Lagos Family Foundation

RICHMOND, VA EIN: 54-2015119

Lagos Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25K in total assets. In 2024, it awarded 6 grants totaling $5K. Net investment income was $1K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$25K

-13.4% YoY

Annual Giving

$5K

-52.4% YoY

Grant Count

-14.3% YoY

Avg Grant Size

$833.333

-44.4% YoY

Under IRS private-foundation payout rules, Lagos Family Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Lagos Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $73K (81%)

Arizona $7K (8%)

Tennessee $5K (6%)

North Carolina $4K (5%)

New York $500 (1%)

States

Arizona North Carolina New York Tennessee Virginia

Cities

CorollaGoochlandHigh PointMemphisPhoenixRichmondStaten Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$24,601	$28,406	$19,221
Revenue	$2,648	$21,003	$1,048
Expenses	$6,453	$11,818	$9,088
Qualifying Distributions	$6,291	$11,680	$8,938
Net Investment Income	$1,336	$825	$688
Distributable Amount	$1,532	$1,383	$1,404

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

34 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include John Rolfe Ymca ($2,000), Make-a-wish Foundation ($1,000), St Jude Children's Hospital ($1,000).

Recipient	Purpose	Amount
JOHN ROLFE YMCA RICHMOND, VA	GENERAL OPERATING	$2,000
MAKE-A-WISH FOUNDATION PHOENIX, AZ	GENERAL OPERATING	$1,000
ST JUDE CHILDREN'S HOSPITAL MEMPHIS, TN	GENERAL OPERATING	$1,000
TUNNELS TO TOWERS FOUNDATION STATEN ISLAND, NY	GENERAL OPERATING	$500
COROLLA FIRE AND RESCUE FOUNDATION COROLLA, NC	GENERAL OPERATING	$250
TUCKAHOE VOLUNTEER RESCUE SQUAD RICHMOND, VA	GENERAL OPERATING	$250

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WILLIAM J LAGOS	PRESIDENT	0.2	—
WILLIAM J LAGOS JR	VICE PRES.	0.2	—
CHRISTOPHER J LAGOS	VICE PRES.	0.2	—
ANN D LAGOS	SECRETARY	0.2	—
KATHRYN M LAGOS	TREASURER	0.2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lagos Family Foundation?

Lagos Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. It holds $25K in total assets as of 2024.

How large is Lagos Family Foundation?

As of 2024, Lagos Family Foundation holds $25K in total assets with $3K in annual revenue. It awarded 6 grants totaling $5K in 2024.

Where does Lagos Family Foundation operate?

Lagos Family Foundation has awarded grants in Arizona, North Carolina, New York, Tennessee, Virginia.

What size grants does Lagos Family Foundation award?

In 2024, Lagos Family Foundation awarded 6 grants totaling $5K — an average of about $833.333 per grant, based on its IRS Form 990 filings.

How much is Lagos Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lagos Family Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.