Lamb Foundation
The Lamb Foundation is a private 501(c)(3) foundation based in Riverton, New Jersey. Established in January 1987, it operates as a grantmaking foundation with limited staffing and a board of trustees structure.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.7M
-8.1% YoY
Annual Giving
$1.3M
+66.6% YoY
Grant Count
10
-28.6% YoY
Avg Grant Size
$128K
+133.3% YoY
Grantmaking
The foundation distributes grants across multiple focus areas with typical award sizes ranging from $1,300 to $500,000. The median grant amount is $28,000. Recent grant activity shows 10 grants distributed in the most recent filing period, with total giving of $1,276,250.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on Texas, Georgia, and Oregon.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $9,731,402
- Total Revenue: $472,667
- Total Expenses: $1,334,794
- Net Income: -$862,127
- Total Liabilities: $0
The foundation has been tax-exempt since January 1987.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,731,402 | $10,593,529 | $11,074,667 |
| Revenue | $472,667 | $387,742 | $2,038,273 |
| Expenses | $1,334,794 | $868,880 | $349,914 |
| Qualifying Distributions | $1,317,108 | $804,111 | $335,467 |
| Net Investment Income | $454,981 | $371,246 | $2,023,905 |
| Distributable Amount | $603,823 | $696,416 | $711,210 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
52 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by a board of trustees with limited paid staffing:
- George C Lamb III (Trustee)
- William R Lamb (Trustee)
- Margaret Lamb (Trustee)
- Melissa M Lamb (Trustee)
- Carl W Solly (Trustee)
- Elizabeth G Lamb (Trustee)
- Carolyn P Lamb (Trustee)
- Charlesa Rose Lamb (Trustee)
- Terri Jones (Trustee)
- Joseph Solly (Trustee)
- Elizabeth Reed Solly (Trustee)
- Elizabeth Lamb (Trustee)
All trustees serve on a volunteer basis with one hour per week of reported time commitment and no compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE C LAMB III | TRUSTEE | 1 | — |
| WILLIAM R LAMB | TRUSTEE | 1 | — |
| MARGARET LAMB | TRUSTEE | 1 | — |
| MELISSA M LAMB | TRUSTEE | 1 | — |
| CARL W SOLLY | TRUSTEE | 1 | — |
| ELIZABETH G LAMB | TRUSTEE | 1 | — |
| CAROLYN P LAMB | TRUSTEE | 1 | — |
| CHARLESA ROSE LAMB | TRUSTEE | 1 | — |
| TERRI JONES | TRUSTEE | 1 | — |
| JOSEPH SOLLY | TRUSTEE | 1 | — |
| ELIZABETH REED SOLLY | TRUSTEE | 1 | — |
| ELIZABETH LAMB | TRUSTEE | 1 | — |
Related Funders
Similar funders by location and focus area
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—
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Assets
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Stephen J Machuta Scholarship Trust
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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