VERO BEACH, FL

Loftis Foundation Inc.

Quick Facts

EIN: 582110528
Location: VERO BEACH, FL
Phone: (772) 213-8847
Category: General
Total Assets: $8M
Annual Income: $1.5M
IRS Ruling Year: 1994
Organization Type: Non-Operating Foundation
Principal Officer: % Robert Wayne Loftis
Tax Deductibility: Contributions are deductible

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About This Foundation

Loftis Foundation Inc. is a private corporation based in VERO BEACH, FL. The foundation received its IRS ruling in 1994. The principal officer is % Robert Wayne Loftis. It holds total assets of $8M. Annual income is reported at $1.5M. According to available records, Loftis Foundation Inc. has made 6 grants totaling $823K, with a median grant of $51K. Individual grants have ranged from $50K to $311K, with an average award of $137K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Oklahoma and West Virginia and Indiana. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Deadline

NO DEADLINES

Restrictions

NO RESTRICTIONS

Frequently Asked Questions

What does Loftis Foundation Inc. fund?

Loftis Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in OK, WV, IN.

How much does Loftis Foundation Inc. give in grants?

Loftis Foundation Inc. has distributed a total of $823K across 6 grants. The median grant size is $51K, with an average of $137K. Individual grants have ranged from $50K to $311K.

How do I apply for a grant from Loftis Foundation Inc.?

Loftis Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is NO DEADLINES. NO RESTRICTIONS.

Where is Loftis Foundation Inc. located?

Loftis Foundation Inc. is headquartered in VERO BEACH, FL. While based in FL, the foundation distributes grants to organizations across 3 states.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
Robert W Loftis	PRESIDENT	$0	$0	$0
Sharon L Loftis	TRUSTEE	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$491K

2023+14%

Total Assets

$8.3M

2023-4%

Fair Market Value

$9.5M

2023

Net Worth

$8.3M

2023

Grants Paid

$403K

2023

Contributions

$42K

2023

Net Investment Income

$219K

2023

Distribution Amount

$438K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $6.8M

Corporate Stock (82%)

Cash (18%)

Expense Breakdown (2023)

Revenue Sources (2023)

Dividends: $249K
Contributions: $42K
Capital Gains (Net): $-143,938

Financial Details (2023)

Total Revenue: $147K
Total Expenses: $491K
Exempt Purpose Expenses: $433K
Required Distribution: $438K
Undistributed Income: $268K
Total Liabilities: $1
Excise Tax: $3K
Tax Due: $3K

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$823K

Average Grant

$137K

Median Grant

$51K

Unique Recipients

Most Common Grant

$50K

Grant Range

Min$50K

Max$311K

Median: $51K

Smallest grantLargest grant

Grant Size Distribution

Geographic Distribution of Grants

OK$622K (2)

WV$101K (2)

IN$100K (2)

Past Grantees

Recipient	Location	Amount	Year
Lee Strobel MinistriesUNRESTRICTED.	Tulsa, OK	$311K	2022
Gateway Christian ChurchUNRESTRICTED	Saitn Albans, WV	$51K	2022
Ratio ChristiUNRESTRICTED	Lafayette, IN	$50K	2022