LOTUS ENDOWMENT FUND INC
AI Summary
The Lotus Endowment Fund Inc is a 501(c)(3) supporting foundation located in Miami, Florida, dedicated to securing the financial stability and long-term viability of the Sundari Foundation, which includes the Lotus House Women's Shelter. With an operating budget of $1.6 million and total revenue of $4.2 million for the 2024 filing year, the organization plays a crucial role in providing shelter and residential care for women, children, and youth in need. The Fund does not rely on a single funder for 50% or more of its revenue, ensuring a diverse financial base to support its mission.
Mission Statement
THE LOTUS ENDOWMENT FUND, INC. IS A 501(C)(3) SUPPORTING FOUNDATION FOR THE SUNDARI FOUNDATION, INC. AND ITS INITIATIVES, INCLUDING THE LOTUS HOUSE WOMEN'S SHELTER. THE ENDOWMENT FUND WAS FORMED TO SECURE THE FINANCIAL STABILITY AND LONG-TERM VIABILITY OF THE SUNDARI FOUNDATION, SO THE LOTUS HOUSE WILL SERVE AS A RESOURCE FOR WOMEN, CHILDREN AND YOUTH IN NEED FOR GENERATIONS TO COME. PART III, LINE 1 LOTUS ENDOWMENT FUND, INC. OWNS THE FACILITIES LOCATED AT 2040 NW 7TH AVE, MIAMI, FL 33127 AND 420 NW 35TH STREET, MIAMI, FL 33127 AND LEASES SUCH FACILITIES TO THE SUNDARI FOUNDATION, INC. PURSUANT TO A 50 YEAR LEASE AT AN ANNUAL RENT OF 1 PER YEAR. FOR 2024, THE ANNUAL RENTAL VALUE OF SUCH FACILITIES WAS APPROXIMATELY 219,000. LOTUS VILLAGE II, LLC, A WHOLLY OWNED SUBSIDIARY OF LOTUS ENDOWMENT FUND, INC., OWNS THE VACANT LAND LOCATED AT 219 NW 14TH TERRACE, MIAMI FLORIDA AND LEASES SUCH LAND TO THE SUNDARI FOUNDATION, INC. THERE IS NO RENT OR VALUE ATTRIBUTED TO SUCH LEASED LAND. IT IS P
Cause Areas
1
Shelter and residential care
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is LOTUS ENDOWMENT FUND INC’s budget?
In 2024, LOTUS ENDOWMENT FUND INC reported an annual operating budget of around $1.6 million. More detailed financial information is available to registered users.
What causes does LOTUS ENDOWMENT FUND INC support?
LOTUS ENDOWMENT FUND INC supports work in Shelter and residential care.
Where does LOTUS ENDOWMENT FUND INC operate?
LOTUS ENDOWMENT FUND INC is headquartered in Miami Beach, FL.
Who funded LOTUS ENDOWMENT FUND INC recently?
In 2025, LOTUS ENDOWMENT FUND INC received grants from UNITED WAY MIAMI INC, AMERICAN ONLINE GIVING FOUNDATION INC, and LAUREN B LEICHTMAN & ARTHUR E LEVINE FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LOTUS ENDOWMENT FUND INC received in 2024?
The largest grant to LOTUS ENDOWMENT FUND INC in 2024 exceeds $1 million.