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Also known as: C/O EVANGELICAL LUTHERAN CHURCH
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Loats Foundation Inc. is a private corporation based in FREDERICK, MD. The foundation received its IRS ruling in 1950. The principal officer is Evangelical Lutheran Church. It holds total assets of $4.5M. Annual income is reported at $3.8M. Total assets have grown from $3M in 2011 to $4.2M in 2023. The foundation is governed by 6 officers and trustees. The loats foundation makes contributions to various non- profit organizations and contributes scholarship funds to college and universities. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Maryland. According to available records, Loats Foundation Inc. has made 73 grants totaling $1M, with a median grant of $10K. The foundation has distributed between $190K and $444K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $444K distributed across 30 grants. Individual grants have ranged from $3K to $69K, with an average award of $14K. The foundation has supported 18 unique organizations. Grants have been distributed to organizations in Maryland and West Virginia and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$10K
Average Grant
$15K
Largest Grant
$62K
Based on 13 grants from the most recent 990-PF filing.
The loats foundation makes contributions to various non- profit organizations and contributes scholarship funds to college and universities.
Expenses: $215K
The loats foundation makes contributions to various non- profit organizations and contributes scholarship funds to college and universities. Based on available records, the foundation has funded 73 grants. Its grantmaking reaches organizations primarily in MD, WV, PA.
Loats Foundation Inc. has distributed a total of $1M across 73 grants. The median grant size is $10K, with an average of $14K. Individual grants have ranged from $3K to $69K.
Loats Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Loats Foundation Inc. is headquartered in FREDERICK, MD. While based in MD, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Barbara Brittain | VICE PRESIDE | $0 | $0 | N/A |
| C Richard Miller Jr | TREASURER | $0 | $0 | N/A |
| Marsha Hahn | SECRETARY | $0 | $0 | N/A |
| Rev Dr Paul Baglyos | PRESIDENT | $0 | $0 | N/A |
| Lorraine M B Prete | RESIDENT AGE | $0 | $0 | N/A |
| Joanne Baum | DIRECTOR | $0 | $0 | N/A |
Total Giving
$231K
Total Assets
$4.2M
Fair Market Value
$4.2M
Net Worth
$4.2M
Grants Paid
$200K
Contributions
$300
Net Investment Income
$154K
Distribution Amount
$196K
Total: $4.2M
Total Grants
73
Total Giving
$1M
Average Grant
$14K
Median Grant
$10K
Unique Recipients
18
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hood CollegePROVIDE SCHOLARSHIP FUNDING | Frederick, MD | $21K | 2024 |
| Frederick Comm College Fndn IncPROVIDE SCHOLARSHIPS & SUPPORT ORG | Frederick, MD | $60K | 2024 |
| Frostburg State University Fndn IncPROVIDE SCHOLARSHIP FUNDING | Frostburg, MD | $20K | 2024 |
| Mcdaniel CollegePROVIDE SCHOLARSHIP FUNDING | Westminster, MD | $13K | 2024 |
| Mother Seton SchoolPROVIDE SCHOLARSHIP FUNDING | Emmitsburg, MD | $12K | 2024 |
| Wee Folk SchoolPROVIDE SCHOLARSHIP FUNDING | Frederick, MD | $12K | 2024 |
| Shepherd UniversityPROVIDE SCHOLARSHIP FUNDING | Shepherdstown, WV | $9K | 2024 |
| Mount Saint Mary'S UniversityPROVIDE SCHOLARSHIP FUNDING | Emmitsburg, MD | $9K | 2024 |
| Carroll Community CollegePROVIDE SCHOLARSHIP FUNDING | Westminster, MD | $8K | 2024 |
| Mental Health Assoc Of Fred Co MdSUPPORT ACTIVITIES AND MISSION | Frederick, MD | $8K | 2024 |
| Mar Lu RidgePROVIDE SCHOLARSHIP FUNDING | Jefferson, MD | $7K | 2024 |
| Calvary Weekday SchoolPROVIDE SCHOLARSHIP FUNDING | Frederick, MD | $5K | 2024 |
| Heartly House IncSUPPORT ACTIVITIES & MISSION OF ORG | Frederick, MD | $5K | 2024 |
| San Mar Children'S Home IncSUPPORT ACTIVITIES AND MISSION | Boonsboro, MD | $4K | 2024 |
| Stevenson CollegePROVIDE SCHOLARSHIP FUNDING | Owings Mills, MD | $4K | 2024 |
| CoippSUPPORT ACTIVITIES AND MISSION | Frederick, MD | $3K | 2024 |