Im L F & C Foundation
Im L F & C Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 9 grants totaling $295K. Net investment income was $208K.
Im L F & C Foundation at a glance
In short: Im L F & C Foundation gave $295K across 9 grants in 2025 (avg $33K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $294,500
- +34.2% vs 2024
- Grants made (2025)
- 9
- -18.2% vs 2024
- Average grant
- $32,722
- +64.0% vs 2024
- Median grant
- $20,000
- Total assets
- $1,726,843
- -5.6% vs 2024
- Primary geography
- Virginia (80% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Im L F & C Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Up RVA ($100K). Together the top 9 received $295K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 19 grants of 30 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Im L F & C Foundation gives
- Giving grew 64% from 2022 to 2025. Method
- In 2025 it paid out 152% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $30K (2020) to $295K (2025). In 2025 it made 9 grants totaling $295K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Up RVA Richmond, VA | Unrestricted General | $100,000 |
| Chesapeake Bay Foundation Annapolis, MD | Unrestricted General | $60,000 |
| Triway Trail Irvington, VA | Unrestricted General | $55,000 |
| Richmond Ballet Richmond, VA | Unrestricted General | $25,000 |
| Grace & Holy Trinity Church Endowment Fund Richmond, VA | Unrestricted General | $20,000 |
| St Andrews School Richmond, VA | Unrestricted General | $20,000 |
| Better Housing Coalition Richmond, VA | Unrestricted General | $12,500 |
| Hollins College Roanoke, VA | Unrestricted General | $1,000 |
| Trinity Episcopal School Inc Richmond, VA | Unrestricted General | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,726,843 | $226,413 | $327,895 | $294,500 | 9 | $306,088 | $207,756 | $201,099 |
| 2024 | $1,828,653 | $228,272 | $248,970 | $219,500 | 11 | $230,355 | $211,091 | $188,088 |
| 2023 | $1,850,295 | $141,159 | $202,375 | $185,500 | 5 | $191,898 | $130,790 | $159,188 |
| 2022 | $1,912,403 | $121,642 | $206,420 | $180,000 | 4 | $189,199 | $106,862 | $157,357 |
| 2021 | $1,997,679 | $3,354,205 | $136,318 | $125,000 | 1 | $129,441 | $84,281 | $85,502 |
| 2020 | $213,856 | $14,998 | $33,799 | $30,000 | 2 | — | $12,663 | $16,893 |
Under IRS private-foundation payout rules, Im L F & C Foundation reported a distributable amount of $201K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Im L F & C Foundation is led by Virginia H. Totten, President since 2023 (on filings since 2020); 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Virginia H. Totten
President
President & Director → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Bank Of America
Agent for Fiduciary
On filings since 2020
1 hr/week
$3K (2020) → $28K (2025)
Caroline T. Gary
Vice President
On filings since 2020
1 hr/week
No compensation reported
Fitz R. Totten
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Louise T. Knabe
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $28K, to Bank of America (Agent for Fiduciary).
Frequently asked questions about Im L F & C Foundation
How much does Im L F & C Foundation give each year?
Im L F & C Foundation gave $295K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $220K across 11 grants.
What is Im L F & C Foundation's typical grant size?
Im L F & C Foundation's median grant in 2025 was $20,000, and its average grant was $32,722, across 9 grants on its 2025 IRS Form 990-PF.
Where does Im L F & C Foundation give grants?
Im L F & C Foundation gives mostly in Virginia: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Maryland (20%). The most frequent recipient cities were Richmond, VA (6 grants).
Does Im L F & C Foundation give general operating support?
Yes: 100% of Im L F & C Foundation's 2025 grants with a stated purpose (9 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Im L F & C Foundation's largest grantees?
Im L F & C Foundation's largest 2025 grantees include Up RVA ($100,000), Chesapeake Bay Foundation ($60,000) and Triway Trail ($55,000), according to its 2025 IRS Form 990-PF. Together they received 73% of its itemized 2025 grant dollars.
How large is Im L F & C Foundation?
Im L F & C Foundation reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $306K in qualifying distributions that year, against a required minimum of $201K (roughly 5% of its investment assets).
What is Im L F & C Foundation's EIN?
Im L F & C Foundation's EIN (Employer Identification Number) is 54-1810269. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 31, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
Explore Open Grants
Browse active grant opportunities in Im L F & C Foundation's focus areas in our free grants database
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