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The Lighthouse Beacon Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2023. The principal officer is Foundation Source. It holds total assets of $2.4M. Annual income is reported at $1.2M. Total assets have grown from $555K in 2020 to $2.4M in 2024. 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 2020 to 2024. According to available records, The Lighthouse Beacon Foundation has made 29 grants totaling $1M, with a median grant of $5K. Annual giving has decreased from $546K in 2021 to $166K in 2023. Individual grants have ranged from $138 to $515K, with an average award of $35K. The foundation has supported 12 unique organizations. Grant recipients are concentrated in Kentucky. Contributions to this foundation are tax-deductible.
The Lighthouse Beacon Foundation reported 29 individual grants totaling $1.0 million between 2021 and 2023 across its IRS Form 990-PF filings, with a median grant of $5,400. Half of those grants fell between $2,500 and $10,000. Its largest single grant in the record was $515,000. Its most recent available filing, for fiscal year 2023, reports $500,002 in total giving.
Grantmaking is concentrated in KY, which received 29 of the 29 grants on record (100 percent). Of its 12 distinct grantees, 67 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were University Of Kentucky ($639,001), Bluegrass Community & Technical College Foundation ($250,000) and Kentucky Engineering Foundation Inc ($28,500).
Computed from 29 individual grant records (2021–2023) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
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.
The Lighthouse Beacon Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 29 grants. Its grantmaking reaches organizations primarily in KY.
The Lighthouse Beacon Foundation has distributed a total of $1M across 29 grants. The median grant size is $5K, with an average of $35K. Individual grants have ranged from $138 to $515K.
The Lighthouse Beacon Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Lighthouse Beacon Foundation is headquartered in WILMINGTON, DE.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen C Pigman | Dir, Pres | $0 | $0 | N/A |
| Leonard Stanley Pigman | Dir, Sec, Treas | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.4M
Fair Market Value
N/A
Net Worth
$2.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
29
Total Giving
$1M
Average Grant
$35K
Median Grant
$5K
Unique Recipients
12
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of KentuckyHeritage Science Professorship-Chair | Lexington, KY | $100K | 2023 |
| Kentucky Engineering Foundation IncGeneral & Unrestricted | Frankfort, KY | $20K | 2023 |
| Pikeville High SchoolEquipment-VEX, Glowforge | Pikeville, KY | $11K | 2023 |
| Heartkeep IncGeneral & Unrestricted | Emmalena, KY | $10K | 2023 |
| Pikeville Elementary SchoolMiddle School VEX Robotics Program | Pikeville, KY | $7K | 2023 |
| Floyd County School DistrictPLTW and Young Women Lead Conference | Eastern, KY | $5K | 2023 |
| Johnson Central High SchoolTrailer Fund | Paintsville, KY | $5K | 2023 |
| Belfry High SchoolHOUSE OF CODE CONFERENCE | Belfry, KY | $4K | 2023 |
| Floyd Central High SchoolGeneral & Unrestricted | Eastern, KY | $413 | 2023 |
| Bluegrass Community & Technical College FoundationPassenger Shuttle to aid in transporting students | Lexington, KY | $125K | 2022 |
| Technology Student Association Kentucky TechCharitable Event | Frankfort, KY | $7K | 2022 |
| Challenger Learning Center Of Kentucky IncSTAR Program | Hazard, KY | $6K | 2022 |