2024-04-25T08:40:17-05:00 2023-12-31 350921680 CROWE LLP 575 MARKET STREET SUITE 3300 SAN FRANCISCO CA 941055829 990 2023-01-01 823293510 LUTHER BURBANK CORPORATION FOUNDATION LUTH 7075239876 520 3RD ST 4TH FL SANTA ROSA CA 95401 LAURA TARANTINO CFO 7075239876 2024-04-24 1 LAURA TARANTINO 999009999 0 DIANE KIRMACI P01578407 4155761100 2024-04-24 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z X LAURA TARANTINO 520 3RD ST 4TH FL SANTA ROSA CA 95401 0 0 X N/A X 2017 CA MAKING CONTRIBUTIONS FOCUSED ON THE THREE PRIORITY AREAS OF (1) SOCIAL AND HUMAN SERVICES; (2) COMMUNITY DEVELOPMENT; AND (3) EDUCATION. X 8 8 0 8 0 0 283861 0 0 0 0 0 0 0 283861 0 242600 738564 0 0 0 0 0 0 0 4923 20901 247523 759465 36338 -759465 759465 0 0 0 759465 0 X LUTHER BURBANK CORPORATION FOUNDATION (THE "FOUNDATION") IS A GRANT-MAKING, OPERATING PUBLIC CHARITY. THE BOARD OF DIRECTORS AND THE OFFICERS OF THE FOUNDATION DONATE MUCH OF THE NET INCOME EARNED BY THE FOUNDATION AND THE PRINCIPAL THEREOF AS THEY DEEM APPROPRIATE TO QUALIFY AS AN INTERNAL REVENUE CODE ("CODE") SECTION 501(C)(3) CHARITABLE ORGANIZATION. THE FOUNDATION'S ACTIVITIES PRIMARILY CONSIST OF MAKING GRANTS IN THREE HIGH PRIORITY AREAS: SOCIAL AND HUMAN SERVICES, COMMUNITY DEVELOPMENT AND EDUCATION TO FOSTER AND PROMOTE FINANCIAL ASSISTANCE INCLUDING OUTREACH AND EDUCATION TO THE GENERAL PUBLIC. 0 1 379854 379854 SOCIAL AND HUMAN SERVICES -THE FOUNDATION PROVIDES GRANT REQUESTS TO INDIVIDUALS AND TO SOCIAL AND HUMAN SERVICE ORGANIZATIONS WITHIN LOW-AND MODERATE-INCOME ("LMI") COMMUNITIES TO:- PROVIDE BASIC NEEDS ASSISTANCE- ENSURE ACCESS TO HEALTH AND MENTAL HEALTH PROGRAMS- PROMOTE CHILD AND YOUTH SERVICES 245855 245855 COMMUNITY DEVELOPMENT - THE FOUNDATION PROVIDES GRANT REQUESTS THAT SUPPORT THE IMPROVEMENT OF LMI COMMUNITIES THOUGH PROGRAMS THAT:- CREATE AND SUSTAIN HOUSING - DESIGNATED AS AFFORDABLE AND/OR DEEMED IN FEDERAL DISASTER AREAS- PROMOTE ECONOMIC DEVELOPMENT BY PROVIDING FINANCING FOR SMALL BUSINESS OR FARMS- PROVIDE JOB TRAINING AND WORKFORCE DEVELOPMENT 112855 112855 EDUCATION - THE FOUNDATION PROVIDES GRANT REQUESTS TO SUPPORT ORGANIZATIONS THAT:- PROMOTE ACADEMIC ACHIEVEMENT FOR LMI STUDENTS WITH A PRIORITY EMPHASIS ON K-12- PROVIDE TRAINING FOR TEACHERS AND ADMINISTRATORS WORKING WITH LMI STUDENTS- ENCOURAGE ACCESS TO TECHNICAL, POST-SECONDARY EDUCATION OPPORTUNITIES 738564 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 CA X LAURA TARANTINO 7075239876 520 3RD ST 4TH FLOOR SANTA ROSA CA 95401 X VICTOR S TRIONE DIRECTOR 1.00 39.00 X 0 0 0 SIMONE LAGOMARSINO PRESIDENT AND CEO 0.20 39.80 X X 0 0 0 LAURA TARANTINO TREASURER/CEO 0.20 39.80 X X 0 0 0 GREG SMITH SECRETARY 0.20 39.80 X X 0 0 0 TAMMY MAHONEY DIRECTOR 3.00 37.00 X 0 0 0 KRISTEN WILBUR DIRECTOR 1.00 39.00 X 0 0 0 TRINITY KENT DIRECTOR 1.00 39.00 X 0 0 0 MONA GAIL