Lacy Foundation
Lacy Foundation is a private foundation, based in Martinsville, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 9 grants totaling $153K. Net investment income was $153K.
Lacy Foundation at a glance
In short: Lacy Foundation gave $153K across 9 grants in 2025 (avg $17K), top state Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $153,100
- +5.8% vs 2024
- Grants made (2025)
- 9
- +12.5% vs 2024
- Average grant
- $17,011
- -6.0% vs 2024
- Median grant
- $20,000
- Total assets
- $2,042,393
- -0.1% vs 2024
- Primary geography
- Virginia (46% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lacy Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Senior Servicesmeals on Wheels ($25K). Together the top 8 received $130K.
Organizations only. It also paid 1 grant to individuals ($23,100), which are not listed by name.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 46 grants of 46 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Lacy Foundation gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 130% of 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 2020 to 2025, annual grant giving ranged from $121K (2023) to $183K (2020). In 2025 it made 9 grants totaling $153K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Senior Servicesmeals on Wheels Winston-Salem, NC | Promoting health and well being of senior citizens by delivering food to their homes | $25,000 |
| 1 grant to individuals Recipients not named | — | $23,100 |
| Crisis Control Ministry Winston-Salem, NC | To Provide Assistance to Indigent Families | $20,000 |
| Grace Network of Martinsvillehenry County Martinsville, VA | Helping Struggling Families to Meet Various Needs | $20,000 |
| United Way of Martinsvillehenry County (Hope & Smart Beginnings) Martinsville, VA | To Provide Assistance to the Community | $20,000 |
| Experiment in Self-Reliance Winston-Salem, NC | Capital campaign to build facility to house programs - helping struggling families to help themselves | $15,000 |
| Community Storehouse Martinsville, VA | To feed those in need, reduce food waste, and educate the community on the issues of hunger and nutrition | $10,000 |
| Family YMCA Building a Healthy Community Martinsville, VA | To Provide Assistance for Scholarships for Needy Children | $10,000 |
| Safetynet Inc Martinsville, VA | To provide assistance to needy families who may not qualify for other assistance | $10,000 |
Ready to take the next step with Lacy Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,042,393 | $176,454 | $179,023 | $153,100 | 9 | $153,100 | $153,488 | $117,424 |
| 2024 | $2,044,962 | $97,999 | $167,686 | $144,750 | 8 | $144,750 | $80,408 | $113,308 |
| 2023 | $2,114,649 | $27,967 | $150,463 | $121,000 | 8 | $121,000 | $36,265 | $106,645 |
| 2022 | $2,237,145 | $384,797 | $186,992 | $160,000 | 10 | $160,000 | $366,992 | $114,724 |
| 2021 | $2,039,340 | $178,389 | $183,520 | $161,000 | 11 | — | $178,389 | $123,456 |
| 2020 | $2,044,471 | $124,218 | $204,873 | $183,300 | 12 | — | $108,529 | $111,566 |
Under IRS private-foundation payout rules, Lacy Foundation reported a distributable amount of $117K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lacy Foundation is led by Frank Lacy Jr., President on every filing since 2020; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frank Lacy Jr.
President
On filings since 2020
0.2 hrs/week
No compensation reported
Brent M. Lacy
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Edward S. Lacy
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Frank M. James III
Director
Treasurer → Director, 2024
On filings since 2020
0.2 hrs/week
No compensation reported
Lacy James
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Madeline James
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Patrick Critz
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Tyler Critz
Director
On filings since 2024
0.1 hrs/week
No compensation reported
Kierra James
Treasurer
Director → Treasurer, 2024
On filings since 2020
0.1 hrs/week
No compensation reported
Richard W. Critz
Secretary
On filings since 2020
0.2 hrs/week
No compensation reported
Former officers (1)
- Former: Adele James (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Lacy Foundation
How much does Lacy Foundation give each year?
Lacy Foundation gave $153K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $145K across 8 grants.
What is Lacy Foundation's typical grant size?
