Lightbridge Foundation Inc
Lightbridge Foundation Inc is a private foundation based in Iselin, New Jersey. The foundation describes itself as a 501(c)(3) nonprofit supporting children, parents, staff, franchise owners, and the communities it serves through scholarships, direct family grants, charitable donations, and volunteering.
Lightbridge Foundation Inc at a glance
In short: Lightbridge Foundation Inc gave $144K across 90 grants in 2024 (avg $2K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $144,315
- -20.4% vs 2023
- Grants made (2024)
- 90
- -3.2% vs 2023
- Average grant
- $1,604
- -17.8% vs 2023
- Median grant
- $2,000
- Total assets
- $246,012
- +35.2% vs 2023
- Primary geography
- New Jersey (52% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Lightbridge Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Its filing says Allyson Armellino, the secretary, receives applications and distributes them to board members for review. Board members have three days to approve or deny an application. The filing does not specify application materials.
- Review Cycle
- The filing states that there are no application deadline dates.
- Deadline
- The filing states that there are no application deadline dates.
- Contact
Application contact: Allyson Armellino
Mailing address: 116 Grand Street, Iselin, NJ 08830
Phone: (732) 980-1900
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lightbridge Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Operation Airdrop Inc ($5K). Together the top 10 received $26K.
Organizations only. It also paid 70 individual scholarships ($114,665), which are not listed by name.
Grant Size Distribution
362 grants across all recorded years
The most common grant size was under $50K: 362 grants of 362 (100%).
Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars went to recipients in New Jersey (52%), Pennsylvania (16%), Florida (9%), Texas (7%), and New York (6%).
Grant Distribution by State
Share of 2024 grant dollars across all 90 itemized grants.
States
Cities
How Lightbridge Foundation Inc gives
- Giving grew 125% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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 $49K (2020) to $181K (2023). In 2024 it made 90 grants totaling $144K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 45 individual scholarships Recipients not named | — | $98,165 |
| Operation Airdrop Inc Bedford, TX | Scholarship | $5,000 |
| East Tennessee Foundation Knoxville, TN | Scholarship | $5,000 |
| Hope Florida Foundation Inc Tallahassee, FL | Scholarship | $5,000 |
| Brain and Christine Peterson Freehold, NJ | Scholarship | $2,000 |
| Guardians for New Futures Port St Lucie, FL | Scholarship | $2,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $246,012 | $233,626 | $169,490 | $144,315 | 90 | $144,315 | $10,447 |
| 2023 | $181,955 | $208,353 | $217,054 | $181,402 | 93 | $181,402 | $9,120 |
| 2022 | $192,019 | $155,886 | $123,496 | $107,995 | 56 | $107,995 | $7,963 |
| 2021 | $158,037 | $116,152 | $78,645 | $64,035 | 54 | $64,035 | $6,378 |
| 2020 | $129,302 | $60,218 | $75,552 | $48,883 | 69 | — | $5,915 |
Under IRS private-foundation payout rules, Lightbridge Foundation Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation describes its work as supporting people in its “Circle of Care” and communities served by Lightbridge Academy. Its website identifies early childhood education scholarships, direct grants to families facing challenges, donations to local charities, and community volunteering as forms of support.
Among its 2024 grantees, The Hope Florida Foundation said its mission is to foster collaboration across public and private sectors, faith-based communities, and nonprofits. Operation Airdrop said it responds to crises by delivering essential supplies when ground transportation is compromised. East Tennessee Foundation described its work as holding charitable funds and making grants for a wide variety of charitable purposes. Guardians for New Futures said it supports unfunded needs of abused and neglected children and promotes community awareness and education to protect children.
Grantmaking
In 2024, the foundation reported 90 grants totaling $144,315. Grants ranged from $150 to $5,000, with a median of $2,000. The filing lists scholarship as the purpose for the largest grants, including $5,000 each to individual recipients in New York and New Jersey, Operation Airdrop, East Tennessee Foundation, and The Hope Florida Foundation. Guardians for New Futures received $2,000.
The filing says restrictions typically apply to employee medical needs and to people who are not associated with the foundation’s community or Circle of Care. Scholarships are for high school students pursuing teaching, specifically early childhood education.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Audrey Feci as director; Suzanne Segerra as treasurer; and Bonnie Landron, Dina Polito, Jessica Cervone, Ketul Parikh, Libby Bajgerova, Gigi Schweikert, Jane Yaeger, and John Jacobson as trustees. The filing’s application statement identifies Allyson Armellino as secretary.
