Kenneth and Leona Larrance

LAKELAND, FL EIN: 36-3534360

Kenneth and Leona Larrance is a private foundation focused on Education, based in LAKELAND, FL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 1 grants totaling $61K. Net investment income was $70K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+6.5% YoY

Annual Giving

$61K

+12.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$61K

+12.9% YoY

Under IRS private-foundation payout rules, Kenneth and Leona Larrance reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.

About Kenneth and Leona Larrance

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $220K (100%)

States

Illinois

Cities

Naperville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,301,225	$1,221,379	$1,082,070
Revenue	$87,099	$51,162	$48,456
Expenses	$78,449	$69,682	$72,009
Qualifying Distributions	$61,069	$54,108	$56,411
Net Investment Income	$69,719	$35,588	$32,858
Distributable Amount	$61,150	$57,523	$60,899

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include N Central College ($61,069).

Recipient	Purpose	Amount
N CENTRAL COLLEGE NAPERVILLE, IL	SCHOLARSHIPS	$61,069

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CITIZENS BANK TRUST	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Kenneth and Leona Larrance?

Kenneth and Leona Larrance is a private foundation focused on Education, based in LAKELAND, FL. It holds $1.3M in total assets as of 2024.

How large is Kenneth and Leona Larrance?

As of 2024, Kenneth and Leona Larrance holds $1.3M in total assets with $87K in annual revenue. It awarded 1 grants totaling $61K in 2024.

Where does Kenneth and Leona Larrance operate?

Kenneth and Leona Larrance has awarded grants in Illinois.

What size grants does Kenneth and Leona Larrance award?

In 2024, Kenneth and Leona Larrance awarded 1 grants totaling $61K — an average of about $61K per grant, based on its IRS Form 990 filings.

How much is Kenneth and Leona Larrance required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Kenneth and Leona Larrance reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.