Lba Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in APEX, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $169K in total assets. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$169K
+12.8% YoY
Revenue
$21K
+81.8% YoY
Net Investment Income
$21K
+81.8% YoY
Expenses
$2K
+455.1% YoY
Under IRS private-foundation payout rules, Lba Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About Lba Foundation
Based on IRS filings
Lba Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in APEX, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $169K in total assets. Net investment income was $21K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $168,579 | $149,421 | $138,269 |
| Revenue | $21,464 | $11,809 | $25,807 |
| Expenses | $2,215 | $399 | $360 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $21,464 | $11,809 | $25,807 |
| Distributable Amount | $7,204 | $6,773 | $5,727 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM D BUNCE II | PRESIDENT; D | 1 | — |
| GAIL E BUNCE | VP, SECRETAR | 1 | — |
| ELIZABETH BUNCE | EX-OFFICIO D | — | — |
| WILLIAM BUNCE III | EX-OFFICIO D | — | — |
| ALLISON BUNCE | EX-OFFICIO D | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lba Foundation?
Lba Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in APEX, NC. It holds $169K in total assets as of 2024.
How large is Lba Foundation?
As of 2024, Lba Foundation holds $169K in total assets with $21K in annual revenue.
Where does Lba Foundation operate?
Lba Foundation has awarded grants in North Carolina.
How much is Lba Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lba Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lba Foundation's EIN?
Lba Foundation's EIN (Employer Identification Number) is 47-4438804. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lba 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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