Lebanese Orphans Virtuous Education

CORNELIUS, NC EIN: 01-0941616

Lebanese Orphans Virtuous Education is a private foundation, based in CORNELIUS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $510K in total assets. In 2024, it awarded 14 grants totaling $73K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$510K

+11.1% YoY

Annual Giving

$73K

+13.4% YoY

Grant Count

14

+100.0% YoY

Avg Grant Size

$5K

-43.3% YoY

Under IRS private-foundation payout rules, Lebanese Orphans Virtuous Education reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.

About Lebanese Orphans Virtuous Education

Based on IRS filings

Lebanese Orphans Virtuous Education is a private foundation, based in CORNELIUS, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $510K in total assets. In 2024, it awarded 14 grants totaling $73K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

CharlotteClevelandNew YorkWaxhaw

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$34K$69K$103K$137K20202021202220232024
Metric202420232022
Total Assets$510,154$459,074$436,075
Revenue$124,644$86,946$123,312
Expenses$73,564$63,947$42,355
Qualifying Distributions$72,544$63,947$42,355
Net Investment Income
Distributable Amount$23,955$21,811$17,138

Giving Over Time

Total grant dollars and number of grants per year

$0$18K$36K$54K$73K4 grants20203 grants20216 grants20227 grants202314 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

LEBANESE AMERICAN UNIVER…$25KJAMAL ABI GHANEM$7KRANA BASSAM BAZ$6KGHADI DAOU$5KIMAD MAHMOUD$5KNANCY ZAYOUR$4KHADY BALLOUT$4KSALLY AMER$3KFAKHER AL BARADHI$3KJAD CHAZBEK$2K

Grant Size Distribution

34 grants across all recorded years

33<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lebanese American University ($25,000), Jamal Abi Ghanem ($7,020), Rana Bassam Baz ($5,520).

RecipientPurposeAmount
RANA BASSAM BAZ TUITION AND EDUCATIONAL FEES$5,520
FAKHER AL BARADHI WAXHAW, NCTUITION CPCC$3,155
IMAD MAHMOUD TUITION AND EDUCATIONAL FEES$5,115
NANCY ZAYOUR TUITION-LEBANESE AMERICAN UNIVERSITY$4,349
GHADI DAOU TUITION-LEBANESE AMERICAN UNIVERSITY$5,146
KARAM ALSAIGH EDUCATIONAL FEES$1,461
LEBANESE AMERICAN UNIVERSITY NEW YORK, NYENDOWMENT$25,000
MAJD ALAA MALAEB TUITION$2,200
JAD CHAZBEK TUITION$2,378
JAMAL ABI GHANEM TUITION$7,020

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
NABIL ABOU-NASSR-EDDINEDIRECTOR
DIANA ABOU-NASSR-EDDINEDIRECTOR

Frequently Asked Questions

How large is Lebanese Orphans Virtuous Education?

As of 2024, Lebanese Orphans Virtuous Education holds $510K in total assets with $125K in annual revenue. It awarded 14 grants totaling $73K in 2024.

Where does Lebanese Orphans Virtuous Education operate?

Lebanese Orphans Virtuous Education has awarded grants in North Carolina, New York, Ohio.

What size grants does Lebanese Orphans Virtuous Education award?

In 2024, Lebanese Orphans Virtuous Education awarded 14 grants totaling $73K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Lebanese Orphans Virtuous Education required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lebanese Orphans Virtuous Education reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lebanese Orphans Virtuous Education's EIN?

Lebanese Orphans Virtuous Education's EIN (Employer Identification Number) is 01-0941616. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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