Lily Charitable Foundation Inc

COCKEYSVILLE, MD EIN: 81-4763953

Lily Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COCKEYSVILLE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $495K in total assets. In 2024, it awarded 1 grants totaling $62K. Net investment income was $63K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$495K

+0.1% YoY

Annual Giving

$62K

+1.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$62K

+1.7% YoY

Under IRS private-foundation payout rules, Lily Charitable Foundation Inc reported a distributable amount of $67K for 2024 — the minimum it must pay out in qualifying distributions.

About Lily Charitable Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $284K (100%)

States

Maryland

Cities

Finksburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$495,057	$494,428	$476,572
Revenue	$68,925	$85,891	$476,357
Expenses	$68,296	$68,035	$81,255
Qualifying Distributions	$62,000	$60,958	$78,000
Net Investment Income	$62,955	$80,319	$48,951
Distributable Amount	$66,686	$61,867	$60,971

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Gerstell Academy ($62,000).

Recipient	Purpose	Amount
GERSTELL ACADEMY FINKSBURG, MD	UNRESTRICTED	$62,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ERIC G SMITH	PRESIDENT	1	—
FREDERICK G SMITH	VICE PRESIDENT	1	—
VENICE PATERAKIS SMITH	SECRETARY/TREASURER	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lily Charitable Foundation Inc?

Lily Charitable Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in COCKEYSVILLE, MD. It holds $495K in total assets as of 2024.

How large is Lily Charitable Foundation Inc?

As of 2024, Lily Charitable Foundation Inc holds $495K in total assets with $69K in annual revenue. It awarded 1 grants totaling $62K in 2024.

Where does Lily Charitable Foundation Inc operate?

Lily Charitable Foundation Inc has awarded grants in Maryland.

What size grants does Lily Charitable Foundation Inc award?

In 2024, Lily Charitable Foundation Inc awarded 1 grants totaling $62K — an average of about $62K per grant, based on its IRS Form 990 filings.

How much is Lily Charitable Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lily Charitable Foundation Inc reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lily Charitable Foundation Inc's EIN?

Lily Charitable Foundation Inc's EIN (Employer Identification Number) is 81-4763953. IRS Form 990 filing data is available on this page for 2020–2024.