L&K Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NOLENSVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 12 grants totaling $159K. Net investment income was $162K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-6.0% YoY
Annual Giving
$159K
+579.3% YoY
Grant Count
12
+200.0% YoY
Avg Grant Size
$13K
+126.4% YoY
Under IRS private-foundation payout rules, L&K Legacy Foundation reported a distributable amount of $124K for 2024 — the minimum it must pay out in qualifying distributions.
About L&K Legacy Foundation
Based on IRS filings
L&K Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NOLENSVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 12 grants totaling $159K. Net investment income was $162K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,396,560 | $2,548,866 | $1,569,046 |
| Revenue | $172,261 | $191,611 | $102,998 |
| Expenses | $215,644 | $30,877 | $73,853 |
| Qualifying Distributions | $195,984 | $23,450 | $32,000 |
| Net Investment Income | $162,373 | $185,973 | $81,323 |
| Distributable Amount | $123,682 | $113,088 | $71,688 |
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
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Christian Foundation ($100,000), West Nashville Dream Center ($13,740), Franklin Road Academy Inc ($5,524).
| Recipient | Purpose | Amount |
|---|---|---|
| Bethel World Outreach Brentwood, TN | General & Unrestricted | $4,676 |
| BeWell In School Nashville, TN | General & Unrestricted | $5,000 |
| Corner to Corner Nashville, TN | General & Unrestricted | $5,175 |
| Fisk University Nashville, TN | General & Unrestricted | $5,000 |
| Franklin Road Academy Inc Nashville, TN | General & Unrestricted | $5,524 |
| Freedom in Christ Ministries Knoxville, TN | General & Unrestricted | $518 |
| Goudeaux Family Foundation Sacramento, CA | General & Unrestricted | $4,500 |
| Healing Minds and Souls Nashville, TN | General & Unrestricted | $5,000 |
| National Christian Foundation Alpharetta, GA | General & Unrestricted | $100,000 |
| Street Works Nashville, TN | General & Unrestricted | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Derrick Morgan | Trustee | 5 | — |
| Charity Morgan | Trustee | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is L&K Legacy Foundation?
L&K Legacy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NOLENSVILLE, TN. It holds $2.4M in total assets as of 2024.
How large is L&K Legacy Foundation?
As of 2024, L&K Legacy Foundation holds $2.4M in total assets with $172K in annual revenue. It awarded 12 grants totaling $159K in 2024.
Where does L&K Legacy Foundation operate?
L&K Legacy Foundation has awarded grants in California, Georgia, Louisiana, Maryland, Pennsylvania, Tennessee.
What size grants does L&K Legacy Foundation award?
In 2024, L&K Legacy Foundation awarded 12 grants totaling $159K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is L&K Legacy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, L&K Legacy Foundation reported a distributable amount of $124K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is L&K Legacy Foundation's EIN?
L&K Legacy Foundation's EIN (Employer Identification Number) is 82-3273690. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in L&K Legacy Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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