Lb Foundation

GREENVILLE, SC EIN: 84-3411455

Lb Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENVILLE, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $67.1M in total assets. In 2024, it awarded 19 grants totaling $2.5M. Net investment income was $2.7M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$67.1M

-0.4% YoY

Annual Giving

$2.5M

+127.7% YoY

Grant Count

+90.0% YoY

Avg Grant Size

$134K

+19.9% YoY

Under IRS private-foundation payout rules, Lb Foundation reported a distributable amount of $3.3M for 2024 — the minimum it must pay out in qualifying distributions.

About Lb Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $4.0M (100%)

States

South Carolina

Cities

GreenvilleSenecaSimpsonvilleSpartanburgTaylors

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$67,075,251	$67,320,724	$66,246,525
Revenue	$2,929,190	$2,676,559	$63,839,782
Expenses	$3,174,663	$1,602,360	$435,332
Qualifying Distributions	$2,944,843	$1,597,373	$435,314
Net Investment Income	$2,706,418	$2,145,328	$358,808
Distributable Amount	$3,260,882	$3,266,995	$1,167,847

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

43 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Safe Harbor Inc ($418,548), Soteria Community Development ($392,000), Mill Village Ministries ($365,656).

Recipient	Purpose	Amount
BEL-AIRE COMMUNITY PARTNERS GREENVILLE, SC	CAPITAL	$62,168
BEL-AIRE COMMUNITY PARTNERS GREENVILLE, SC	PROGRAM	$15,145
BEST SKILLS ACADEMY TAYLORS, SC	CAPITAL	$6,554
BEST SKILLS ACADEMY TAYLORS, SC	PROGRAM	$161,590
FAMILY EFFECT GREENVILLE, SC	CAPITAL	$158,385
GIRLUP GVL GREENVILLE, SC	CAPITAL	$137,992
JASMINE ROAD INC GREENVILLE, SC	CAPITAL	$78,291
MILL VILLAGE MINISTRIES GREENVILLE, SC	PROGRAM	$365,656
MOSAIC GREENVILLE, SC	CAPITAL	$2,000
POE MILL ACHIEVEMENT CENTER GREENVILLE, SC	CAPITAL	$103,488

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LAURA BELL	PRESIDENT	40	$150,000
BEVERLY NASH HEIDLBERG	VICE PRESIDE	40	$50,000
ERIC ENGLEBARDT	DIRECTOR	3	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lb Foundation?

Lb Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENVILLE, SC. It holds $67.1M in total assets as of 2024.

How large is Lb Foundation?

As of 2024, Lb Foundation holds $67.1M in total assets with $2.9M in annual revenue. It awarded 19 grants totaling $2.5M in 2024.

Where does Lb Foundation operate?

Lb Foundation has awarded grants in South Carolina.

What size grants does Lb Foundation award?

In 2024, Lb Foundation awarded 19 grants totaling $2.5M — an average of about $134K per grant, based on its IRS Form 990 filings.

How much is Lb Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lb Foundation reported a distributable amount of $3.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.