Lacy Foundation

MARTINSVILLE, VA EIN: 52-1205924

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

+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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $463K (63%)

North Carolina $170K (23%)

New Hampshire $107K (14%)

States

North Carolina New Hampshire New York Virginia

Cities

BinghamtonManchesterMartinsvilleWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.