Lap Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA PINE, OR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $75K. Net investment income was $84K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+0.2% YoY
Annual Giving
$75K
-25.5% YoY
Grant Count
9
-52.6% YoY
Avg Grant Size
$8K
+57.3% YoY
About Lap Foundation
Based on IRS filings
Lap Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA PINE, OR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 9 grants totaling $75K. Net investment income was $84K.
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 | $1,032,621 | $1,030,504 | $1,035,862 |
| Revenue | $137,150 | $146,753 | $144,880 |
| Expenses | $128,807 | $158,338 | $163,971 |
| Qualifying Distributions | $75,495 | $101,310 | $110,238 |
| Net Investment Income | $83,893 | $90,955 | $65,378 |
| Distributable Amount | $80,992 | $74,319 | $67,320 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Katherine Mauldin | President | 2 | — |
| Paul Adelman | Treasurer | 0.1 | — |
| Jeffrey Griffin | Secretary | 0.1 | — |
| Julia S Adelman | Assistant Secretary | 0.1 | — |
| Nicholas E Adelman | Assistant Treasurer | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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BEND, OR
Assets
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Grants
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Total Given
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Grants
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Total Given
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Portland Rotary Charitable Trust
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Assets
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Grants
8
Total Given
$86K
Catholic Youth Organization
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Assets
$18.1M
Grants
1
Total Given
$11K
Oregon Pathfinder
PORTLAND, OR
Assets
$61K
Grants
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Total Given
$317K
Trail Rhythms Inc
SISTERS, OR
Assets
$3K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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