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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. Total assets have grown from $4.4M in 2011 to $8.3M in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. 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.
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.
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.
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.
Loftis Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is NO DEADLINES. No restrictions.
Loftis Foundation Inc. is headquartered in VERO BEACH, FL. While based in FL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert W Loftis | PRESIDENT | $0 | $0 | N/A |
| Sharon L Loftis | TRUSTEE | $0 | $0 | N/A |
Total Giving
$491K
Total Assets
$8.3M
Fair Market Value
$9.5M
Net Worth
$8.3M
Grants Paid
$403K
Contributions
$42K
Net Investment Income
$219K
Distribution Amount
$438K
Total: $6.8M
Total Grants
6
Total Giving
$823K
Average Grant
$137K
Median Grant
$51K
Unique Recipients
3
Most Common Grant
$51K
of 2022 grantees were first-time recipients
| 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 |