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.
Key facts about Lacy Foundation
In short: Lacy Foundation gave $153K across 9 grants in 2025 (avg $17K), top state Virginia. Source: 2025 IRS Form 990-PF.
- EIN
- 52-1205924
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $153,100
- Grants made (2025)
- 9
- Average grant
- $17,011
- Median grant
- $20,000
- Total assets
- $2,042,393
- Primary geography
- Virginia (46% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
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.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Senior Servicesmeals on Wheels ($25K). Together the top 9 received $153K.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 46 grants of 46 (100%).
Giving History
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 |
| Breakthrough Manchester Manchester, NH | Students teaching students program designed to close the educational opportunity gap | $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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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), Breakthrough Manchester ($23,100) and Crisis Control Ministry ($20,000), according to its 2025 IRS Form 990-PF. Together they received 44% 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.
Here's the math on researching Lacy Foundation by hand.
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