LM1983 Inc
Preselected recipients only
LM1983 Inc is a private foundation in Tustin, California. In tax year 2024 it gave $348,333 in 8 grants; the typical grant was $32,000 and the largest $100,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$348,333
- Number of grants8
- Typical grant$32,000
- Largest grant$100,000
- Assets$9.7 million
- New grantees38%
Giving in 2024 was down from $369,833 the year before.
38% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $369,833 | 5 | $7.8 million |
| 2024 | $348,333 | 8 | $9.7 million |
How to apply
LM1983 Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What LM1983 Inc funds
Where it gives
Its grants went to recipients in 2 states, the most to California.
| State | Grants | Amount |
|---|---|---|
| California | 7 | $338,333 |
| New Hampshire | 1 | $10,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Hoag Hospital Foundation | Donation | $100,000 |
| Uci Foundation | Donation | $100,000 |
| Choc Children's Foundation | Donation | $63,333 |
| CHP 11-99 Foundation | Donation | $44,000 |
| Harbor Day School Endowment Corp | Donation | $20,000 |
| Proctor Academy Development Office | Donation | $10,000 |
| University of San Diego | Donation | $10,000 |
| Pebble Beach Company Foundation | Donation | $1,000 |
Officers and trustees
- Brittany Welch
- Courtney Welch
- Michu Welch
- Brendan Welch
Questions people ask
Does LM1983 Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does LM1983 Inc give?
$348,333 in tax year 2024, across 8 grants, with a typical grant of $32,000.
Who runs LM1983 Inc?
Its 2024 filing lists Brittany Welch (Secretary), Courtney Welch (Chief Financial Officer), Michu Welch (Director) and Brendan Welch (President).
What does LM1983 Inc fund?
Based on its grants, mainly education.