Lily Charitable Foundation Inc
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 grant totaling $62K. Net investment income was $63K.
Key facts about Lily Charitable Foundation Inc
- EIN
- 81-4763953
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $62,000
- Grants made (2024)
- 1
- Average grant
- $62,000
- Median grant
- $62,000
- Total assets
- $495,057
- Primary geography
- Maryland (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Lily Charitable Foundation Inc gives
- Giving grew 44% from 2021 to 2024. Method
- In 2024 it paid out 93% 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.
Next steps with Lily Charitable Foundation Inc
- How to evaluate Lily Charitable Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$495K
+0.1% YoY
Annual Giving
$62K
+1.7% YoY
Grant Count
1
+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
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 grant totaling $62K. Net investment income was $63K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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
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 grant 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 grant 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.