BAKER DIRECTOR 1.00 39.00 X 0 0 0 LOIS BAXTER DIRECTOR (THROUGH JUNE 2023) 0.10 19.90 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 738564 738564 10000 10000 10348 10348 553 553 759465 738564 20901 0 759465 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 759465 0 0 0 X 759465 0 0 0 0 0 759465 0 759465 0 -759465 0 X 0 0 0 X 510574 423307 428012 283861 0 1645754 510574 423307 428012 283861 1645754 1411078 234676 1645754 0.14260 0.12830 X LUTHER BURBANK CORPORATION FOUNDATION ('FOUNDATION') MADE EFFORTS TO INCREASE ITS PUBLIC SUPPORT PERCENTAGE DURING 2022 BY MAKING ADDITIONAL SOLICITATIONS FOR MONTHLY GIVING FROM NEW DONORS. AS A RESULT OF THOSE SOLICITATIONS, THE FOUNDATION WAS ABLE TO INCREASE THE NUMBER OF INDIVIDUAL DONORS, AND ITS PUBLIC SUPPORT PERCENTAGE REMAINED ABOVE THE 10% THRESHOLD. IN 2023, THE FOUNDATION HAS TAKEN STEPS TO WIND DOWN ITS OPERATIONS AND HAS NOW BEEN DISSOLVED. 1 WASHINGTON FEDERAL FOUNDATION 425 PIKE STREET SEATTLE WA 98101 208777284 501(C)(3) 152564 0 FOR COMMUNITY NON-PROFITS NEIGHBORHOOD HOUSING SERVICES OF LA 3926 WILSHIRE BLD LOS ANGELES CA 90010 953938955 501(C)(3) 80000 0 HOMEBUYER ASSISTANCE THE LIVING ROOM CENTER 1207 CLEVELAND AVE SANTA ROSA CA 95401 582675876 501(C)(3) 56000 0 WOMEN/CHILDREN SHELTER NEIGHBORWORKS ORANGE COUNTY 128 E KATELLA AVE ORANGE CA 92867 953130152 501(C)(3) 51000 0 HOMEBUYER ASSISTANCE COMMUNITY ACTION PSHIP SONOMA 2250 NRTHPOINT PKWAY SANTA ROSA CA 95407 941648949 501(C)(3) 30000 0 FINANCIAL LITERACY PROGRAM CATHOLIC CHARITIES OF THE DIOCESE OF SR 987 AIRWAY CT SANTA ROSA CA 95403 942479393 501(C)(3) 25000 0 PROJECT TACKLING POVERTY COUNCIL ON AGING FOR SENIORS 30 KAWANA SPRINGS RD SANTA ROSA CA 95404 946138714 501(C)(3) 20000 0 SENIOR PROGRAMS CLEARINGHOUSE CDFI 23861 EL TORO ROAD LAKE FOREST CA 92630 330735318 15000 0 AFFORDABLE HOUSING UNION RESCUE MISSION 545 S SAN PEDRO ST LOS ANGELES CA 90013 951709293 501(C)(3) 15000 0 FIGHT HOMELESSNESS COMMITTE ON THE SHELTERLESS PO BOX 2744 PETALUMA CA 94953 680176855 501(C)(3) 15000 0 FIGHT HOMELESSNESS ORANGE COUNTY COMMUNITY HOUSING CORP 501 N GOLDEN CIRCLE DR SANTA ANA CA 92705 953221290 501(C)(3) 10500 0 AFFORDABLE HOUSING HOUSING HOPE 5830 EVERGREEN WAY EVERETT WA 98203 943060709 501(C)(3) 10500 0 AFFORDABLE HOUSING SHALOM CENTER FOR TREE OF LIFE 2975 WILSHIRE BLVD STE 415 LOS ANGELES CA 90010 330786965 501(C)(3) 10000 0 HOMEBUYER ASSISTANCE JUNIOR ACHIEVEMENT OF NORTHERN CA 3003 OAK ROAD SUITE 109 WALNUT CREEK CA 94597 941322179 501(C)(3) 10000 0 YOUTH PROGRAMS BURBANK HOUSING DEVELOPMENT CORP 1425 CORPORATE CENTER PARKWAY SANTA ROSA CA 95407 942837785 501(C)(3) 10000 0 AFFORDABLE HOUSING BOYS & GIRLS CLUBS OF LONG BEACH 3635 LONG BEACH BLVD LONG BEACH CA 90807 951643977 501(C)(3) 10000 0 YOUTH PROGRAMS HOPE BUILDERS 801 N BROADWAY SANTA ANA CA 92701 593816355 