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Lucas Wegmann Foundation is a private trust based in NEWCASTLE, ME. The foundation received its IRS ruling in 2015. The principal officer is Coastline Trust Co. It holds total assets of $386K. Annual income is reported at $48K. Total assets have grown from $506K in 2015 to $2.4M in 2023. The foundation is governed by 1 officer or trustee. 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 2017 to 2023. According to available records, Lucas Wegmann Foundation has made 7 grants totaling $711K, with a median grant of $51K. The foundation has distributed between $200K and $275K annually from 2020 to 2023. Individual grants have ranged from $25K to $250K, with an average award of $102K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Michigan, Rhode Island, Maine, which account for 71% of all grants. Grantmaking reaches organizations across 5 states. 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.
Lucas Wegmann Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in MI, RI, ME.
Lucas Wegmann Foundation has distributed a total of $711K across 7 grants. The median grant size is $51K, with an average of $102K. Individual grants have ranged from $25K to $250K.
Lucas Wegmann Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lucas Wegmann Foundation is headquartered in NEWCASTLE, ME. While based in ME, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| C Lucas Wegmann | TRUSTEE | $0 | $0 | N/A |
Total Giving
$278K
Total Assets
$2.4M
Fair Market Value
$4.2M
Net Worth
$2.4M
Grants Paid
$236K
Contributions
N/A
Net Investment Income
$46K
Distribution Amount
$200K
Total: $2.4M
Total Grants
7
Total Giving
$711K
Average Grant
$102K
Median Grant
$51K
Unique Recipients
5
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hillsdale CollegeGENERAL SUPPORT | Hillsdale, MI | $125K | 2023 |
| The Chorus Of WesterlyGENERAL SUPPORT | Westerly, RI | $51K | 2023 |
| Joseph And Alice Mckeen Study CenterGENERAL SUPPORT | Brunswick, ME | $35K | 2023 |
| Trail Life UsaPROGRAM SUPPORT | Belton, GA | $25K | 2023 |
| Handel & Haydn SchoolGENERAL SUPPORT | Boston, MA | $25K | 2020 |