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Lacy Foundation is a private corporation based in MARTINSVILLE, VA. The foundation received its IRS ruling in 1981. It holds total assets of $2M. Annual income is reported at $1.4M. Total assets have decreased from $3.1M in 2010 to $2.1M in 2022. The foundation is governed by 9 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Virginia, North Carolina and New Hampshire. According to available records, Lacy Foundation has made 51 grants totaling $785K, with a median grant of $15K. Annual giving has decreased from $183K in 2020 to $121K in 2023. Grantmaking activity was highest in 2022 with $320K distributed across 20 grants. Individual grants have ranged from $300 to $40K, with an average award of $15K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Virginia, North Carolina, New Hampshire, which account for 98% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$18K
Average Grant
$16K
Largest Grant
$30K
Based on 10 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.
Lacy Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 51 grants. Its grantmaking reaches organizations primarily in VA, NC, NH.
Lacy Foundation has distributed a total of $785K across 51 grants. The median grant size is $15K, with an average of $15K. Individual grants have ranged from $300 to $40K.
Lacy Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lacy Foundation is headquartered in MARTINSVILLE, VA. While based in VA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frank Lacy Jr | PRESIDENT | $0 | $0 | N/A |
| Richard W Critz | SECRETARY | $0 | $0 | N/A |
| Brent M Lacy | DIRECTOR | $0 | $0 | N/A |
| Frank M James Iii | TREASURER | $0 | $0 | N/A |
| Lacy James | DIRECTOR | $0 | $0 | N/A |
| Edward S Lacy | DIRECTOR | $0 | $0 | N/A |
| Madeline James | DIRECTOR | $0 | $0 | N/A |
| Kierra James | DIRECTOR | $0 | $0 | N/A |
| Patrick Critz | DIRECTOR | $0 | $0 | N/A |
Total Giving
$150K
Total Assets
$2.1M
Fair Market Value
$2.2M
Net Worth
$2.1M
Grants Paid
$121K
Contributions
N/A
Net Investment Income
$36K
Distribution Amount
$107K
Total: N/A
Total Grants
51
Total Giving
$785K
Average Grant
$15K
Median Grant
$15K
Unique Recipients
13
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyTO PROVIDE ASSISTANCE TO MEET HUMAN NEEDS WITHOUT DISCRIMINATION | Martinsville, VA | $1K | 2021 |
| Breakthrough ManchesterSTUDENTS TEACHING STUDENTS PROGRAM DESIGNED TO CLOSE THE EDUCATIONAL OPPORTUNITY GAP | Manchester, NH | $21K | 2023 |
| United Way Of Martinsvillehenry County (Hope & Smart Beginnnings)TO PROVIDE ASSISTANCE TO THE COMMUNITY | Martinsville, VA | $20K | 2023 |
| Boys & Girls Club Of The Blue RidgeTO PROVIDE ASSISTANCE TO NEEDY STUDENTS | Martinsville, VA | $20K | 2023 |
| Grace Network Of Martinsvillehenry CountyHELPING STRUGGLING FAMILIES TO MEET VARIOUS NEEDS | Martinsville, VA | $20K | 2023 |
| Experiment In Self-RelianceCAPITAL CAMPAIGN TO BUILD FACILITY TO HOUSE PROGRAMS-HELPING STRUGGLING FAMILIES TO HELP THEMSELVES | Winstonsalem, NC | $15K | 2023 |
| Safetynet IncTO PROVIDE ASSISTANCE TO NEEDY FAMILIES WHO MAY NOT QUALIFY FOR OTHER ASSISTANCE | Martinsville, VA | $10K | 2023 |
| Family Ymca Building A Healthy CommunityTO PROVIDE ASSISTANCE FOR SCHOLARSHIPS FOR NEEDY CHILDREN | Martinsville, VA | $10K | 2023 |
| Imprints CaresEARLY CHILDHOOD EDUCATION FOCUSED ON HELPING TO BREAK THE CYCLE OF POVERTY, PROMOTE POSITIVE PARENTING, AND PREPARE CHILDREN FOR ACADEMIC SUCCESS IN SCHOOL | Winstonsalem, NC | $5K | 2023 |
| Meals On WheelsPROMOTING HEALTH AND WELL BEING OF SENIOR CITIZENS BY DELIVERING FOOD TO THEIR HOMES | Martinsville, VA | $30K | 2022 |
| Crisis Control MinistryTO PROVIDE ASSISTANCE TO INDIGENT FAMILIES | Winstonsalem, NC | $20K | 2022 |
| Martinsville High School Student Aid FundTO PROVIDE ASSISTANCE TO NEEDY STUDENTS | Martinsville, VA | $3K | 2020 |