Collins Family Legacy Foundation

Foundation · Grantmaker NORTH HOLLYWOOD, CA EIN: 26-0666517

Collins Family Legacy Foundation is a private foundation focused on Education, based in NORTH HOLLYWOOD, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 2 grants totaling $12K. Net investment income was $88K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+16.7% YoY

Annual Giving

$12K

-51.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6K

-51.4% YoY

Under IRS private-foundation payout rules, Collins Family Legacy Foundation reported a distributable amount of $62K for 2024 — the minimum it must pay out in qualifying distributions.

About Collins Family Legacy Foundation

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $60K (99%)

Texas $680 (1%)

States

California Texas

Cities

AmarilloBurbankLos Angeles

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2021
Total Assets	$1,291,663	$1,106,739	$1,338,213
Revenue	$88,116	$87,419	$67,786
Expenses	$23,430	$48,659	$41,889
Qualifying Distributions	$11,030	$23,159	—
Net Investment Income	$88,116	$87,419	$67,786
Distributable Amount	$62,389	$53,292	$73,510

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

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Acdemy of Music and Fine Arts ($12,000), Covenant House ($400).

Recipient	Purpose	Amount
ACDEMY OF MUSIC AND FINE ARTS Burbank, CA	FINANCIAL ASSISTANCE TUITIONFOR STUDENTS IN NEED	$12,000
COVENANT HOUSE Los Angeles, CA	FUNDS FOR CARE AND SHELTER OF HOMELESS TEENS	$400

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RICHARD COLLINS	CHAIRMAN	6	—
HAMED DOUST	BOARD MEMBER	6	—
CYRUS OMEAD	BOARD MEMBER	6	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Collins Family Legacy Foundation?

Collins Family Legacy Foundation is a private foundation focused on Education, based in NORTH HOLLYWOOD, CA. It holds $1.3M in total assets as of 2024.

How large is Collins Family Legacy Foundation?

As of 2024, Collins Family Legacy Foundation holds $1.3M in total assets with $88K in annual revenue. It awarded 2 grants totaling $12K in 2024.

Where does Collins Family Legacy Foundation operate?

Collins Family Legacy Foundation has awarded grants in California, Texas.

What size grants does Collins Family Legacy Foundation award?

In 2024, Collins Family Legacy Foundation awarded 2 grants totaling $12K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Collins Family Legacy Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Collins Family Legacy Foundation reported a distributable amount of $62K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Collins Family Legacy Foundation's EIN?

Collins Family Legacy Foundation's EIN (Employer Identification Number) is 26-0666517. IRS Form 990 filing data is available on this page for 2021–2024.