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La-Z-Boy Foundation is a private corporation based in MONROE, MI. The foundation received its IRS ruling in 1955. It holds total assets of $26.4M. Annual income is reported at $19.3M. Total assets have grown from $17.7M in 2011 to $25.8M in 2023. The foundation is governed by 6 officers and trustees. Tax records are available from 2018 to 2023. Funding is distributed across 4 states, including Michigan, Tennessee, Arkansas. According to available records, La-Z-Boy Foundation has made 366 grants totaling $6M, with a median grant of $5K. Annual giving has grown from $1.4M in 2020 to $2.9M in 2022. Individual grants have ranged from $1K to $350K, with an average award of $16K. The foundation has supported 144 unique organizations. The foundation primarily supports organizations in Michigan, North Carolina, Tennessee, which account for 59% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$13K
Largest Grant
$140K
Based on 101 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.
La-Z-Boy Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 366 grants. Its grantmaking reaches organizations primarily in MI, NC, TN.
La-Z-Boy Foundation has distributed a total of $6M across 366 grants. The median grant size is $5K, with an average of $16K. Individual grants have ranged from $1K to $350K.
The application deadline is NONE NOTED. The foundation generally adheres to the following guidelines. 1. The geographic areas for grant consideration are normally limited to communities within the united states where la-z-boy incorporated manufacturing facilities are located and within a 30 mile radius of corporate headquarters. 2. The foundation does not make direct grants to individuals. 3. The foundation does not make grants for travel and conferences. 4. The foundation does not make loans. 5. The foundation does not provide startup funds of seed money.
La-Z-Boy Foundation is headquartered in MONROE, MI. While based in MI, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Beth A Lambrix | SECRETARY | $0 | $0 | N/A |
| Christopher Knabusch | PRESIDENT | $0 | $0 | N/A |
| Melinda D Whittington | DIRECTOR | $0 | $0 | N/A |
| Susan J Vanisacker | ADMIN/TREASU | $0 | $0 | N/A |
| Raphael Z Richmond | DIRECTOR | $0 | $0 | N/A |
| Lindsay A Barnes | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.5M
Total Assets
$25.8M
Fair Market Value
$26.6M
Net Worth
$25.8M
Grants Paid
$1.4M
Contributions
N/A
Net Investment Income
$1.6M
Distribution Amount
$1.3M
Total: $25.7M
Total Grants
366
Total Giving
$6M
Average Grant
$16K
Median Grant
$5K
Unique Recipients
144
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyHUMAN SERVICES | Monroe, MI | $30K | 2022 |
| Trinity LutheranHUMAN SERVICES | Monroe, MI | $25K | 2022 |
| River Raisin Nbp FoundationHUMANITIES | Monroe, MI | $140K | 2022 |
| Appalacian State UniversityEDUCATION-LIBRARIES | Boone, NC | $133K | 2022 |
| United Way Of Monroelenawee CoPUBLIC BENEFIT | Monroe, MI | $110K | 2022 |
| Newton County High SchoolEDUCATION-LIBRARIES | Decatur, MS | $100K | 2022 |
| Gabbys Grief CenterHUMAN SERVICES | Monroe, MI | $80K | 2022 |
| Monroe Family YmcaHUMAN SERVICES | Monroe, MI | $80K | 2022 |
| Rhea County United WayPUBLIC BENEFIT | Dayton, TN | $60K | 2022 |
| Monroe Co Opp ProgHUMAN SERVICES | Monroe, MI | $60K | 2022 |
| Promedica FoundationHUMAN SERVICES | Toledo, OH | $50K | 2022 |
| Community Found Of Monroe CoPUBLIC BENEFIT | Monroe, MI | $41K | 2022 |
| American Red CrossHUMAN SERVICES | Detroit, MI | $40K | 2022 |
| Habitat For Humanity Mon CoHUMAN SERVICES | Monroe, MI | $35K | 2022 |
| Children'S Advocacy Center Of BentoHUMAN SERVICES | Rogers, AR | $33K | 2022 |
| United Givers FundPUBLIC BENEFIT | Newton, MS | $25K | 2022 |
| Neosho United FundPUBLIC BENEFIT | Neosho, MO | $25K | 2022 |
| American Heart AssociationHEALTH CARE | Southfield, MI | $20K | 2022 |
| Tscdba Imagination StationEDUCATION-LIBRARIES | Toledo, OH | $20K | 2022 |
| Rhea County Dept Of EdEDUCATION-LIBRARIES | Dayton, TN | $15K | 2022 |
| Monroe Co Business Dev CorpPUBLIC BENEFIT | Monroe, MI | $15K | 2022 |
| Neosho R-5 Schools Charitable FdnEDUCATION-LIBRARIES | Neosho, MO | $15K | 2022 |
| Fam Counseling & Shelter SvcsHUMAN SERVICES | Monroe, MI | $15K | 2022 |
| Seneca R-7 Schools FoundationEDUCATION-LIBRARIES | Seneca, MO | $13K | 2022 |
| East Newton Charitable FoundationEDUCATION-LIBRARIES | Granby, MO | $13K | 2022 |