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Lga Foundation is a private corporation based in WINSTON SALEM, NC. The foundation received its IRS ruling in 2010. The principal officer is Louis Argenta. It holds total assets of $700K. Annual income is reported at N/A. Total assets have decreased from $1M in 2011 to $616K 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. According to available records, Lga Foundation has made 4 grants totaling $70K, with a median grant of $18K. Annual giving has grown from $20K in 2022 to $50K in 2023. Individual grants have ranged from $10K to $25K, with an average award of $18K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in New York and Florida. Contributions to this foundation are tax-deductible.
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.
Lga Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NY, FL.
Lga Foundation has distributed a total of $70K across 4 grants. The median grant size is $18K, with an average of $18K. Individual grants have ranged from $10K to $25K.
Lga Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lga Foundation is headquartered in WINSTON SALEM, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Louis Argenta | President | $0 | $0 | N/A |
| Mary Jo Argenta | Secretary | $0 | $0 | N/A |
Total Giving
$52K
Total Assets
$616K
Fair Market Value
$707K
Net Worth
$616K
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$21K
Distribution Amount
N/A
Total Grants
4
Total Giving
$70K
Average Grant
$18K
Median Grant
$18K
Unique Recipients
3
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tunnels To Towers FoundationHOUSING FOR VETERENS AND FIRST RESPONDERS | Staten Island, NY | $25K | 2023 |
| Catholic Extension ServicesRELIGIOUS | Immokalee, FL | $25K | 2023 |
| Bukalasa SeminaryRELIGIOUS | Maskasa | $10K | 2022 |