James Sr and Beverly Laurita Family Foundation Inc
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
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
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
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
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
| Recipient | Purpose | Amount |
|---|---|---|
| Chestnut Mountain Ranch Foundation Inc Morgantown, WV | Charitable Contribution | $90,000 |
| Mon Valley Habitat for Humanity Morgantown, WV | Charitable Contribution | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,972,289 | $158,804 | $112,353 | $95,000 | 2 | $95,000 | $168,121 | $97,460 |
| 2023 | $1,948,342 | $-9,303 | $79,988 | $65,000 | 3 | $65,000 | $42,116 | $90,576 |
| 2022 | $1,837,148 | $950,567 | $48,927 | $11,000 | 1 | $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
- IRS filings on file for fiscal years 2021–2024
Live grants for the work James Sr and Beverly Laurita Family Foundation Inc funds
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