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Lb Foundation is a private corporation based in GREENVILLE, SC. The foundation received its IRS ruling in 2019. It holds total assets of $67.1M. Annual income is reported at $19.8M. Total assets have grown from $1M in 2019 to $67.3M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in South Carolina. According to available records, Lb Foundation has made 17 grants totaling $512K, with a median grant of $26K. Annual giving has grown from $79K in 2020 to $430K in 2022. Individual grants have ranged from $1K to $100K, with an average award of $34K. The foundation has supported 9 unique organizations. Grant recipients are concentrated in South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$16K
Largest Grant
$45K
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.
Lb Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 17 grants. Its grantmaking reaches organizations primarily in SC.
Lb Foundation has distributed a total of $512K across 17 grants. The median grant size is $26K, with an average of $34K. Individual grants have ranged from $1K to $100K.
The application deadline is APPLICATIONS CAN BE SUBMITTED AT ANY TIME DURING THE YEAR.. The foundation will not make grants to any organizations that have not been determined/recognized as a section 501 (c)(3) public charity by the irs. The foundation will concentrate the majority of its support to charitable causes and purposes in south carolina, but may also provide a minority of its support to benefit charitable, medical or educational organizations or projects in vietnam, especially those which improve relations between south carolina and vietnam.
Lb Foundation is headquartered in GREENVILLE, SC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Laura Bell | PRESIDENT | $100K | $0 | $100K |
| Beverly Nash Heidlberg | VICE PRESIDE | $38K | $0 | $38K |
| Eric Englebardt | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.6M
Total Assets
$67.3M
Fair Market Value
$70M
Net Worth
$67.3M
Grants Paid
$1.1M
Contributions
$228K
Net Investment Income
$2.1M
Distribution Amount
$3.3M
Total: $55.7M
Total Grants
17
Total Giving
$512K
Average Grant
$34K
Median Grant
$26K
Unique Recipients
9
Most Common Grant
$100K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Safe HarborBOX TRUCK | Greenville, SC | $45K | 2020 |
| Soteria Community DevelopmentEQUIPMENT | Greenville, SC | $100K | 2022 |
| Safe Harbor IncEQUIPMENT | Greenville, SC | $48K | 2022 |
| Greenville Free Medical ClinicEQUIPMENT | Greenville, SC | $29K | 2022 |
| Family EffectRENOVATIONS | Greenville, SC | $25K | 2022 |
| Mill Village MinistriesEQUIPMENT | Greenville, SC | $15K | 2022 |
| YouthbaseUNUSED GRANT RETURN | Greenville, SC | N/A | 2022 |
| Generations GroupPERSONAL PROTECTIVE EQUIPMENT | Simpsonville, SC | $5K | 2020 |
| Spartanburg Soup KitchenCOVID SANITATION | Spartanburg, SC | $2K | 2020 |
LAKE CITY, SC
CHARLESTON, SC
COLUMBIA, SC