Lightbridge Foundation Inc's 2024 filing lists 13 officers; 2 of 13 officers listed in 2024 are compensated.
Officers on the 2024 filing
Audrey Feci
Director
On filings since 2020
1 hr/week
$12K (2023) → $12K (2024)
Gigi Schweikert
Trustee
On filings since 2020
1 hr/week
No compensation reported
Jessica Cervone
Trustee
On filings since 2020
1 hr/week
No compensation reported
Ketul Parikh
Trustee
On filings since 2020
1 hr/week
No compensation reported
Libby Bajgerova
Trustee
On filings since 2020
1 hr/week
No compensation reported
John Jacobson
Trustee
On filings since 2021
1 hr/week
No compensation reported
Bonnie Landron
Trustee
On filings since 2023
1 hr/week
No compensation reported
Dana Mazur
Trustee
On filings since 2023
1 hr/week
No compensation reported
Dina Polito
Trustee
On filings since 2023
1 hr/week
No compensation reported
Jane Yaeger
Trustee
On filings since 2023
1 hr/week
No compensation reported
Suzanne Segerra
Treasurer
Secretary → Treasurer, 2022
On filings since 2020
1 hr/week
$6K (2023) → $6K (2024)
Allyson Armellino
Secretary
On filings since 2022
1 hr/week
No compensation reported
Stephanie Hickman
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: Alok Rai (2020–2022) — Trustee
- Former: Guy Falzarano (2020–2022) — Trustee
- Former: Tracy Grose (2020–2022) — Trustee
- Former: Nicolas Decotiis (2021–2022) — Trustee
- Former: Carrie Jaffe (2020) — Director
- Former: Erich Becker (2020) — Trustee
- Former: Sue Romano (2020) — Trustee
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $12K, to Audrey Feci (Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Lightbridge Foundation Inc
How much does Lightbridge Foundation Inc give each year?
Lightbridge Foundation Inc gave $144K across 90 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $181K across 93 grants.
What is Lightbridge Foundation Inc's typical grant size?
Lightbridge Foundation Inc's median grant in 2024 was $2,000, and its average grant was $1,604, across 90 grants on its 2024 IRS Form 990-PF.
Where does Lightbridge Foundation Inc give grants?
Lightbridge Foundation Inc gives mostly in New Jersey: 52% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Pennsylvania (16%) and Florida (9%). The most frequent recipient cities were Katy, TX (2 grants).
Does Lightbridge Foundation Inc give general operating support?
Not in 2024: none of the 90 grants with a stated purpose on Lightbridge Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (78 grants) and "Ground Breaking" (8 grants).
Who are Lightbridge Foundation Inc's largest grantees?
Lightbridge Foundation Inc's largest 2024 grantees include Operation Airdrop Inc ($5,000), East Tennessee Foundation ($5,000) and Hope Florida Foundation Inc ($5,000), according to its 2024 IRS Form 990-PF. It also paid 70 individual scholarships ($114,665), which are not listed by name. Together they received 10% of its itemized 2024 grant dollars.
How large is Lightbridge Foundation Inc?
Lightbridge Foundation Inc reported $246K in total assets on its 2024 IRS Form 990-PF. It paid out $144K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What does Lightbridge Foundation Inc fund?
The foundation describes its work as supporting people in its “Circle of Care” and communities served by Lightbridge Academy. See mission & focus areas ↑
How do I apply for a grant from Lightbridge Foundation Inc?
The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Lightbridge Foundation Inc's EIN?
Lightbridge Foundation Inc's EIN (Employer Identification Number) is 30-0002119. IRS Form 990 filing data is available on this page for 2020–2024.
Does Lightbridge Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Lightbridge Foundation Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/lightbridge-foundation-inc-morg_7e2c1e0209554dbd92a5f1ba92a4a8b7
BibTeX
@misc{grantable_300002119_2026,
author = {{Grantable}},
title = {{Lightbridge Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lightbridge-foundation-inc-morg_7e2c1e0209554dbd92a5f1ba92a4a8b7},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Lightbridge Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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