Lacy Foundation's median grant in 2025 was $20,000, and its average grant was $17,011, across 9 grants on its 2025 IRS Form 990-PF.
Where does Lacy Foundation give grants?
Lacy Foundation's top state is Virginia, with 46% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were North Carolina (39%) and New Hampshire (15%). The most frequent recipient cities were Martinsville, VA (5 grants) and Winston-Salem, NC (3 grants).
Does Lacy Foundation give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Lacy Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Lacy Foundation's largest grantees?
Lacy Foundation's largest 2025 grantees include Senior Servicesmeals on Wheels ($25,000), Crisis Control Ministry ($20,000) and Grace Network of Martinsvillehenry County ($20,000), according to its 2025 IRS Form 990-PF. It also paid 1 grant to individuals ($23,100), which are not listed by name. Together they received 42% of its itemized 2025 grant dollars.
How large is Lacy Foundation?
Lacy Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $153K in qualifying distributions that year, against a required minimum of $117K (roughly 5% of its investment assets).
What is Lacy Foundation's EIN?
Lacy Foundation's EIN (Employer Identification Number) is 52-1205924. IRS Form 990 filing data is available on this page for 2020–2025.
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 2020–2025
Other open foundation grants in Virginia
Virginia Open opportunities, soonest deadline first.
- CIDQ Emerging Interior Design Educator Scholarship Program NCIDQ Exam fees (exam-fee voucher; excludes application fees and study materials) · Due October 31, 2026
- CIDQ Scholarship ACCESS Program (SAP) NCIDQ Exam fees (exam-fee voucher; excludes application fees and study materials) · Due October 31, 2026
- Dental Trade Alliance Foundation Grants Due November 30, 2026
Explore Open Grants
Browse active grant opportunities in Lacy Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
WC English Foundation
Lynchburg, VA
The foundation supports religious, charitable, and educational organizations, including family services, basic-needs programs, schools, and community organizations. In 2025, it awarded grants of $7,500 to $125,000, with a median of $30,000, primarily in Virginia, South Carolina, and Georgia. It accepts applications; the filing lists a letter, explanation of need, information about other funding, and an IRS exemption letter as required materials.
Assets
$18.8M
Grants
18
Total Given
$812K
Beacon Foundation Charitable Trust
Kennesaw, GA
The Beacon Foundation Charitable Trust funds education and student needs, youth programs, housing and crisis assistance, and arts access, with 2025 grants ranging from $20,000 to $100,000 and a median of $45,000. Its 2025 grants went to organizations in Tennessee, Georgia, North Carolina, and Alabama. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$7.0M
Grants
19
Total Given
$915K
Forsyth Memorial Hospital Inc
Winston-Salem, NC
Forsyth Memorial Hospital supports health and wellness in Forsyth County, including access to care, maternal and infant health, community outreach, and workforce development. In 2024, it made 22 grants totaling $2.13 million, ranging from $6,000 to $948,206, with a median award of $22,250; most funding went to North Carolina. The profile does not state whether it accepts unsolicited requests.
Assets
$3.2B
Grants
22
Total Given
$2.1M
Shallow Ford Foundation Inc
Clemmons, NC
Shallow Ford Foundation funds community projects and scholarships in areas including human services, health, arts and culture, education, and community development, serving Clemmons, Lewisville, Yadkin County, and North Davidson County. Its 2025 grants ranged from $5,264 to $205,000, with a median of $9,500; its community-grant programs offer awards up to $7,500 in Lewisville-Clemmons and $12,000 in Yadkin County. It does not accept out-of-cycle applications unless solicited on behalf of a donor advisor.
Assets
$20.0M
Grants
49
Total Given
$1.2M
Halaby Family Foundation Inc
Fort Worth, TX
Assets
$51K
Grants
2
Total Given
$100K
Scheiderman Family Foundation
Sequim, WA
Assets
$2K
Grants
2
Total Given
$1K
More similar funders
More Funders in Virginia
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Lacy Foundation'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.
Lacy Foundation down — hundreds of funders to go?