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Also known as: C/O L WEBB & E GRANDY
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Lafayette River Foundation is a private corporation based in NORFOLK, VA. The foundation received its IRS ruling in 2004. The principal officer is L Webb & E Grandy. It holds total assets of $14.5M. Annual income is reported at $5.6M. Total assets have grown from $6.5M in 2011 to $14.4M in 2023. The foundation is governed by 2 officers and trustees. 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 2016 to 2023. Grantmaking is concentrated in Virginia. According to available records, Lafayette River Foundation has made 18 grants totaling $2.8M, with a median grant of $88K. The foundation has distributed between $776K and $998K annually from 2020 to 2022. Individual grants have ranged from $3K to $775K, with an average award of $153K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in Virginia and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$25K
Median Grant
$163K
Average Grant
$196K
Largest Grant
$438K
Based on 5 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.
Lafayette River Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in VA, NY.
Lafayette River Foundation has distributed a total of $2.8M across 18 grants. The median grant size is $88K, with an average of $153K. Individual grants have ranged from $3K to $775K.
Lafayette River Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lafayette River Foundation is headquartered in NORFOLK, VA. While based in VA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| E G Grandy | TRUSTEE | $30K | $0 | $30K |
| L W Webbiii | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$14.4M
Fair Market Value
$18.1M
Net Worth
$14.4M
Grants Paid
$959K
Contributions
N/A
Net Investment Income
$689K
Distribution Amount
$838K
Total: $13.1M
Total Grants
18
Total Giving
$2.8M
Average Grant
$153K
Median Grant
$88K
Unique Recipients
9
Most Common Grant
$100K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Virginia Arts FestivalVARIOUS PROGRAMS | Norfolk, VA | $775K | 2022 |
| Virginia Symphony OrchestraVARIOUS PROGRAMS | Norfolk, VA | $100K | 2022 |
| Virginia OperaVARIOUS PROGRAMS | Norfolk, VA | $75K | 2022 |
| St Patrick Catholic SchoolVARIOUS PROGRAMS | Norfolk, VA | $35K | 2022 |
| Business Consort For Arts SupportVARIOUS PROGRAMS | Norfolk, VA | $10K | 2022 |
| Odu Educational FoundationVARIOUS PROGRAMS | Norfolk, VA | $3K | 2022 |
| Christ And St Lukes Episcopal ChurcVARIOUS PROGRAMS | Norfolk, VA | $40K | 2021 |
| In(Heir)Itance ProjectVARIOUS PROGRAMS | New York, NY | $5K | 2021 |
| Virginia Stage CompanyVARIOUS PROGRAMS | Norfolk, VA | $25K | 2020 |