Cedric & Lula Mays Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAUWATOSA, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 2 grants totaling $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4K
-31.1% YoY
Annual Giving
$1K
+65.8% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$500
+65.8% YoY
Under IRS private-foundation payout rules, Cedric & Lula Mays Foundation reported a distributable amount of $220 for 2024 — the minimum it must pay out in qualifying distributions.
About Cedric & Lula Mays Foundation
Based on IRS filings
Cedric & Lula Mays Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAUWATOSA, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 2 grants totaling $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,658 | $5,309 | $4,747 |
| Revenue | $250 | $2,450 | $200 |
| Expenses | $1,680 | $1,388 | $1,142 |
| Qualifying Distributions | $1,000 | $603 | $500 |
| Net Investment Income | — | — | — |
| Distributable Amount | $220 | $193 | $243 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Airon Malone ($500), Jeremiah Johnson ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| AIRON MALONE WASHINGTON, DC | SCHOLARSHIP | $500 |
| JEREMIAH JOHNSON MILWAUKEE, WI | SCHOLARSHIP | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LULA MAYS | TRUSTEE | — | — |
| CEDRIC MAYS | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Cedric & Lula Mays Foundation?
Cedric & Lula Mays Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAUWATOSA, WI. It holds $4K in total assets as of 2024.
How large is Cedric & Lula Mays Foundation?
As of 2024, Cedric & Lula Mays Foundation holds $4K in total assets with $250 in annual revenue. It awarded 2 grants totaling $1K in 2024.
Where does Cedric & Lula Mays Foundation operate?
Cedric & Lula Mays Foundation has awarded grants in District of Columbia, Washington, Wisconsin.
What size grants does Cedric & Lula Mays Foundation award?
In 2024, Cedric & Lula Mays Foundation awarded 2 grants totaling $1K — an average of about $500 per grant, based on its IRS Form 990 filings.
How much is Cedric & Lula Mays Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Cedric & Lula Mays Foundation reported a distributable amount of $220 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cedric & Lula Mays Foundation's EIN?
Cedric & Lula Mays Foundation's EIN (Employer Identification Number) is 20-0304323. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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