Skip to the page content
Your donations
Passes our checks

Lathamcares Colleague Assistance Fund

EIN 46-5018518 · Los Angeles, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

LATHAMCARES OFFERS SHORT-TERM FINANCIAL RELIEF TO LATHAM & WATKINS LLP COLLEAGUES AND AFFILIATES FACING SIGNIFICANT AND/OR UNFORESEEN HARDSHIPS, SUCH AS MEDICAL EMERGENCIES, NATURAL DISASTERS, OR OTHER CRISES BEYOND THEIR CONTROL.

Income
$571,614
Spending
$186,882
Spent on programs
93%
Reserves
54.2 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
0

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 79% of charities in its peer group (philanthropy, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 54.2 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 67% of income.

  • Income trend

    15 of 15

    Income rose 2295% on the year before.

  • Spending floor

    15 of 15

    93% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 76 out of 100. Higher than 54% of charities in its peer group (philanthropy, $250k to $1m).

  • Independent board

    5 of 25

    0 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $142,549 spent. IN 2025, LATHAMCARES ESTABLISHED A RESTRICTED WILDFIRE RELIEF FUND IN RESPONSE TO THE SOUTHERN CALIFORNIA WILDFIRES TO PROVIDE FINANCIAL ASSISTANCE TO AFFECTED COLLEAGUES AND OTHER INDIVIDUALS CONNECTED TO THE FIRM. FUNDS WERE USED TO SUPPORT THOSE FACING DISPLACEMENT, PROPERTY LOSS, AND RELATED FINANCIAL HARDSHIP, INCLUDING GRANTS FOR ESSENTIAL NEEDS SUCH AS TEMPORARY HOUSING, BASIC SUPPLIES, AND REPAIRS. TO PROVIDE TIMELY RELIEF, GRANTS WERE APPROVED BY THE BOARD THROUGH AN EXPEDITED PROCESS. IN 2025, LATHAMCARES DISTRIBUTED $142,549 IN RESTRICTED GRANTS FOR THIS PURPOSE. ANY REMAINING RESTRICTED FUNDS WERE TRANSFERRED TO THE GENERAL FUND, PER A BOARD RESOLUTION.
  2. $31,000 spent. LATHAMCARES PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO INDIVIDUALS AFFILIATED WITH LATHAM & WATKINS LLP WHO ARE EXPERIENCING PERSONAL FINANCIAL HARDSHIP DUE TO UNFORESEEN CRISES. IN 2025, LATHAMCARES DISTRIBUTED $31,000 TO FOUR INDIVIDUALS FOR THIS PURPOSE.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.