James Sr and Beverly Laurita Family Foundation Inc

Private foundation · Grantmaker Morgantown, WV EIN: 87-3884969

James Sr and Beverly Laurita Family Foundation Inc is a private foundation, 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.

James Sr and Beverly Laurita Family Foundation Inc at a glance

In short: James Sr and Beverly Laurita Family Foundation Inc gave $95K across 2 grants in 2024 (avg $48K), mostly in West Virginia. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$95,000
+46.2% vs 2023
Grants made (2024)
2
-33.3% vs 2023
Average grant
$47,500
+119.2% vs 2023
Median grant
$47,500
Total assets
$1,972,289
+1.2% vs 2023
Primary geography
West Virginia (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who James Sr and Beverly Laurita Family Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Chestnut Mountain Ranch Foundation Inc: $90KChestnut Mountain RanchFoundation Inc$90KMon Valley Habitat for Humanity: $5KMon Valley Habitat forHumanity$5K

The largest 2024 recipient was Chestnut Mountain Ranch Foundation Inc ($90K). Together the top 2 received $95K.

Grant Size Distribution

6 grants across all recorded years

5<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 6 (83%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

Cities

Morgantown

How James Sr and Beverly Laurita Family Foundation Inc gives

  • In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

$0$25K$50K$75K$100K0 grants2021 1 grant2022 3 grants2023 2 grants2024

From 2022 to 2024, annual grant giving ranged from $11K (2022) to $95K (2024). In 2024 it made 2 grants totaling $95K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Chestnut Mountain Ranch Foundation Inc Morgantown, WVCharitable Contribution$90,000
Mon Valley Habitat for Humanity Morgantown, WVCharitable Contribution$5,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$1,972,289$158,804$112,353$95,0002$95,000$168,121$97,460
2023$1,948,342$-9,303$79,988$65,0003$65,000$42,116$90,576
2022$1,837,148$950,567$48,927$11,0001$11,000$1,731,572$67,264
2021$1,038,829$1,000,000——————

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.

Leadership & Key People

Officers and directors from IRS filings

James Sr and Beverly Laurita Family Foundation Inc is led by James L. Laurita Jr., President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • James L. Laurita Jr.

    President

    On filings since 2021

    1 hr/week

    No compensation reported

  • Thomas A. Laurita

    Vice President

    On filings since 2021

    1 hr/week

    No compensation reported

  • Toni D. Dering

    Secretary & Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about James Sr and Beverly Laurita Family Foundation Inc

How much does James Sr and Beverly Laurita Family Foundation Inc give each year?

James Sr and Beverly Laurita Family Foundation Inc gave $95K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $65K across 3 grants.

How large is James Sr and Beverly Laurita Family Foundation Inc?

James Sr and Beverly Laurita Family Foundation Inc reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $95K in qualifying distributions that year, against a required minimum of $97K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

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 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.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from James Sr and Beverly Laurita Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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