Lambert Foundation Inc

Foundation · Grantmaker Auburn, AL EIN: 81-4242922

Lambert Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Auburn, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 2 grants totaling $200K. Net investment income was $123K.

Key facts about Lambert Foundation Inc

In short: Lambert Foundation Inc gave $200K across 2 grants in 2024 (avg $100K), mostly in Alabama. Source: 2024 IRS Form 990-PF.

EIN
81-4242922
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$200,000
Grants made (2024)
2
Average grant
$100,000
Median grant
$100,000
Total assets
$1,732,576
Primary geography
Alabama (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.7M

+11.9% YoY

Annual Giving

$200K

-56.2% YoY

Grant Count

2

-50.0% YoY

Avg Grant Size

$100K

-12.5% YoY

Under IRS private-foundation payout rules, Lambert Foundation Inc reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.

How Lambert Foundation Inc gives

  • Giving fell 80% from 2021 to 2024. Method
  • In 2024 it paid out 200% 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

2states

Share of all 2 itemized 2024 grant dollars.

Cities

AuburnHaynevilleAtlantaBirminghamLagrangeLincolnPrattville

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M6 grants20205 grants20217 grants20224 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Imago Dei Church: $100KImago Dei Church$100KUniteus: $100KUniteus$100K

Grant Size Distribution

24 grants across all recorded years

3<$50K4$50–100K15$100–250K2$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
IMAGO DEI CHURCH Hayneville, ALUNRESTRICTED USE CONTRIBUTION$100,000
UNITEUS Auburn, ALUNRESTRICTED USE CONTRIBUTION$100,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M20202021202220232024
Metric202420232022
Total Assets$1,732,576$1,548,874$1,512,102
Revenue$405,328$507,983$580,502
Expenses$221,626$471,211$513,606
Qualifying Distributions$200,000$457,000$500,000
Net Investment Income$122,872$123,953$25,532
Distributable Amount$100,196$90,444$85,856

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Lambert Foundation Inc is led by Justin B. Lambert, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Justin B. Lambert

    President & Treasurer

    On filings since 2020

    No compensation reported

  • Corey Kate Lambert

    Vice President

    On filings since 2020

    No compensation reported

  • Leah H. Chandler

    Secretary

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Lambert Foundation Inc

How much does Lambert Foundation Inc give each year?

Lambert Foundation Inc gave $200K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $457K across 4 grants.

How large is Lambert Foundation Inc?

Lambert Foundation Inc reported $1.7M in total assets on its 2024 IRS Form 990-PF. It paid out $200K in qualifying distributions that year, against a required minimum of $100K (roughly 5% of its investment assets).

What is Lambert Foundation Inc?

Lambert Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Auburn, AL. It holds $1.7M in total assets as of 2024.

Where does Lambert Foundation Inc operate?

Lambert Foundation Inc has awarded grants in Alabama, Georgia.

What is Lambert Foundation Inc's EIN?

Lambert Foundation Inc's EIN (Employer Identification Number) is 81-4242922. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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