Frank S Lucente Foundation
Frank S Lucente Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $822K in total assets. In 2024, it awarded 14 grants totaling $36K. Net investment income was $36K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$822K
+8.2% YoY
Annual Giving
$36K
-4.3% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$3K
-4.3% YoY
Under IRS private-foundation payout rules, Frank S Lucente Foundation reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank S Lucente Foundation
Based on IRS filings
Frank S Lucente Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $822K in total assets. In 2024, it awarded 14 grants totaling $36K. Net investment income was $36K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $821,565 | $759,238 | $709,819 |
| Revenue | $43,275 | $42,836 | $34,151 |
| Expenses | $43,325 | $44,622 | $50,093 |
| Qualifying Distributions | $36,000 | $37,600 | $42,900 |
| Net Investment Income | $35,950 | $35,657 | $26,801 |
| Distributable Amount | $38,946 | $35,887 | $37,643 |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Foundation for the Alleg ($6,000), Meyersdale Borough ($3,600), Meyersdale Public Library ($3,600).
| Recipient | Purpose | Amount |
|---|---|---|
| MEYERSDALE BOROUGH MEYERSDALE, PA | PROMOTE COMMUNITY PROGRAMS & SAFETY | $3,600 |
| COMMUNITY FOUNDATION FOR THE ALLEG JOHNSTOWN, PA | EDUCATIONAL SCHOLARSHIP | $6,000 |
| MEYERSDALE PUBLIC LIBRARY MEYERSDALE, PA | PROMOTE LITERACY THROUGH READING | $3,600 |
| MEYERSDALE VOLUNTEER FIRE MEYERSDALE, PA | PROMOTE PUBLIC SAFETY | $1,800 |
| MEYERSDALE AREA AMBULANCE MEYERSDALE, PA | PROMOTE EMERGENCY HEALTH CARE TRANS. | $1,800 |
| ST PHILIP JAMES CHURCH MEYERSDALE, PA | PROMOTE RELIGIOUS ACTIVITIES | $3,600 |
| CHILDRENS AID SOCIETY SOMERSET, PA | PROMOTE THE CARE OF CHILDREN | $3,000 |
| SOMERSET HUMANE SOCIETY SOMERSET, PA | PROMOTE THE WELL BEING OF ANIMALS | $500 |
| SOMERSET FOOD PANTRY SOMERSET, PA | PROVIDE FOOD FOR PEOPLE IN NEED | $3,000 |
| NEXT STEP CENTER SOMERSET, PA | AID FOR THE HOMELESS | $2,650 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK E LUCENTE | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank S Lucente Foundation?
Frank S Lucente Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, PA. It holds $822K in total assets as of 2024.
How large is Frank S Lucente Foundation?
As of 2024, Frank S Lucente Foundation holds $822K in total assets with $43K in annual revenue. It awarded 14 grants totaling $36K in 2024.
Where does Frank S Lucente Foundation operate?
Frank S Lucente Foundation has awarded grants in Pennsylvania.
What size grants does Frank S Lucente Foundation award?
In 2024, Frank S Lucente Foundation awarded 14 grants totaling $36K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Frank S Lucente Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank S Lucente Foundation reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank S Lucente Foundation's EIN?
Frank S Lucente Foundation's EIN (Employer Identification Number) is 23-7949281. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Frank S Lucente Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.