James Sr and Beverly Laurita Family Foundation Inc
James Sr and Beverly Laurita Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORGANTOWN, WV. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 2 grants totaling $95K. Net investment income was $168K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+1.2% YoY
Annual Giving
$95K
+46.2% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$48K
+119.2% YoY
Under IRS private-foundation payout rules, James Sr and Beverly Laurita Family Foundation Inc reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
About James Sr and Beverly Laurita Family Foundation Inc
Based on IRS filings
James Sr and Beverly Laurita Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORGANTOWN, WV. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 2 grants totaling $95K. Net investment income was $168K.
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 | $1,972,289 | $1,948,342 | $1,837,148 |
| Revenue | $158,804 | $-9,303 | $950,567 |
| Expenses | $112,353 | $79,988 | $48,927 |
| Qualifying Distributions | $95,000 | $65,000 | $11,000 |
| Net Investment Income | $168,121 | $42,116 | $1,731,572 |
| Distributable Amount | $97,460 | $90,576 | $67,264 |
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chestnut Mountain Ranch Foundation Inc ($90,000), Mon Valley Habitat for Humanity ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MON VALLEY HABITAT FOR HUMANITY MORGANTOWN, WV | CHARITABLE CONTRIBUTION | $5,000 |
| CHESTNUT MOUNTAIN RANCH FOUNDATION INC MORGANTOWN, WV | CHARITABLE CONTRIBUTION | $90,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES L LAURITA JR | PRESIDENT | 1 | — |
| THOMAS A LAURITA | VICE-PRESIDENT | 1 | — |
| TONI D DERING | SECRETARY / TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is James Sr and Beverly Laurita Family Foundation Inc?
James Sr and Beverly Laurita Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORGANTOWN, WV. It holds $2.0M in total assets as of 2024.
How large is James Sr and Beverly Laurita Family Foundation Inc?
As of 2024, James Sr and Beverly Laurita Family Foundation Inc holds $2.0M in total assets with $159K in annual revenue. It awarded 2 grants totaling $95K in 2024.
Where does James Sr and Beverly Laurita Family Foundation Inc operate?
James Sr and Beverly Laurita Family Foundation Inc has awarded grants in West Virginia.
What size grants does James Sr and Beverly Laurita Family Foundation Inc award?
In 2024, James Sr and Beverly Laurita Family Foundation Inc awarded 2 grants totaling $95K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is James Sr and Beverly Laurita Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James Sr and Beverly Laurita Family Foundation Inc reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James Sr and Beverly Laurita Family Foundation Inc's EIN?
James Sr and Beverly Laurita Family Foundation Inc's EIN (Employer Identification Number) is 87-3884969. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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