Lippy Foundation
Lippy Foundation is a private foundation, based in Warren, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $265K in total assets. In 2024, it awarded 9 grants totaling $9K. Net investment income was $11K.
Lippy Foundation at a glance
In short: Lippy Foundation gave $9K across 9 grants in 2024 (avg $1K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $9,467
- -82.7% vs 2023
- Grants made (2024)
- 9
- -43.8% vs 2023
- Average grant
- $1,052
- -69.3% vs 2023
- Median grant
- $500
- Total assets
- $264,859
- +0.9% vs 2023
- Primary geography
- Florida (89% 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 Lippy Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Israel Tennis & Education Centers ($5K). Together the top 9 received $9K.
Grant Size Distribution
72 grants across all recorded years
The most common grant size was under $50K: 72 grants of 72 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Lippy Foundation gives
- Giving fell 74% from 2021 to 2024. Method
- In 2024 it paid out 67% 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 $9K (2024) to $55K (2023). In 2024 it made 9 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Israel Tennis & Education Centers Deerfield Beach, FL | Community Service | $4,737 |
| Jewish Federation of South Boca Raton, FL | Community Service | $1,724 |
| Vets Helping Heroes Boca Raton, FL | Community Service | $1,000 |
| Katz Family Foundation Inc Palm Beach, FL | General Operations | $643 |
| Actblue Charities Inc Boston, MA | General Operations | $500 |
| The Florence Melton School of New York, NY | Education | $360 |
| B'nai Torah Congregation Boca Raton, FL | Religious | $291 |
| Planned Parenthood Federation New York, NY | General Operations | $180 |
| South Florida PBS Boynton Beach, FL | Community Service | $32 |
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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 | $264,859 | $21,204 | $19,374 | $9,467 | 9 | $9,601 | $11,406 | $14,246 |
| 2023 | $262,570 | $14,116 | $65,004 | $54,828 | 16 | $55,083 | $3,195 | $14,688 |
| 2022 | $313,458 | $13,478 | $14,790 | $10,176 | 4 | $10,726 | $9,693 | $15,537 |
| 2021 | $314,770 | $39,171 | $46,506 | $36,349 | 22 | $37,559 | $24,440 | $16,608 |
| 2020 | $322,105 | $28,465 | $55,325 | $42,523 | 21 | — | $13,492 | $15,826 |
Under IRS private-foundation payout rules, Lippy Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lippy Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sandra Lippy
Trustee
On filings since 2020
No compensation reported
Stephen R. Lippy
Trustee
On filings since 2020
No compensation reported
Former officers (1)
- Former: William H. Lippy (2020–2022) — 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.
Frequently asked questions about Lippy Foundation
How much does Lippy Foundation give each year?
Lippy Foundation gave $9K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $55K across 16 grants.
What is Lippy Foundation's typical grant size?
Lippy Foundation's median grant in 2024 was $500, and its average grant was $1,052, across 9 grants on its 2024 IRS Form 990-PF.
Where does Lippy Foundation give grants?
Lippy Foundation gives mostly in Florida: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (6%) and Massachusetts (5%). The most frequent recipient cities were Boca Raton, FL (3 grants) and New York, NY (2 grants).
Does Lippy Foundation give general operating support?
Yes: 33% of Lippy Foundation's 2024 grants with a stated purpose (3 of 9) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Community Service" (4 grants).
Who are Lippy Foundation's largest grantees?
Lippy Foundation's largest 2024 grantees include Israel Tennis & Education Centers ($4,737), Jewish Federation of South ($1,724) and Vets Helping Heroes ($1,000), according to its 2024 IRS Form 990-PF. Together they received 79% of its itemized 2024 grant dollars.
How large is Lippy Foundation?
Lippy Foundation reported $265K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $14K (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.
What is Lippy Foundation's EIN?
Lippy Foundation's EIN (Employer Identification Number) is 23-7003982. 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
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