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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.0M
-0.1% YoY
Annual Giving
$153K
+5.8% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$17K
-6.0% YoY
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.
About Lacy Foundation
Based on IRS filings
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,042,393 | $2,044,962 | $2,114,649 |
| Revenue | $176,454 | $97,999 | $27,967 |
| Expenses | $179,023 | $167,686 | $150,463 |
| Qualifying Distributions | $153,100 | $144,750 | $121,000 |
| Net Investment Income | $153,488 | $80,408 | $36,265 |
| Distributable Amount | $117,424 | $113,308 | $106,645 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Senior Servicesmeals on Wheels ($25,000), Breakthrough Manchester ($23,100), Crisis Control Ministry ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| EXPERIMENT IN SELF-RELIANCE WINSTONSALEM, NC | CAPITAL CAMPAIGN TO BUILD FACILITY TO HOUSE PROGRAMS - HELPING STRUGGLING FAMILIES TO HELP THEMSELVES | $15,000 |
| BREAKTHROUGH MANCHESTER MANCHESTER, NH | STUDENTS TEACHING STUDENTS PROGRAM DESIGNED TO CLOSE THE EDUCATIONAL OPPORTUNITY GAP | $23,100 |
| CRISIS CONTROL MINISTRY WINSTONSALEM, NC | TO PROVIDE ASSISTANCE TO INDIGENT FAMILIES | $20,000 |
| FAMILY YMCA BUILDING A HEALTHY COMMUNITY MARTINSVILLE, VA | TO PROVIDE ASSISTANCE FOR SCHOLARSHIPS FOR NEEDY CHILDREN | $10,000 |
| GRACE NETWORK OF MARTINSVILLEHENRY COUNTY MARTINSVILLE, VA | HELPING STRUGGLING FAMILIES TO MEET VARIOUS NEEDS | $20,000 |
| SENIOR SERVICESMEALS ON WHEELS WINSTONSALEM, NC | PROMOTING HEALTH AND WELL BEING OF SENIOR CITIZENS BY DELIVERING FOOD TO THEIR HOMES | $25,000 |
| SAFETYNET INC MARTINSVILLE, VA | TO PROVIDE ASSISTANCE TO NEEDY FAMILIES WHO MAY NOT QUALIFY FOR OTHER ASSISTANCE | $10,000 |
| UNITED WAY OF MARTINSVILLEHENRY COUNTY (HOPE & SMART BEGINNINGS) MARTINSVILLE, VA | TO PROVIDE ASSISTANCE TO THE COMMUNITY | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK LACY JR | PRESIDENT | 0.2 | — |
| RICHARD W CRITZ | SECRETARY | 0.2 | — |
| EDWARD S LACY | DIRECTOR | 0.05 | — |
| BRENT M LACY | DIRECTOR | 0.05 | — |
| FRANK M JAMES III | DIRECTOR | 0.2 | — |
| LACY JAMES | DIRECTOR | 0.05 | — |
| KIERRA JAMES | TREASURER | 0.05 | — |
| PATRICK CRITZ | DIRECTOR | 0.05 | — |
| MADELINE JAMES | DIRECTOR | 0.05 | — |
| TYLER CRITZ | DIRECTOR | 0.05 | — |
Frequently Asked Questions
How large is Lacy Foundation?
As of 2025, Lacy Foundation holds $2.0M in total assets with $176K in annual revenue. It awarded 9 grants totaling $153K in 2025.
Where does Lacy Foundation operate?
Lacy Foundation has awarded grants in North Carolina, New Hampshire, New York, Virginia.
What size grants does Lacy Foundation award?
In 2025, Lacy Foundation awarded 9 grants totaling $153K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Lacy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Lacy Foundation reported a distributable amount of $117K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Lacy Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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