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Frank S Lucente Foundation is a private trust based in SOMERSET, PA. The foundation received its IRS ruling in 1998. The principal officer is Somerset Trust Company. It holds total assets of $822K. Annual income is reported at $77K. Total assets have grown from $612K in 2011 to $759K in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Pennsylvania. According to available records, Frank S Lucente Foundation has made 52 grants totaling $154K, with a median grant of $3K. The foundation has distributed between $37K and $43K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $43K distributed across 13 grants. Individual grants have ranged from $500 to $8K, with an average award of $3K. The foundation has supported 15 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$8K
Based on 12 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Frank S Lucente Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in PA.
Frank S Lucente Foundation has distributed a total of $154K across 52 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $500 to $8K.
Frank S Lucente Foundation typically selects its grantees rather than accepting unsolicited proposals.
Frank S Lucente Foundation is headquartered in SOMERSET, PA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frank E Lucente | TRUSTEE | $0 | $0 | N/A |
Total Giving
$45K
Total Assets
$759K
Fair Market Value
$759K
Net Worth
$759K
Grants Paid
$38K
Contributions
N/A
Net Investment Income
$36K
Distribution Amount
$36K
Total: $480K
Total Grants
52
Total Giving
$154K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
15
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyPROMOTE SOCIAL SERVICES | Somerset, PA | $2K | 2023 |
| Boys Girls ClubPROMOTE ACTIVITIES FOR CHILDREN | Somerset, PA | $1K | 2023 |
| Community Foundation For The AllegEDUCATIONAL SCHOLARSHIP | Johnstown, PA | $6K | 2023 |
| Meyersdale BoroughPROMOTE COMMUNITY PROGRAMS & SAFETY | Meyersdale, PA | $4K | 2023 |
| St Philip James ChurchPROMOTE RELIGIOUS ACTIVITIES | Meyersdale, PA | $4K | 2023 |
| Meyersdale Public LibraryPROMOTE LITERACY THROUGH READING | Meyersdale, PA | $4K | 2023 |
| Somerset Food PantryPROVIDE FOOD FOR PEOPLE IN NEED | Somerset, PA | $3K | 2023 |
| Childrens Aid SocietyPROMOTE THE CARE OF CHILDREN | Somerset, PA | $3K | 2023 |
| Next Step CenterAID FOR THE HOMELESS | Somerset, PA | $3K | 2023 |
| United Way Of The Laurel HighlandsAIDING SOCIAL CHANGE TO THE COMM | Johnstown, PA | $2K | 2023 |
| Meyersdale Volunteer FirePROMOTE PUBLIC SAFETY | Meyersdale, PA | $2K | 2023 |
| Meyersdale Area AmbulancePROMOTE EMERGENCY HEALTH CARE TRANS. | Meyersdale, PA | $2K | 2023 |
| Zip With Us IncPROVIDE SUPPORT FOR CHILDREN CANCER | Seven Fields, PA | $1K | 2023 |
| Somerset Humane SocietyPROMOTE THE WELL BEING OF ANIMALS | Somerset, PA | $500 | 2023 |
| Community Foundationfor The AllegEDUCATIONAL SCHOLARSHIP | Johnstown, PA | $8K | 2020 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA