives, Lowe's Foundation empowers various organizations to carry out initiatives that address critical community needs. The foundation's support for safe and affordable housing efforts enables the provision of shelter and essential services to those in need, ensuring that they have a secure and stable living environment. Furthermore, the organization's commitment to skilled trade education boosts the workforce by equipping individuals with the necessary skills to succeed in various trades and industries.

In addition to these core focus areas, Lowe's Foundation invests in community improvement projects, which can include infrastructure developments, environmental initiatives, and cultural programs. By providing funding for these projects, the foundation plays a pivotal role in enhancing the overall quality of life within the communities it serves.

During the 2023 fiscal year, Lowe's Foundation took strides towards advancing education by offering scholarships for higher education. This investment in human capital not only benefits the recipients but also contributes to the long-term success of their communities by fostering a more educated and skilled workforce. These scholarships represent just one example of the extensive and far-reaching impact of Lowe's Foundation's grant-making efforts.

Impact

This information is meant to be a general summary of Lowe's Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Lowe's Foundation's impact is focused on providing funding for nonprofit organizations and public agencies that have the greatest impact on safe and affordable housing, skilled trade education, and community improvement. They also provide scholarships for higher education. Through their support, they contribute to building stronger communities, educating future tradespeople, and creating pathways to affordable and safe housing. The Foundation's work plays a significant role in promoting positive change and opportunities in these key areas.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $55,808
  • Program Service Revenue: $0
  • Gross Receipts: $15,875,960

    • Assets and Liabilities:
  • Total Assets: $18,802,670
  • Total Liabilities: $870,000
  • Net Assets: $17,932,670
  • Organization Details

    Founding Year

    1957

    Principal Officer

    David R Green

    Main Address

    1000 Lowes Blvd, Mooresville, NC, 28117

    NTEE Category

    Code: B12 - Education

    If you are a representative of Lowe's Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.