Connecticut · Nonprofit
LYFORD CAY FOUNDATION INC
LYFORD CAY FOUNDATION INC (Connecticut) receives grants from 38 organizations whose IRS filings report $4,951,035 to it, the largest being Constance Goulandris Foundation Inc ($3,310,000). 23 of them have funded it in more than one year.
- Revenue FY2024
- $7.0M
- Funders on record
- 38
- Grants received
- $5.0M
- Net assets
- $39M
What Lyford Cay Foundation Inc does
Mission
Lyford cay foundation, inc. Supports the development of the bahamas by investing its resources directly in philanthropic initiatives. The foundation's primary means of achieving this aim is via the awarding of scholarships for post-secondary education and technical training; the support of bahamian not-for-profit charitable organizations targeting the emotional, educational and recreational needs of children and young adults, the environment and other pressing social issues; and to providing effective programs that enhance the preparation of a larger number of bahamian students for post-secondary opportunities and the careers of a globally-competitive world.
As stated on its FY2024 Form 990.
Programs
The foundation provides academic and technical training & vocational scholarships for deserving bahamian students attending colleges, universities and other educational institutions internationally. For the fiscal year 2024, forty-four (44) scholarships were granted to forty (40) institutions, totaling $631,168.
$721,455 spentof which $631,168 as grants42% of program spendingThe foundation provides grants to not-for-profit organizations that seek to improve the general education, health and welfare of the communities that they serve. In 2024, grants were made to twenty (20) organizations, totaling $100,500.
$193,417 spentof which $100,500 as grants11% of program spendingThe foundation provides an education initiative, f.o.c.u.s., which is an eight-year school enrichment programme designed to set under-resourced students on a path to college and career success through weekend and summer classes. In 2024, the programme hosted two hundred forty-two (242) students, for a total cost of $632,071.
$632,071 spent36% of program spendingSpecial projects and volunteer programme
$187,697 spent11% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,734,640.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $33M to $40M (+18%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 1%. Grants only. Government contracts and fees sit inside program revenue.
48% of LYFORD CAY FOUNDATION INC’s revenue is contributions — about as donation-reliant as the typical peer (82% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Dr Nicola Virgill-Rolle Phd
Executive director
Board chair
Mr Basil P Goulandris
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 11 funders to 16 funders, grant income rose $184k → $482k.
9 of 38 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 8% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of LYFORD CAY FOUNDATION INC’s funders (the co-funder graph). Top 30 of 38 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
LYFORD CAY FOUNDATION INC leans on a few funders — its largest provides 67% of grant income and the top three 76%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 27% · 2018 43% · 2019 27% · 2020 26% · 2021 29% · 2022 63% · 2023 62% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
44% of LYFORD CAY FOUNDATION INC's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
LYFORD CAY FOUNDATION INC draws 100% of its grant income from funders outside Connecticut, across 12 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $415k arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
LYFORD CAY FOUNDATION INC runs a healthier operating margin than three-quarters of the 2,910 philanthropy nonprofits its size.
this organization peer median middle 50% of peers· 2,910 philanthropy nonprofits $1M–$10M, FY2024
Organizations like LYFORD CAY FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
71% of spending goes to programs.
Governance
Public support
57%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for LYFORD CAY FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds LYFORD CAY FOUNDATION INC?
- LYFORD CAY FOUNDATION INC (Connecticut) receives grants from 38 organizations whose IRS filings report $4,951,035 to it, the largest being Constance Goulandris Foundation Inc ($3,310,000). 23 of them have funded it in more than one year.
- How many funders does LYFORD CAY FOUNDATION INC have?
- IRS filings report 38 organizations giving $4,951,035 in grants to LYFORD CAY FOUNDATION INC, 23 of which have funded it in more than one year.
- Who is the largest funder of LYFORD CAY FOUNDATION INC?
- Constance Goulandris Foundation Inc is the largest funder on record, with $3,310,000 in grants. The full list of funders is on this page.
- How can an organization like LYFORD CAY FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 38 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing