2025-11-12T15:32:35-05:00 2024-12-31 PWC US TAX LLP 655 NEW YORK AVE NW SUITE 1100 WASHINGTON DC 20001 990 2024-01-01 861970328 LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY % CAROL LUDWIG LUDW 2023601052 1700 PENNSYLVANIA AVE NW Suite 500 WASHINGTON DC 20006 EUGENE LUDWIG PRESIDENT 2023601052 2025-11-11 true true TRAVIS L PATTON P00369623 2024141000 2025-11-10 2024 2025-03-06 01:10:19Z EUGENE LUDWIG 1700 PENNSYLVANIA AVE NW SUIT WASHINGTON DC 20006 69 false X WWW.LISEP.ORG X 2021 DC IMPROVE THE ECONOMIC WELL-BEING OF MIDDLE- AND LOWER-INCOME AMERICANS THROUGH RESEARCH, EDUCATION, POLICY, AND ADVOCACY. 2 2 0 2 0 0 0 0 0 0 0 0 0 69 0 69 0 0 0 0 0 0 0 0 0 105010 54203 105010 54203 -105010 -54134 139278 85146 1631242 0 -1491964 85146 X IMPROVE THE ECONOMIC WELL-BEING OF MIDDLE- AND LOWER-INCOME AMERICANS THROUGH RESEARCH, EDUCATION, POLICY, AND ADVOCACY. false false 0 ECONOMIC RESEARCH AND ANALYSIS - LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY ("LISEP") CONDUCTED ECONOMIC RESEARCH AND ANALYSIS TO STUDY THE FINANCIAL WELL-BEING OF LOWER- AND MIDDLE-INCOME AMERICANS: THE PURPOSE OF THE RESEARCH WAS TO IDENTIFY GAPS IN CURRENT ECONOMIC STATISTICS AND TO PROPOSE AND PUBLISH ALTERNATIVE METRICS THAT PROVIDE A MORE NUANCED VIEW OF ECONOMIC TRENDS, WITH AN EMPHASIS ON THE DAILY REALITIES THAT THIS POPULATION FACES. PUBLISHING AND DISSEMINATING ECONOMIC RESEARCH AND ANALYSIS: THE MAIN GOAL IS TO ALLOW FOR THE ECONOMIC RESEARCH AND ANALYSIS TO BE WIDELY AVAILABLE TO THOUGHT LEADERS, ECONOMIC EXPERTS, POLICYMAKERS, PUBLIC OFFICIALS, AND THE GENERAL PUBLIC. THE FORMS OF MEDIA WHERE THE FINDINGS WOULD BE INCLUDE ARTICLES, NEWSLETTERS, AND LISEP'S WEBSITE AS WELL AS NEWS MEDIA, ACADEMIC JOURNALS, PODCASTS, ETC. LISEP HOPES THAT THE PUBLICATION OF NEW STATISTICS WILL LEAD TO TRACTION AMONGST RELEVANT AUDIENCES SO THEY WILL BETTER UNDERSTAND THE ECONOMIC PREDICAMENT OF LOW- AND MIDDLE-INCOME AMERICANS. PROVIDE GRANTS TO NONPROFIT INSTITUTIONS THAT HELP LOW- AND MIDDLE-INCOME PEOPLE SUCCEED IN LIFE. LISEP SOUGHT TO GRANT FUNDING TO A COUPLE OF NONPROFIT INSTITUTIONS THAT COULD MEANINGFULLY HELP PEOPLE IN NEED OF A LOW-INTEREST SMALL BUSINESS LOAN OR WHO NEEDED GAP FUNDING TO BE ABLE TO CONTINUE WITH A SKILLS TRAINING COURSE AT A COMMUNITY COLLEGE. THE PURPOSE OF THE COURSE IS TO GAIN THE SKILLS FOR BETTER-PAYING EMPLOYMENT BUT SOME STUDENTS CANNOT GO THROUGH WITH THE TRAINING IF THEY DON'T HAVE FUNDING FOR FOOD AND BILLS, WHICH IS WHAT THE LISEP FUNDING IS INTENDED FOR. 0 false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 2 2 true false false false false false false true true false false true true false true true true false false false X CAROL LUDWIG 2023601052 