Lipper Family Charitable Foundation
Lipper Family Charitable Foundation is a private foundation, based in Summit, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $856K in total assets. In 2024, it awarded 2 grants totaling $25K. Net investment income was $31K.
Lipper Family Charitable Foundation at a glance
In short: Lipper Family Charitable Foundation gave $25K across 2 grants in 2024 (avg $13K), mostly in Rhode Island. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $25,000
- -85.7% vs 2023
- Grants made (2024)
- 2
- -94.7% vs 2023
- Average grant
- $12,500
- +171.8% vs 2023
- Median grant
- $12,500
- Total assets
- $856,269
- +0.8% vs 2023
- Primary geography
- Rhode Island (80% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lipper Family Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Vanguard Charitable Endowment Program ($20K). Together the top 2 received $25K.
Grant Size Distribution
137 grants across all recorded years
The most common grant size was under $50K: 133 grants of 137 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Lipper Family Charitable Foundation gives
- Giving fell 90% from 2021 to 2024. Method
- In 2024 it paid out 25% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $25K (2024) to $262K (2021). In 2024 it made 2 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanguard Charitable Endowment Program Warwick, RI | General Purpose | $20,000 |
| Overlook Foundation Summit, NJ | General Purpose | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $856,269 | $41,597 | $34,630 | $25,000 | 2 | $25,000 | $30,676 | $98,385 |
| 2023 | $849,302 | $26,670 | $176,350 | $174,758 | 38 | $174,758 | $27,505 | $90,062 |
| 2022 | $998,982 | $52,600 | $216,475 | $215,616 | 21 | $216,475 | $52,600 | $97,186 |
| 2021 | $1,162,857 | $30,191 | $267,369 | $261,653 | 47 | — | $30,191 | $105,726 |
| 2020 | $1,400,035 | $34,373 | $223,150 | $223,150 | 29 | — | $34,373 | $91,693 |
Under IRS private-foundation payout rules, Lipper Family Charitable Foundation reported a distributable amount of $98K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lipper Family Charitable Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
A. Michael Lipper
Trustee
On filings since 2020
No compensation reported
Ruth C. Lipper
Trustee
On filings since 2020
No compensation reported
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.
Frequently asked questions about Lipper Family Charitable Foundation
How much does Lipper Family Charitable Foundation give each year?
Lipper Family Charitable Foundation gave $25K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $175K across 38 grants.
How large is Lipper Family Charitable Foundation?
Lipper Family Charitable Foundation reported $856K in total assets on its 2024 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $98K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Lipper Family Charitable Foundation operate?
Lipper Family Charitable Foundation has awarded grants in California, District of Columbia, Florida, Illinois, Massachusetts, Maryland, Michigan, North Carolina, New Jersey, New York, Pennsylvania, Rhode Island, Tennessee, Virginia.
What is Lipper Family Charitable Foundation's EIN?
Lipper Family Charitable Foundation's EIN (Employer Identification Number) is 13-7152755. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Lipper Family Charitable Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Lipper Family Charitable Foundation's focus areas in our free grants database
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