501(C)(3) 10000 0 YOUTH PROGRAMS SONOMA COUNTY ECON DEVELOP 141 STONY CIR SANTA ROSA CA 95401 943397043 501(C)(3) 10000 0 EXPANSION OF BUSINESS JOBS HISPANIC FOUNDATION OF SILICON 1961 THE ALAMEDA SAN JOSE CA 95126 770481921 501(C)(3) 7500 0 COLLEGE SUCCESS RICHSTONE FAMILY CENTER 13634 CORDARY AVE HAWTHORNE CA 90250 237373745 501(C)(3) 8000 0 CHILD ABUSE PREVENTION NO LIMITS FOR DEAF CHILDREN 9801 WASHINGTON BLVD CULVER CITY CA 90232 954603048 501(C)(3) 7500 0 YOUTH PROGRAMS DOWNTOWN STREETS INC 1671 THE ALAMEDA SUITE 301 SAN JOSE CA 95126 205242330 501(C)(3) 7500 0 FIGHT HOMELESSNESS HOPE THE MISSION 16641 ROSCOE PLACE NORTH HILLS CA 91343 272053273 501(C)(3) 7500 0 FIGHT HOMELESSNESS SECOND HARVEST OF SILICON 750 CURTNER AVENUE SAN JOSE CA 95125 942614101 501(C)(3) 7500 0 FIGHT HUNGER SUNDAY FRIENDS FOUNDATION 645 WOOL CREEK DR 2ND FLOOR SUITE SAN JOSE CA 95112 770518937 501(C)(3) 7500 0 PROGRAMS ADDRESSING POVERTY BOYS & GIRLS CLUB -SONOMA 1400 N DUTTON AVE 24 SANTA ROSA CA 95401 680309534 501(C)(3) 7500 0 YOUTH PROGRAMS 25 1 PART I, LINE 2: LUTHER BURBANK CORPORATION FOUNDATION (FOUNDATION) GRANT MONITORING IS COMPRISED OF CONTROLS THAT ASSIST SUB RECIPIENTS TO ENSURE COMPLIANCE WITH APPLICABLE REGULATIONS, LAWS, AND GRANT SUB AWARD PROVISIONS. THE FOUNDATION MAINTAINS ONGOING COMMUNICATION WITH SUB RECIPIENTS TO PROVIDE PROGRAMMATIC GUIDANCE AND REVIEW INCLUDING SITE VISITS TO VALIDATE GRANT AWARD FUNDS ARE BEING SPENT TO FURTHER THE GRANT OBJECTIVES. PERIODIC SITE VISITS ARE CONDUCTED TO REVIEW A SUB RECIPIENTS' OVERALL IMPLEMENTATION OF THE PROGRAM, ADHERENCE TO PROGRAM GUIDELINES AND ACHIEVEMENT OF GRANT SUB AWARD GOALS AND OBJECTIVES AND TO IDENTIFY ISSUES AND PROVIDE TECHNICAL ASSISTANCE AS NEEDED. LEGAL FEES 2023-11-21 10000 FIXED FEE 590663819 HOLLAND AND KNIGHT LLP PO BOX 936937 ATLANTA GA 31193 PARTNERSHIP CASH 2023-12-20 152564 BOOK VALUE 208777284 WASHINGTON FEDERAL FOUNDATION 425 PIKE STREET SEATTLE WA 98101 501(C)(3) 1 0 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: TAMMY MAHONEY PART I, LINE 2E: EXPLANATION OF INVOLVEMENT: WILL BECOME A DIRECTOR OF THE FOUNDATION AND NOT RECEIVE ANY BENEFIT. FORM 990, PART III, LINE 3 ALL PROGRAM SERVICES HAVE CEASED WITH THE DISSOLUTION OF THE FOUNDATION DURING 2023. FORM 990, PART VI, SECTION A, LINE 2 LAURA TARANTINO - BUSINESS RELATIONSHIP KRISTEN WILBUR - BUSINESS RELATIONSHIP TRINITY KENT - BUSINESS RELATIONSHIP VICTOR S. TRIONE - BUSINESS RELATIONSHIP SIMONE LAGOMARSINO - BUSINESS RELATIONSHIP MONA GAIL BAKER - BUSINESS RELATIONSHIP TAMMY MAHONEY - BUSINESS RELATIONSHIP GREG SMITH - BUSINESS RELATIONSHIP LOIS BAXTER - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FINAL 990 WAS REVIEWED BY AT LEAST ONE MEMBER OF THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, EACH CORPORATE OFFICER, THE TOP MANAGEMENT OFFICIAL, THE