990 Form

As a 501(c)3 charitable organization and a recognized community foundation, The Luzerne Foundation files annual 990 forms with the Internal Revenue Service. The foundation’s latest filed form is available below. Prior forms are available for public inspection at The Foundation offices.

The Form 990-T, Exempt Organization Business Income Tax return is required to be filed by nonprofit organizations who have $1,000 or more in gross income from an unrelated trade or business. The Community Foundation does not have such income and hence, is not required to file Form 990-T. If the Community Foundation were required to file Form 990-T, it would be made available on this page.

Fund Managers

  • Berkshire Asset Management | 46 Public Square, Suite 700 | Wilkes-Barre, PA 18701
  • PNC Institutional Investments | 201 Penn Avenue | Scranton, PA 18503
  • Morgan Stanley Smith Barney | 1065 Highway 315 | Wilkes-Barre, PA 18702
  • M & T Investment Group | 15 South Franklin Street | First Floor Rosenn Building | Wilkes-Barre, PA 18711
  • Pennsylvania Trust Company
  • National Penn Investors Trust Company

As a participant in our combined managed general endowment portfolio, a fund qualifies for the lowest available investment management fees paid directly to the professional money managers retained by The Luzerne Foundation. The current aggregate investment management fee is just under 0.50% (50 basis points) annualized. This fee applies to funds currently placed with the Fund Managers listed above.

In addition, The Luzerne Foundation automatically accepts an annual community participation contribution in lieu of an administrative fee. This required contribution may vary depending on the size and type of fund established. The current requested contribution for all endowment funds is 0.50% (50 basis points) annualized. Please note: this contribution allows the Foundation not only to assist you and administer all aspects of your fund, but also to fulfill its broader mission as a community resource and facilitator to help improve this community for all.

Therefore, the total fees from all sources for an endowment fund at The Luzerne Foundation is approximately 1.0% annualized.

Investment Strategy Overview and Distribution Policy

Policy on Confidentiality of Records


Form 990

Luzerne Foundation 990 Form – 2016 Public Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2015 Public Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2014 Public Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2013 Public Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2012 Amended Public Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2011 Amended Pubic Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2010 Amended Public Inpsection Copy (PDF)

Luzerne Foundation 990 Form – 2009 Amended Public Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2008 Amended Public Inspection Copy (PDF)

Luzerne Foundation 990 Form – 2007 Amended Public Inspection Copy (PDF)


Audited Financial Statements

Luzerne Foundation Audited Financial Statements for FY Ending 12/31/2016 (PDF)

Luzerne Foundation Audited Financial Statements for FY Ending 12/31/2015 (PDF)

Luzerne Foundation Audited Financial Statements for FY Ending 12/31/2014 (PDF)

Luzerne Foundation Audited Financial Statements for FY Ending 12/31/2013 (PDF)


Asset Allocation(PDF)