2023-11-08T19:21:25-06:00 2022-12-31 815052000 Kieckhafer Schiffer LLP 6201 Oak Canyon Drive Suite 200 Irvine CA 926185231 990 2022-01-01 206390272 Laguna Beach Community Foundation LAGU 9497158223 580 Broadway 204 Laguna Beach CA 92651 Thomas P Davis Chairman of the Board 9493762828 2023-11-02 1 Thomas Davis 999009999 1 James C Kieckhafer P00223581 9492503900 2023-11-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Thomas P Davis 580 Broadway Suite 204 Laguna Beach CA 92652 125668 0 X lagunabeachcf.org X 2004 CA The Laguna Beach Community Foundation strengthens our community by encouraging philanthropy. We provide expertise and resources to assist local charities, connect donor passions with nonprofit needs, and work with local professional advisors in assisting their clients in giving now and beyond their lifetimes with a legacy gift. 4 4 0 0 0 0 1134951 119130 15340 6538 -84881 0 7151 0 1072561 125668 2434600 763013 0 0 0 0 0 0 0 51018 23450 2485618 786463 -1413057 -660795 1572272 911477 0 0 1572272 911477 X The Laguna Beach Community Foundation strengthens our community by encouraging philanthropy. We provide expertise and resources to assist local charities, connect donor passions with nonprofit needs, and work with local professional advisors in assisting their clients in giving now and beyond their lifetimes with a legacy gift. 0 0 658170 651632 6538 Terry Smith Trust Fund & Wayne L Peterson Trust Fund:In 2021, the Foundation was the recipient of a large testamentary gift. The donors left instructions for the Foundation as to how to distribute the funds to certain 501(c)(3) organizations.In 2022, following the instructions left by the donors, we distributed $651,632 from the Terry Smith Trust and the Wayne L Peterson Trust Funds to Laguna College of Art and Design ($524,632), Pomona College ($68,000), St. Mary's Episcopal Church ($34,000) and Seaside Legal Services ($25,000). 111381 111381 Laguna COVID-19 Relief Fund:Thanks to philanthropic leaders of the Laguna Beach community, LBCF partnered with the Boys and Girls Club to raise nearly half a million dollars to support members of the community, be they residents or local employees, affected by the COVID-19 pandemic. $441,000 was distributed to nearly 1000 people in need. In 2022, the organization also contributed over $111,000 to Charities Aid Foundation America. To establish and maintain charitable funds to promote philanthropy. 769551 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X Thomas P Davis Chairman 9493762828 580 Broadway Suite 204 Laguna Beach CA 92651 X Nicole Anderson Trustee 1.00 X 0 0 0 James Fletcher Trustee 1.00 X 0 0 0 Greg Mech Trustee 1.00 X 0 0 0 Tom Davis Chairman of the Board 10.00 X 0 0 0 0 0 0 0 0 0 0 0 119130 119130 Asset Management Fees 900099 6538 6538 6538 125668 6538 0 0 763013 763013 6538 6538 15905 15905 1007 1007 786463 769551 16912 0 1572272 911477 1572272 911477 0 0 X 1572272 911477 1572272 911477 1572272 911477 -660795 0 X 0 0 0 X 3901 2005 7832582 2434600 121295 10394383 3901 2005 7832582 2434600 121295 10394383 10394383 15 0 32037 22491 0 54543 10448926 56533 0.99480 0.98980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 31354 15 31127 242 0 1 Seaside Legal Services 301 Forest Ave Laguna Beach CA 92651 463725244 501(c)(3) 25000 0 General Fund St Mary's Episcopal Church Laguna Beach 428 Park Ave Laguna Beach CA 92651 952930257 501(c)(3) 34000 0 General Fund Pomona College 550 N College Avenue Claremont CA 91711 951664112 501(c)(3) 68000 0 General Fund Charities Aid Foundation of America 225 Reinekers Lane Suite 375 Alexandria VA 22314 431634280 501(c)(3) 111380 0 General Fund Laguna College of Art and Design 2222 Laguna Canyon Rd Laguna Beach CA 92651 952415066 501(c)(3) 524633 0 General Fund 5 0 Part I, Line 2: As part of the LBCF grant program, the grantee is required to meet the following: submit a press release to the local media announcing the award with, if possible, photographs of grantor and grantee or the grant accomplishment; send an award announcement to the nonprofit's donors; submit a summary letter at a stipulated time outlining the impact of the grant funds, if the funds are exhausted and photos if possible of the grant application focus. Grants from donor advised funds and other funds under the management of LBCF also include guidelines for reporting. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by management. After management review, the Form 990 is reviewed by the Board of Directors for completeness and accuracy. Upon approval of a majority of the Board, the form is finalized and submitted to the IRS. Form 990, Part VI, Section B, line 12c The policy is reviewed annually and signed. A) The Board of Trustees and management staff, B) disclosure of conflicts to chair, executive committee and must be approved by Board, C) Board review of conflicts, D) person with a conflict shall abstain from a decision involving a vendor, consultant or grantee. Form 990, Part VI, Section C, line 19 LBCF has an open door policy whereby community members may stop by and ask questions during regular business hours.