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EIN 56-6061689

Lowe's Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mooresville
State
North Carolina
Year formed
1957
Most recent tax filings
2023-01-01
NTEE code, primary
B11: Education Single Organization Support
Description
The Organization's purpose is to provide funding for nonprofit organizations and public agencies that have the greatest impact on safe and affordable housing, skilled trade education, K-12 public education and community improvement.
Also known as...
Lowe's Charitable and Educational Foundation
Total revenues
$15,875,960
2023
Total expenses
$2,489,474
2023
Total assets
$18,802,670
2023
Num. employees
0
2023

Program areas at Lowe's Foundation

During the year ended January 31, 2023, the organization provided funding for scholarships for higher education.
During the year ended January 31, 2023, the organization helped 7 community improvement organziations. Assistance was given to aid in the betterment of various community centers, to support safe & affordable housing, and advance skilled trade education.

Grants made by Lowe's Foundation

GranteeGrant descriptionAmount
United Way of Greater CharlotteSafe Affordable Housing$500,000
Rebuilding Together of Greater CharlotteSafe Affordable Housing$350,000
She Built This CitySkilled Trades$350,000
...and 4 more grants made

Who funds Lowe's Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$31,725
Assurant FoundationFinancial Assistance$31,725
In His Steps FoundationGeneral Support$30,000
...and 4 more grants received

Financials for Lowe's Foundation

RevenuesFYE 01/2023
Total grants, contributions, etc.$15,820,152
Program services$0
Investment income and dividends$55,808
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$15,875,960
Data update history
November 26, 2024
Received grants
Identified 2 new grant, including a grant for $31,725 from Assurant Foundation
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $211,110 from American Online Giving Foundation
February 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 6, 2024
Updated personnel
Identified 4 new personnel
December 31, 2023
Received grants
Identified 3 new grant, including a grant for $30,000 from The Gibson Dunn and Crutcher Foundation
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
EducationCommunity improvement
Characteristics
Provides grantsFundraising eventsTax deductible donationsNo full-time employees
General information
Address
1000 Lowes Blvd
Mooresville, NC 28117
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Iredell County, NC
Phone
(704) 758-2009
IRS details
EIN
56-6061689
Fiscal year end
January
Taxreturn type
Form 990
Year formed
1957
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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