Blanche Lipscomb Foundation Inc 26-28164
Blanche Lipscomb Foundation Inc is a private grantmaking foundation based in Atlanta, Georgia. The organization is designated as a 501(c)(3) tax-exempt entity and has been operating since August 1949. The foundation is located at 191 Peachtree Street NE, Suite 2000, Atlanta, GA 30303.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.9M
+235.4% YoY
Annual Giving
$225K
+0.0% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$14K
-6.3% YoY
Under IRS private-foundation payout rules, Blanche Lipscomb Foundation Inc 26-28164 reported a distributable amount of $391K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation distributes approximately $220,000 annually through its grantmaking activities. Based on recent filing data:
Grant Range
** $5,000 to $45,000
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Geographic Focus
Where this funder awards grants
The foundation restricts its grantmaking to in-state recipients in Georgia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2022 Financial Summary:
- Total Assets: $1,741,387
- Total Giving: $220,000
- Revenue: $2,330
- Expenses: $246,000
- Total Liabilities: $0
The foundation files Form 990-PF with the IRS annually.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,905,754 | $1,761,047 | $1,741,387 |
| Revenue | $14,540 | $11,514 | $2,325 |
| Expenses | $271,800 | $256,490 | $246,100 |
| Qualifying Distributions | $248,400 | $238,245 | $227,300 |
| Net Investment Income | $1,874,402 | $148,758 | — |
| Distributable Amount | $390,669 | $202,690 | $217,433 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bearings Bike Works Inc ($50,000), Jumpstart Automotive Training Center ($25,000), Concrete Jungle Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGAPE ATLANTA, GA | GENERAL | $10,000 |
| ATLANTA AREA COUNCIL BOY SCOUTS OF AMERICA ATLANTA, GA | GENERAL | $10,000 |
| ATLANTA HISTORY CENTER ATLANTA, GA | GENERAL | $5,000 |
| ATLANTA MISSION ATLANTA, GA | GENERAL | $10,000 |
| JUMPSTART AUTOMOTIVE TRAINING CENTER ATLANTA, GA | GENERAL | $25,000 |
| BEARINGS BIKE WORKS INC ATLANTA, GA | GENERAL | $50,000 |
| CONCRETE JUNGLE INC EAST POINT, GA | GENERAL | $20,000 |
| FERNBANK MUSEUM ATLANTA, GA | GENERAL | $10,000 |
| GEORGIA CONSERVANCY ATLANTA, GA | GENERAL | $5,000 |
| GEORGIA WORKS ATLANTA, GA | GENERAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WD ELLIS JR | SECRETARY | 1 | — |
| RICHARD A OGLESBY JR | PRESIDENT | 1 | — |
| FLORIDA ELLIS HUFF | VICE PRESIDENT | 1 | — |
Frequently Asked Questions
How do I apply for a grant from Blanche Lipscomb Foundation Inc 26-28164?
The foundation distributes approximately $220,000 annually through its grantmaking activities. Based on recent filing data: • **Total Assets:** $1,741,387 (as of 2022) • **Annual Giving:** $220,000 • **Number of Grants:** 14 grants annually • **Grant Range:** $5,000 to $45,000 • **Median Grant Size:** $10,000 • **Giving Rate:** 12.6% of assets The foundation does not accept unsolicited applications and operates on an invite-only basis for grant proposals.
Where does Blanche Lipscomb Foundation Inc 26-28164 make grants?
The foundation restricts its grantmaking to in-state recipients in Georgia.
What size grants does Blanche Lipscomb Foundation Inc 26-28164 award?
In 2024, Blanche Lipscomb Foundation Inc 26-28164 awarded 16 grants totaling $225K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Blanche Lipscomb Foundation Inc 26-28164 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Blanche Lipscomb Foundation Inc 26-28164 reported a distributable amount of $391K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Blanche Lipscomb Foundation Inc 26-28164's EIN?
Blanche Lipscomb Foundation Inc 26-28164's EIN (Employer Identification Number) is 58-6033155. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.