Legacy Investment for a Virtuous
Legacy Investment for a Virtuous is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.1M in total assets. In 2024, it awarded 1 grant totaling $50K. Net investment income was $178K.
Legacy Investment for a Virtuous at a glance
In short: Legacy Investment for a Virtuous gave $50K across 1 grant in 2024 (avg $50K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $50,000
- Grants made (2024)
- 1
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $7,095,372
- -0.6% vs 2023
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Legacy Investment for a Virtuous funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Fond Du Lac Area Foundation ($50K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Legacy Investment for a Virtuous gives
- In 2024 it paid out 44% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2020) to $50K (2024). In 2024 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fond Du Lac Area Foundation Fond Du Lac, WI | Support the Livs Fund | $50,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,095,372 | $180,011 | $219,910 | $50,000 | 1 | $213,444 | $178,439 | $483,177 |
| 2023 | $7,135,271 | $179,555 | $135,051 | — | — | $132,016 | $181,659 | $416,014 |
| 2022 | $7,087,075 | $465,267 | $60,938 | — | — | $57,877 | $121,340 | $404,957 |
| 2021 | $6,682,746 | $2,317,467 | $8,165 | — | — | $6,796 | $77,711 | $340,290 |
| 2020 | $4,373,444 | $1,152,468 | $16,887 | $10,000 | 1 | — | $52,078 | $182,890 |
Under IRS private-foundation payout rules, Legacy Investment for a Virtuous reported a distributable amount of $483K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Legacy Investment for a Virtuous is led by Richard R. Pieper Jr., President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard R. Pieper Jr.
President
On filings since 2020
1 hr/week
No compensation reported
Richard Pieper Sr.
Director
On filings since 2021
1 hr/week
No compensation reported
Alexandra Pieper
Vice President
Director → Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Ann Pieper Eisenbrown
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Bridget Sullivan
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Legacy Investment for a Virtuous
How much does Legacy Investment for a Virtuous give each year?
Legacy Investment for a Virtuous gave $50K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is Legacy Investment for a Virtuous?
Legacy Investment for a Virtuous reported $7.1M in total assets on its 2024 IRS Form 990-PF. It paid out $213K in qualifying distributions that year, against a required minimum of $483K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Legacy Investment for a Virtuous operate?
Legacy Investment for a Virtuous has awarded grants in Georgia, Wisconsin.
What is Legacy Investment for a Virtuous's EIN?
Legacy Investment for a Virtuous's EIN (Employer Identification Number) is 83-0658111. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Wisconsin
Wisconsin Open opportunities, soonest deadline first.
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
- Keep Smyrna Beautiful School Grants (2026-2027) Up to $2,500 · Due November 1, 2026
- Dunlap Williamson Fund (Community Foundation of Central Georgia) Due November 1, 2026
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