1700 PENNSYLVANIA AVE NW SUITE 500 WASHINGTON DC 20006 X EUGENE LUDWIG DIRECTOR, PRESIDENT 1.0 2.0 X X 0 0 0 CAROL LUDWIG DIRECTOR, SECRETARY 1.0 10.0 X X 0 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 REFUND OF PRIOR INSURANCE EXPENSE 69 69 69 69 0 69 X 0 0 0 0 0 0 0 0 0 0 0 0 23953 0 0 0 0 30000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 DC STATE TAXES 250 0 54203 0 0 0 94428 40296 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41185 0 41185 41185 0 0 0 0 0 0 0 0 3665 3665 139278 85146 1630883 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 359 0 1631242 0 X -1491964 85146 0 0 -1491964 85146 139278 85146 -54134 1631244 X false false false 0 41185 0 41185 41185 PART VI, SECTION A, LINE 2 EUGENE LUDWIG AND CAROL LUDWIG HAVE A FAMILY RELATIONSHIP. PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO EVERY BOARD MEMBER PRIOR TO FILING IT WITH THE IRS. PART VI, SECTION B, LINE 12A LUDWIG INSTITUTE FOR SHARED ECONOMIC PROSPERITY'S ("LISEP") CONFLICT OF INTEREST POLICY STATES THAT MEMBERS OF THE BOARD OF DIRECTORS HAVE AN OBLIGATION TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST TO LISEP. IN RESPONSE TO ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, THE BOARD OF DIRECTORS WILL TAKE MITIGATING ACTIONS TO ENSURE THAT NO IMPROPER BENEFITS ARE RECEIVED THROUGH A TRANSACTION AND THAT THE FAIRNESS OR PROPRIETY OF LISEP'S DECISION-MAKING PROCESSES ARE NOT CALLED INTO QUESTION, INCLUDING RECUSAL OF THE INTERESTED PERSON FROM THE EVALUATION AND VOTE WITH RESPECT TO THE TRANSACTION. IF THERE ARE NO DISINTERESTED BOARD MEMBERS TO EVALUATE AND APPROVE A TRANSACTION, THEN THE BOARD MAY NEVERTHELESS APPROVE A TRANSACTION IF THE BOARD DETERMINES THAT THE TRANSACTION IS IN LISEP'S BEST INTEREST, FOR ITS OWN BENEFIT, AND FAIR AND REASONABLE TO LISEP, TAKING INTO ACCOUNT THE RELEVANT INFORMATION AND FACTS. IN DOING SO, THE BOARD MUST DETERMINE THAT LISEP WILL MAKE PAYMENTS OF NOT MORE THAN FAIR MARKET VALUE, OR RECEIVE PAYMENTS OF NOT LESS THAN FAIR MARKET VALUE, AS THE CASE MAY BE, SO THAT THE TERMS OF THE TRANSACTION APPROXIMATE AS NEARLY AS POSSIBLE TERMS THAT WOULD BE APPROVED IN AN ARM'S LENGTH TRANSACTION. PART VI, SECTION B, LINE 15 LISEP DOES NOT COMPENSATE ANY OF ITS OFFICERS. FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:30000 CAROL AND GENE LUDWIG FAMILY FOUNDATION 1700 PENNSYLVANIA AVE NW SUITE 500 WASHINGTON DC 20006 562305290 GRANTMAKING DC 501(C)(3) PF NA false LUDWIG INSTITUTE FOR SHARED ECONOMIC PRO 1700 PENNSYLVANIA AVE NW SUITE 500 WASHINGTON DC 20006 921070406 GRANTMAKING DC 501(C)(3) PF NA false false false false false false false false false false false false false false false false false false false false