LCPV Foundation Inc. is a corporate foundation based in Monroe, New York, established in 2020. The foundation is affiliated with Life Pro Fitness Inc., headquartered in Toms River, New Jersey. As a 501(c)(3) organization, LCPV Foundation operates as a private grantmaking foundation with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+36.8% YoY
Annual Giving
$1.4M
+7.1% YoY
Grant Count
91
+106.8% YoY
Avg Grant Size
$15K
-48.2% YoY
Under IRS private-foundation payout rules, Lcpv Foundation Inc reported a distributable amount of $81K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds support for various initiatives across three main areas:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Grant Range
$6–$431,017
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Geographic Focus
Where this funder awards grants
The foundation primarily funds initiatives in:
- New York
- New Jersey
- California
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount | Year |
|---|---|---|
| Total Assets | $2,061,627 | 2024 |
| Total Revenues | $2,005,579 | 2024 |
| Total Expenses | $1,449,739 | 2024 |
| Total Giving | $1,387,816 | Most Recent |
| Total Grants, Contributions | $2,000,000 | 2024 |
The foundation's total grants and contributions increased 3.6% from 2023 ($1,930,000) to 2024 ($2,000,000).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,061,627 | $1,506,505 | $1,035,353 |
| Revenue | $2,005,579 | $1,935,448 | $574,341 |
| Expenses | $1,449,739 | $1,466,473 | $781,047 |
| Qualifying Distributions | $1,397,975 | $1,466,473 | $780,602 |
| Net Investment Income | — | — | — |
| Distributable Amount | $81,423 | $57,668 | — |
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
194 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cong Bais Naftali ($259,990), Cong Beth Jacob Chesed ($50,000), Cong Chonen Vnosen ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADIREI HATORAH LAKEWOOD, NJ | SUPPORT | $5,200 |
| BACK ON TRACK FUNDING INC TOMS RIVER, NJ | SUPPORT | $4,360 |
| BAIS BRUCHA LAKEWOOD, NJ | SUPPORT | $27,545 |
| BAIS HACHINUCH SPRING VALLEY, NY | SUPPORT | $4,000 |
| BARUCH HASHEM FOUNDATION BROOKLYN, NY | SUPPORT | $5,000 |
| BAYIS LEPLEITOS BROOKLYN, NY | SUPPORT | $18,000 |
| BEIN ISH UBEIN UCHIV BROOKLYN, NY | SUPPORT | $1,500 |
| BNOS SARAH LAKEWOOD, NJ | SUPPORT | $12,847 |
| CHABAD OF HALLANDALE FL HALLANDALE, FL | SUPPORT | $4,000 |
| CHABAD OF SURFSIDE SURFSIDE, FL | SUPPORT | $1,800 |
Leadership & Key People
Leadership team and compensation from IRS filings
Abraham Brach serves as Trustee of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHANI LIPSCHITZ | TRUSTEE | — | — |
| JOEL GOTTEHRER | TRUSTEE | — | — |
| ABRAHAM BRACH | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Lcpv Foundation Inc fund?
The foundation primarily funds support for various initiatives across three main areas: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Lcpv Foundation Inc?
**Grant Activity:** • Total giving: $1,387,816 (most recent filing) • Typical grant range: $6–$431,017 • Number of grants awarded: 178 grants in the most recent year • Recent grantees include Hisachdus Avreichem Satmar Lakewood ($33,200), Refuah Helpline Inc/Refuah Resources ($29,883), and Bais Brucha ($27,545) **Financial Capacity:** • Total revenues: $2,005,579 (2024) • Total expenses: $1,449,739 (2024)
Where does Lcpv Foundation Inc make grants?
The foundation primarily funds initiatives in: • New York • New Jersey • California
What size grants does Lcpv Foundation Inc award?
In 2024, Lcpv Foundation Inc awarded 91 grants totaling $1.4M — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Lcpv Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lcpv Foundation Inc reported a distributable amount of $81K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lcpv Foundation Inc's EIN?
Lcpv Foundation Inc's EIN (Employer Identification Number) is 85-1672894. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Lcpv Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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