Lafayette River Foundation
Lafayette River Foundation is a private foundation, based in Norfolk, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $13.4M in total assets. In 2025, it awarded 7 grants totaling $1.9M. Net investment income was $840K.
Lafayette River Foundation at a glance
In short: Lafayette River Foundation gave $1.9M across 7 grants in 2025 (avg $276K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,931,705
- +38.0% vs 2024
- Grants made (2025)
- 7
- +75.0% vs 2024
- Average grant
- $275,958
- -21.2% vs 2024
- Median grant
- $105,000
- Total assets
- $13,446,522
- -7.4% vs 2024
- Primary geography
- Virginia (100% 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 Lafayette River Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Virginia Arts Festival ($975K). Together the top 7 received $1.9M.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was in the $100–250K range: 12 grants of 30 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Lafayette River Foundation gives
- Giving grew 94% from 2022 to 2025. Method
- In 2025 it paid out 211% 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 2019 to 2025, annual grant giving ranged from $621K (2019) to $1.9M (2025). In 2025 it made 7 grants totaling $1.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Arts Festival Norfolk, VA | Various Programs | $975,000 |
| Virginia Opera Norfolk, VA | Various Programs | $350,000 |
| Old Dominion University Museum Norfolk, VA | Various Programs | $200,000 |
| Arts Alliance Norfolk, VA | Various Programs | $105,000 |
| Virginia Museum of Contemporary Art Virginia Beach, VA | Various Programs | $101,705 |
| WHRO Public Media Norfolk, VA | Various Programs | $100,000 |
| Virginia Symphony Norfolk, VA | Various Programs | $100,000 |
Ready to take the next step with Lafayette River 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 | $13,446,522 | $1,011,661 | $2,092,918 | $1,931,705 | 7 | $1,941,805 | $839,760 | $919,363 |
| 2024 | $14,527,779 | $1,651,358 | $1,540,343 | $1,400,000 | 4 | $1,425,100 | $1,464,433 | $914,652 |
| 2023 | $14,416,764 | $857,783 | $1,085,439 | $958,500 | 6 | $983,600 | $688,989 | $838,349 |
| 2022 | $14,624,191 | $358,438 | $1,117,780 | $997,500 | 6 | $1,022,150 | $501,457 | $894,675 |
| 2021 | $15,373,543 | $1,227,305 | $906,160 | $776,227 | 7 | $798,627 | $732,867 | $992,239 |
| 2020 | $14,979,910 | $471,724 | $1,109,319 | $982,389 | 5 | — | $301,686 | $842,175 |
| 2019 | $15,605,965 | $699,301 | $720,028 | $620,983 | 3 | — | $537,051 | $833,909 |
Under IRS private-foundation payout rules, Lafayette River Foundation reported a distributable amount of $919K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lafayette River Foundation's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
E. G. Grandy
Trustee
On filings since 2019
$25K (2019) → $30K (2025)
L. W. Webbiii
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $30K, to E G Grandy (Trustee).
Frequently asked questions about Lafayette River Foundation
How much does Lafayette River Foundation give each year?
Lafayette River Foundation gave $1.9M across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.4M across 4 grants.
What is Lafayette River Foundation's typical grant size?
Lafayette River Foundation's median grant in 2025 was $105,000, and its average grant was $275,958, across 7 grants on its 2025 IRS Form 990-PF.
Where does Lafayette River Foundation give grants?
Lafayette River Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Norfolk, VA (6 grants).
Does Lafayette River Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Lafayette River Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Various Programs" (7 grants).
Who are Lafayette River Foundation's largest grantees?
Lafayette River Foundation's largest 2025 grantees include Virginia Arts Festival ($975,000), Virginia Opera ($350,000) and Old Dominion University Museum ($200,000), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is Lafayette River Foundation?
Lafayette River Foundation reported $13.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.9M in qualifying distributions that year, against a required minimum of $919K (roughly 5% of its investment assets).
What is Lafayette River Foundation's EIN?
Lafayette River Foundation's EIN (Employer Identification Number) is 02-0729969. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 22, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Lafayette River Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Lafayette River Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Business Consortium for Arts Support
Norfolk, VA
Arts Alliance funds nonprofit arts and cultural organizations whose primary mission is fine arts and that regularly perform or exhibit in eligible South Hampton Roads communities in Virginia. Recent awards ranged from $5,500 to $83,850, with a median of $13,750. It directs applicants to a Common Grant Application, so unsolicited requests are accepted through that process.
Assets
$90K
Grants
16
Total Given
$574K
Patricia and Douglas Perry Foundation
Norfolk, VA
The Patricia and Douglas Perry Foundation funds arts and cultural organizations, gardens, zoos, medical transportation, and programs serving people with disabilities, primarily in Virginia. In 2024, it made 31 grants ranging from $1,000 to $2,785,800, with a median grant of $100,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$28.9M
Grants
31
Total Given
$8.8M
The Tom & Claire ONeil Foundation
Old Saybrook, CT
Assets
$543K
Grants
3
Total Given
$1K
The Fannie Milton and Leslie
Norfolk, VA
Assets
$3.9M
Grants
3
Total Given
$130K
L & J Goldrich Foundation
Virginia Beach, VA
Assets
$5.7M
Grants
8
Total Given
$136K
United Way of South Hampton Roads
Norfolk, VA
United Way of South Hampton Roads funds local nonprofits working in education, health, and economic mobility, including services for people facing poverty or crisis and support for children, veterans, and military families. In 2025, its 60 grants ranged from $9,015 to $705,932, with a median of $68,866, and went to Virginia recipients, primarily in South Hampton Roads. Community investment opportunities are offered primarily through requests for proposals; applicants must be certified or apply for certification.
Assets
$66.0M
Grants
60
Total Given
$8.2M
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 Lafayette River 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.
Lafayette River Foundation down — hundreds of funders to go?