LMC Foundation
LMC Foundation is a private foundation focused on Human Services, based in Groesbeck, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.8M in total assets. In 2025, it awarded 2 grants totaling $110K. Net investment income was $202K.
LMC Foundation at a glance
In short: LMC Foundation gave $110K across 2 grants in 2025 (avg $55K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $109,500
- +6.7% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $54,750
- +6.7% vs 2024
- Median grant
- $54,750
- Total assets
- $1,818,381
- +5.6% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who LMC Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Limestone Medical Center ($110K across 2 grants).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How LMC Foundation gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $82K (2023) to $110K (2025). In 2025 it made 2 grants totaling $110K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Limestone Medical Center Groesbeck, TX | Purchase Equipment for Medical Center | $106,000 |
| Limestone Medical Center Groesbeck, TX | Cash Contribution for Employee Banquet | $3,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,818,381 | $209,931 | $113,456 | $109,500 | 2 | $109,500 | $202,480 | $106,056 |
| 2024 | $1,721,906 | $167,658 | $120,803 | $102,666 | 2 | $102,666 | $130,795 | $98,219 |
| 2023 | $1,675,051 | $115,874 | $89,454 | $81,561 | 2 | $81,561 | $101,564 | $87,766 |
| 2022 | $1,648,631 | $127,742 | $100,123 | $96,000 | 2 | $96,000 | $114,624 | $92,706 |
| 2021 | $1,621,012 | $84,536 | $86,274 | $82,495 | 2 | — | $71,879 | $91,202 |
| 2020 | $1,622,750 | $80,388 | $92,550 | $86,723 | 2 | — | $63,886 | $79,539 |
Under IRS private-foundation payout rules, LMC Foundation reported a distributable amount of $106K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
LMC Foundation is led by Sharon Fredriksson, President on every filing since 2020; none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Sharon Fredriksson
President
On filings since 2020
2 hrs/week
No compensation reported
Nathaniel Bedford
Director
On filings since 2020
1 hr/week
No compensation reported
Clifton Fox
Director
On filings since 2021
1 hr/week
No compensation reported
Lea Hardison
Director
On filings since 2024
1 hr/week
No compensation reported
Melissa Arney
Director
On filings since 2024
1 hr/week
No compensation reported
Jason Milstead
Director
New on the 2025 filing
1 hr/week
No compensation reported
Donald Altland
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Karon Golden
Secretary
On filings since 2020
1 hr/week
No compensation reported
Mary Rand
Vice President
Director → Vice President, 2024
On filings since 2021
1 hr/week
No compensation reported
Former officers (6)
- Former: Susie Altland (2020–2024) — Director
- Former: Martha Stone (2020–2023) — Director
- Former: Brandy Agnew (2021–2023) — Director
- Former: Debbie Williams (2020) — Director
- Former: Mike Luke (2020) — Director
- Former: Sue Waller (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "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 LMC Foundation
How much does LMC Foundation give each year?
LMC Foundation gave $110K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $103K across 2 grants.
How large is LMC Foundation?
LMC Foundation reported $1.8M in total assets on its 2025 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $106K (roughly 5% of its investment assets).
What is LMC Foundation?
LMC Foundation is a private foundation focused on Human Services, based in Groesbeck, TX. It holds $1.8M in total assets as of 2025.
Where does LMC Foundation operate?
LMC Foundation has awarded grants in Texas.
What is LMC Foundation's EIN?
LMC Foundation's EIN (Employer Identification Number) is 20-5067883. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 31, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 2, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work LMC Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in LMC Foundation's focus areas in our free grants database
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Figures come from LMC Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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