L B Foundation Inc
L B Foundation Inc is a private foundation, based in Miami Beach, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8K in total assets. In 2024, it awarded 5 grants totaling $80K. Net investment income was $1K.
L B Foundation Inc at a glance
In short: L B Foundation Inc gave $80K across 5 grants in 2024 (avg $16K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $80,000
- +100.0% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $16,000
- +20.0% vs 2023
- Median grant
- $10,000
- Total assets
- $7,987
- -77.6% vs 2023
- Primary geography
- Florida (75% 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 L B Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Children's Resources ($40K). Together the top 5 received $80K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How L B Foundation Inc gives
- In 2024 it paid out well above 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 2022 to 2024, annual grant giving ranged from $40K (2023) to $80K (2024). In 2024 it made 5 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Resources Miami, FL | Education | $40,000 |
| Cancer Link Miami, FL | Breast Cancer Research | $20,000 |
| American Cancer Society Atlanta, GA | Cancer Research | $10,000 |
| St Jude's Childrens Research Hospit Memphis, TN | Medical Research | $5,000 |
| Animal Rescue Mission West Hollywood, CA | Animal Rescue | $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 | $7,987 | $75,926 | $82,133 | $80,000 | 5 | $82,116 | $1,065 | $4,546 |
| 2023 | $35,614 | $57,228 | $40,089 | $40,000 | 3 | $40,061 | $1,249 | $6,609 |
| 2022 | $36,305 | $17,799 | $52,834 | $50,000 | 3 | $51,966 | $1,340 | $7,833 |
| 2021 | $71,340 | $1,677 | $1,713 | — | — | $1,691 | $1,677 | $10,310 |
| 2020 | $71,376 | $1,863 | $1,962 | — | — | — | $1,863 | $7,768 |
Under IRS private-foundation payout rules, L B Foundation Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
L B Foundation Inc is led by Nelson J. Brandt, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Nelson J. Brandt
President & Director
On filings since 2020
1 hr/week
No compensation reported
Betty M. Brandt
V-P. & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Robert J. Madigan (2020–2022) — Secretary, Tr. & Director
Data from IRS Form 990 filings, 2020–2024. "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 L B Foundation Inc
How much does L B Foundation Inc give each year?
L B Foundation Inc gave $80K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $40K across 3 grants.
What is L B Foundation Inc's typical grant size?
L B Foundation Inc's median grant in 2024 was $10,000, and its average grant was $16,000, across 5 grants on its 2024 IRS Form 990-PF.
Where does L B Foundation Inc give grants?
L B Foundation Inc gives mostly in Florida: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Georgia (13%) and Tennessee (6%). The most frequent recipient cities were Miami, FL (2 grants).
Does L B Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on L B Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are L B Foundation Inc's largest grantees?
L B Foundation Inc's largest 2024 grantees include Children's Resources ($40,000), Cancer Link ($20,000) and American Cancer Society ($10,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is L B Foundation Inc?
L B Foundation Inc reported $8K in total assets on its 2024 IRS Form 990-PF. It paid out $82K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is L B Foundation Inc's EIN?
L B Foundation Inc's EIN (Employer Identification Number) is 65-0799910. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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