LB Foundation
LB Foundation is a private foundation based in Greenville, South Carolina (EIN 843411455). Its 2025 filing reports 21 grants totaling $3,912,147, with nearly all grant dollars going to recipients in South Carolina.
LB Foundation at a glance
In short: LB Foundation gave $3.9M across 21 grants in 2025 (avg $186K), mostly in South Carolina. 25% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,912,147
- +53.9% vs 2024
- Grants made (2025)
- 21
- +10.5% vs 2024
- Average grant
- $186,293
- +39.3% vs 2024
- Median grant
- $86,025
- Total assets
- $64,959,669
- -3.2% vs 2024
- New grantees (estimate)
- 25% first-time grantees (4 of 16, 2025; small sample)
- Primary geography
- South Carolina (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to LB Foundation
- How to Apply
-
The foundation’s 2024 filing says organizations requesting a grant must submit a foundation-approved grant application. It does not make grants to organizations that have not been recognized by the IRS as Section 501(c)(3) public charities.
- Review Cycle
- Applications may be submitted at any time during the year, according to the 2024 filing.
- Deadline
- Applications may be submitted at any time during the year, according to the 2024 filing.
- Contact
Application contact: Lb Foundation
Mailing address: Post Office Box 9179, Greenville, SC 29604
Phone: (864) 233-8449
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who LB Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Family Effect ($1.2M). Together the top 10 received $3.8M.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 30 grants of 59 (51%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 filing says it concentrates the majority of its support on charitable causes and purposes in South Carolina, while it may provide a minority of support for charitable, medical, or educational organizations or projects in Vietnam, especially those that improve relations between South Carolina and Vietnam. In 2025, 99% of grant dollars went to recipients in South Carolina and 1% to recipients in Rhode Island.
Grant Distribution by State
Share of 2025 grant dollars across all 21 itemized grants.
States
Cities
Is LB Foundation open to new grantees?
25%
first-time grantees, 2025
In 2025, 4 of 16 grantees (25%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $30K; repeat grants $316K. How we count
Medians: $30K first-time, $152K repeat.
- 63% of 2025 grantees were also funded in 2024. Method
- Giving grew 1706% from 2022 to 2025. Method
- In 2025 it paid out 131% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $55K (2021) to $3.9M (2025). In 2025 it made 21 grants totaling $3.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Family Effect Greenville, SC | Capital | $1,216,850 |
| Soteria Community Development Greenville, SC | Capital | $752,000 |
| Mill Village Ministries Greenville, SC | Capital | $500,000 |
| Time Served Taylors, SC | Program | $250,000 |
| Soteria Community Development Greenville, SC | Program | $246,000 |
| Mill Village Ministries Greenville, SC | Program | $154,445 |
| Best Skills Academy Taylors, SC | Program | $150,000 |
| Poe Mill Achievement Center Greenville, SC | Program | $110,450 |
| Fostering Great Ideas Greenville, SC | Program | $100,000 |
| Bel-Aire Community Partners Greenville, SC | Capital | $94,100 |
Ready to take the next step with LB Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $64,959,669 | $2,485,447 | $4,601,029 | $3,912,147 | 21 | $4,563,410 | $2,509,237 | $3,496,369 |
| 2024 | $67,075,251 | $2,929,190 | $3,174,663 | $2,541,676 | 19 | $2,944,843 | $2,706,418 | $3,260,882 |
| 2023 | $67,320,724 | $2,676,559 | $1,602,360 | $1,116,067 | 10 | $1,597,373 | $2,145,328 | $3,266,995 |
| 2022 | $66,246,525 | $63,839,782 | $435,332 | $216,580 | 5 | $435,314 | $358,808 | $1,167,847 |
| 2021 | $2,842,075 | $7,435 | $81,031 | $54,949 | 4 | $81,026 | $1,310 | $129,801 |
| 2020 | $2,915,671 | $2,000,329 | $84,670 | $79,155 | 5 | — | $329 | $130,864 |
Under IRS private-foundation payout rules, LB Foundation reported a distributable amount of $3.5M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included capital and program awards to organizations working in areas such as affordable housing and financial counseling, education and youth development, community improvement, and legal services. These are descriptions of grantees’ work, not stated missions of the foundation.
For example, Soteria Community Development says it works to help low-income people in the Greenville area become self-sufficient through financial education, housing assistance, and employment support. Mill Village Ministries says it confronts local systemic injustice through education, access, and resources. Time Served says it provides free legal services and advocacy for system-impacted people in South Carolina.
Grantmaking
In filing year 2025, LB Foundation made 21 grants totaling $3,912,147. Grant amounts ranged from $987 to $1,216,850, with a median of $86,025.
Among the largest reported awards were $1,216,850 to Family Effect for capital; $752,000 to Soteria Community Development for capital; $500,000 to Mill Village Ministries for capital; and $250,000 to Time Served for program support. Other notable awards included $246,000 to Soteria Community Development for program support, $154,445 to Mill Village Ministries for program support, and $150,000 to Best Skills Academy for program support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Laura Bell as president, Beverly Nash Heidlberg as vice preside, and Eric Englebardt as director.
LB Foundation is led by Laura Bell, President on every filing since 2020; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Laura Bell
President
On filings since 2020
40 hrs/week
$100K (2022) → $180K (2025)
Eric Englebardt
Director
On filings since 2020
3 hrs/week
$2K (2025)
Beverly Nash Heidlberg
Vice President
On filings since 2020
40 hrs/week
$10K (2021) → $70K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $180K, to Laura Bell (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about LB Foundation
How much does LB Foundation give each year?
LB Foundation gave $3.9M across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.5M across 19 grants.
What is LB Foundation's typical grant size?
LB Foundation's median grant in 2025 was $86,025, and its average grant was $186,293, across 21 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from LB Foundation that year got $30K on average.
Where does LB Foundation give grants?
LB Foundation gives mostly in South Carolina: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Greenville, SC (13 grants), Taylors, SC (4 grants) and Spartanburg, SC (2 grants).
Does LB Foundation give general operating support?
Not in 2025: none of the 21 grants with a stated purpose on LB Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program" (11 grants) and "Capital" (10 grants).
Who are LB Foundation's largest grantees?
LB Foundation's largest 2025 grantees include Family Effect ($1,216,850), Soteria Community Development ($998,000 across 2 grants) and Mill Village Ministries ($654,445 across 2 grants), according to its 2025 IRS Form 990-PF. Together they received 73% of its itemized 2025 grant dollars.
How large is LB Foundation?
LB Foundation reported $65.0M in total assets on its 2025 IRS Form 990-PF. It paid out $4.6M in qualifying distributions that year, against a required minimum of $3.5M (roughly 5% of its investment assets).
What does LB Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included capital and program awards to organizations working in areas such as affordable housing and financial counseling, education and youth development, community improvement, and legal services. See mission & focus areas ↑
How do I apply for a grant from LB Foundation?
The foundation’s 2024 filing says organizations requesting a grant must submit a foundation-approved grant application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is LB Foundation's EIN?
LB Foundation's EIN (Employer Identification Number) is 84-3411455. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 20, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in LB Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). LB Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/lb-foundation-morg_99ed2fc774584fb9844bc5bd1bbd9eb3
BibTeX
@misc{grantable_843411455_2026,
author = {{Grantable}},
title = {{LB Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lb-foundation-morg_99ed2fc774584fb9844bc5bd1bbd9eb3},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from LB Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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