Lippy Foundation

Foundation · Grantmaker Warren, OH EIN: 23-7003982

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.

Key facts about Lippy Foundation

EIN: 23-7003982
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $9,467
Grants made (2024): 9
Average grant: $1,052
Median grant: $500
Total assets: $264,859
Primary geography: Florida (89% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Lippy Foundation funds

By grant dollars, the top recipient states for Lippy Foundation's 9 itemized 2024 grants were Florida (89%), New York (6%) and Massachusetts (5%). The most frequent recipient cities were Boca Raton, FL (3 grants) and New York, NY (2 grants). 33% of grants with a stated purpose were for general or operating support. Recurring purposes include "Community Service" (4 grants).

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.

Next steps with Lippy Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$265K

+0.9% YoY

Annual Giving

$9K

-82.7% YoY

Grant Count

-43.8% YoY

Avg Grant Size

$1K

-69.3% YoY

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.

About Lippy Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $8K (89%)

New York $540 (6%)

Massachusetts $500 (5%)

Share of all 9 itemized 2024 grant dollars.

States

Alabama California District of Columbia Florida Massachusetts New York Ohio Oregon Tennessee Texas

Cities

Boca RatonNew YorkDeerfield BeachNew AlbanyPortlandWashingtonArch CapeBostonBoynton BeachColumbusOaklandYoungstownCambridgeChautauquaDelray BeachHoustonMemphisMontgomeryPalm BeachSeaside

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$264,859	$262,570	$313,458
Revenue	$21,204	$14,116	$13,478
Expenses	$19,374	$65,004	$14,790
Qualifying Distributions	$9,601	$55,083	$10,726
Net Investment Income	$11,406	$3,195	$9,693
Distributable Amount	$14,246	$14,688	$15,537

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 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 9 recipients in 2024

Grant Size Distribution

72 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Israel Tennis & Education Centers ($4,737), Jewish Federation of South ($1,724), Vets Helping Heroes ($1,000).

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

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
Sandra Lippy	Trustee	—	—
Stephen R Lippy	Trustee	—	—

Frequently Asked Questions

How large is Lippy Foundation?

As of 2024, Lippy Foundation holds $265K in total assets with $21K in annual revenue. It awarded 9 grants totaling $9K in 2024.

Where does Lippy Foundation operate?

Lippy Foundation has awarded grants in Alabama, California, District of Columbia, Florida, Massachusetts, New York, Ohio, Oregon, Tennessee, Texas.

What size grants does Lippy Foundation award?

In 2024, Lippy Foundation awarded 9 grants totaling $9K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Lippy Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lippy Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.