TOP FINANCIAL OFFICIAL, AND EACH KEY EMPLOYEE OF THE ORGANIZATION, SHALL ANNUALLY SIGN A STATEMENT THAT:1) AFFIRMS THAT THE PERSON HAS RECEIVED A COPY OF THIS CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTOOD THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY; AND 2) DISCLOSES THE PERSON'S FINANCIAL INTERESTS AND FAMILY RELATIONSHIPS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. EACH INSIDER SHALL DISCLOSE TO THE BOARD ALL MATERIAL FACTS REGARDING HIS OR HER INTEREST IN THE TRANSACTION, PROMPTLY UPON LEARNING OF THE PROPOSED TRANSACTION. WITH REGARD TO AN INSIDER, THE BOARD SHALL DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE BOARD MAY ASK QUESTIONS OF AND RECEIVE PRESENTATION(S) FROM THE INSIDER(S) AND ANY OTHER INTERESTED PERSON(S), BUT SHALL DELIBERATE AND VOTE ON THE TRANSACTION IN THEIR ABSENCE. THE BOARD SHALL FOLLOW THE FOLLOWING PROCEDURES IN ORDER TO DECIDE WHAT MEASURES ARE NEEDED TO PROTECT THE ORGANIZATION'S INTERESTS IN LIGHT OF THE NATURE AND SERIOUSNESS OF THE CONFLICT, TO DECIDE WHETHER TO ENTER INTO THE TRANSACTION AND, IF SO, TO ENSURE THAT THE TERMS OF THE TRANSACTION ARE APPROPRIATE: THE BOARD SHALL ASCERTAIN THAT ALL MATERIAL FACTS REGARDING THE TRANSACTION AND THE INSIDER'S CONFLICT OF INTEREST HAVE BEEN DISCLOSED TO THE BOARD AND SHALL COMPILE APPROPRIATE DATA, SUCH AS COMPARABILITY STUDIES, TO DETERMINE FAIR MARKET VALUE FOR THE TRANSACTION. AFTER EXERCISING DUE DILIGENCE, WHICH MAY INCLUDE INVESTIGATING ALTERNATIVES THAT PRESENT NO CONFLICT, THE BOARD SHALL DETERMINE WHETHER THE TRANSACTION IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE TO THE ORGANIZATION; THE MAJORITY OF DISINTERESTED MEMBERS OF THE BOARD THEN IN OFFICE MAY APPROVE THE TRANSACTION. THE MINUTES OF ANY MEETING OF THE BOARD RELATED TO THESE DETERMINATIONS SHALL CONTAIN THE NAME OF EACH INSIDER WHO DISCLOSED OR WAS OTHERWISE DETERMINED TO HAVE AN INTEREST IN A TRANSACTION; THE NATURE OF THE INTEREST AND WHETHER IT WAS DETERMINED TO CONSTITUTE A CONFLICT OF INTEREST; ANY ALTERNATIVE TRANSACTIONS CONSIDERED; THE MEMBERS OF THE BOARD WHO WERE PRESENT DURING THE DELIBERATIONS ON THE TRANSACTION, THOSE WHO VOTED ON IT, AND TO WHAT EXTENT INTERESTED PERSONS WERE EXCLUDED FROM THE DELIBERATIONS; ANY COMPARABILITY DATA OR OTHER INFORMATION OBTAINED AND RELIED UPON BY THE BOARD AND HOW THE INFORMATION WAS OBTAINED; AND THE RESULT OF THE VOTE, INCLUDING, IF APPLICABLE, THE TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE DATE IT WAS APPROVED. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUALS AND THEREFORE THESE QUESTIONS HAVE INTENTIONALLY BEEN ANSWERED NO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. LUTHER BURBANK SAVINGS 520 THIRD STREET 4TH FLOOR SANTA ROSA CA 95401 942906968 BANKING CA C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0