Light a Candle Foundation
Light a Candle Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 2 grants totaling $405K. Net investment income was $3.1M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
+241.8% YoY
Annual Giving
$405K
Grant Count
2
Avg Grant Size
$202K
Under IRS private-foundation payout rules, Light a Candle Foundation reported a distributable amount of $182K for 2024 — the minimum it must pay out in qualifying distributions.
About Light a Candle Foundation
Based on IRS filings
Light a Candle Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 2 grants totaling $405K. Net investment income was $3.1M.
Focus Areas
Ready to take the next step with Light a Candle Foundation?
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 | $6,047,340 | $1,769,479 | $1,392,665 |
| Revenue | $3,136,567 | $229,752 | $117,736 |
| Expenses | $413,706 | $96,784 | $74,881 |
| Qualifying Distributions | $406,628 | — | — |
| Net Investment Income | $3,134,489 | $132,968 | $4,028 |
| Distributable Amount | $181,897 | $161,442 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nc State University ($354,646), Central Texas Quality of Life ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTRAL TEXAS QUALITY OF LIFE AUSTIN, TX | TO BOOST ECONOMIC DIVERSIFICATION, AND DEEPEN THE TALENT POOL THROUGH DEVELOPMENT | $50,000 |
| NC STATE UNIVERSITY RALEIGH, NC | TO EXPAND THE RESOURCES OF THE KHAYRALLAH CENTER ARCHIVE | $354,646 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JIMMY NASSOUR | PRESIDENT | 1 | — |
| ERNEST KARAM | SECRETARY | 1 | — |
| SAMMY NASSOUR | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Light a Candle Foundation?
Light a Candle Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $6.0M in total assets as of 2024.
How large is Light a Candle Foundation?
As of 2024, Light a Candle Foundation holds $6.0M in total assets with $3.1M in annual revenue. It awarded 2 grants totaling $405K in 2024.
Where does Light a Candle Foundation operate?
Light a Candle Foundation has awarded grants in North Carolina, Texas.
What size grants does Light a Candle Foundation award?
In 2024, Light a Candle Foundation awarded 2 grants totaling $405K — an average of about $202K per grant, based on its IRS Form 990 filings.
How much is Light a Candle Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Light a Candle Foundation reported a distributable amount of $182K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Light a Candle Foundation's EIN?
Light a Candle Foundation's EIN (Employer Identification Number) is 26-3946647. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Light a Candle 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.