Legatus Foundation is a private foundation established in 2000 and based in Winston Salem, North Carolina. The foundation maintains assets of $12,176,521 as of 2024 and operates as a 501(c)(3) organization with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
+2.0% YoY
Annual Giving
$716K
+2.8% YoY
Grant Count
52
+13.0% YoY
Avg Grant Size
$14K
-9.1% YoY
Under IRS private-foundation payout rules, Legatus Foundation reported a distributable amount of $819K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
Legatus Foundation distributes grants across multiple sectors including education, philanthropy, voluntarism, and human services. Recent grants include:
Ready to take the next step with Legatus Foundation?
Geographic Focus
Where this funder awards grants
Legatus Foundation's grantmaking focuses primarily on Florida, North Carolina, and Wyoming.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $12,176,521
- Total Revenues: $589,915
- Total Expenses: $780,917
- Total Giving: $716,023
- Investment Income and Dividends: $529,049
- Net Gain from Sale of Non-Inventory Assets: $60,866
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,176,521 | $11,939,572 | $11,844,329 |
| Revenue | $589,915 | $401,929 | $259,806 |
| Expenses | $780,917 | $763,530 | $873,993 |
| Qualifying Distributions | $724,647 | $710,811 | $809,854 |
| Net Investment Income | $541,381 | $354,106 | $383,486 |
| Distributable Amount | $819,282 | $717,365 | $739,266 |
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
240 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Everglades Foundation ($177,256), Canterbury School ($75,016), Nature Conservancy(the) ($48,398).
| Recipient | Purpose | Amount |
|---|---|---|
| 1000 FRIENDS OF FLORIDA TALLAHASSE, FL | GENERAL SUPPORT | $3,000 |
| ALLEGHANY MEMORIAL HOSPITAL FOUNDATION SPARTA, NC | GENERAL SUPPORT | $1,000 |
| ANDREW K DWYER FOUNDATION HOBE SOUND, FL | GENERAL SUPPORT | $2,000 |
| ATRIM HEALTH WAKE FOREST WINSTONSALEM, NC | SUPPORT FOR THE EYE CENTER | $2,500 |
| BANNER LAKE CLUB INC HOBE SOUND, FL | GENERAL SUPPORT | $5,000 |
| BIG DOG RANCH RESCUE LOXAHATCHIE GROVES, FL | GENERAL SUPPORT | $200 |
| BOYS AND GIRLS CLUB OF MARTIN COUNTY HOBE SOUND, FL | GENERAL SUPPORT | $5,000 |
| BRIGHTFOCUS FOUNDATION CLARKSBURG, MD | MACULAR DEGENERATION RESEARCH | $3,000 |
| BROOKGREEN GARDENS PAWLEYS ISLAND, SC | NEXT GENERATION CAMPAIGN | $1,000 |
| CANTERBURY SCHOOL GREENSBORO, NC | SEATING FOR SPORTS FIELD | $75,016 |
Leadership & Key People
Leadership team and compensation from IRS filings
The trustees of Legatus Foundation are Ranlet S. Bell and Frank M. Bell.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RANLET S BELL | DIRECTOR & PRESIDENT | 5 | — |
| FRANK M BELL JR | SECRETARY & TREASURER | 2 | — |
Contact Information
Address: 2920 Club Park Rd, Winston Salem, NC 27104-3010
Telephone: 336-409-6488
EIN: 31-1737683
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Legatus Foundation?
Legatus Foundation distributes grants across multiple sectors including education, philanthropy, voluntarism, and human services. Recent grants include: • The Everglades Foundation: $177,256 (General Support and Endowment) • Canterbury School: $75,016 (Seating for Sports Field) • Hobe Sound Community Chest: $35,400 (General Support and Strategic Reserve) The foundation made 36 grants totaling $716,023 in 2024. Typical award amounts range from $100 to $325,642.
Where does Legatus Foundation make grants?
Legatus Foundation's grantmaking focuses primarily on Florida, North Carolina, and Wyoming.
What size grants does Legatus Foundation award?
In 2024, Legatus Foundation awarded 52 grants totaling $716K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Legatus Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Legatus Foundation reported a distributable amount of $819K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Legatus Foundation's EIN?
Legatus Foundation's EIN (Employer Identification Number) is 31-1737683. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Legatus Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Flow Foundation Inc
WINSTONSALEM, NC
Assets
$395K
Grants
53
Total Given
$1.5M
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Legatus Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Legatus Foundation to a real strategy.