Lobster Cove Foundation
Lobster Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $528K in total assets. In 2024, it awarded 7 grants totaling $126K. Net investment income was $603K.
Key facts about Lobster Cove Foundation
- EIN
- 13-7371039
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $126,000
- Grants made (2024)
- 7
- Average grant
- $18,000
- Median grant
- $10,000
- Total assets
- $527,551
- Primary geography
- California (52% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lobster Cove Foundation funds
By grant dollars, the top recipient states for Lobster Cove Foundation's 7 itemized 2024 grants were California (52%) and Massachusetts (44%). The most frequent recipient cities were Gloucester, MA (2 grants). 100% of grants with a stated purpose were for general or operating support.
How Lobster Cove Foundation gives
- Giving grew 129% from 2021 to 2024. Method
- In 2024 it paid out 693% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Lobster Cove Foundation
- How to evaluate Lobster Cove Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$528K
+968.5% YoY
Annual Giving
$126K
+320.0% YoY
Grant Count
7
+600.0% YoY
Avg Grant Size
$18K
-40.0% YoY
Under IRS private-foundation payout rules, Lobster Cove Foundation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Lobster Cove Foundation
Based on IRS filings
Lobster Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $528K in total assets. In 2024, it awarded 7 grants totaling $126K. Net investment income was $603K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $527,551 | $49,371 | $52,251 |
| Revenue | $863,451 | $34,159 | $278,219 |
| Expenses | $127,684 | $36,918 | $76,475 |
| Qualifying Distributions | $126,000 | $30,000 | $70,000 |
| Net Investment Income | $603,258 | $28,857 | $73,092 |
| Distributable Amount | $18,178 | $20,781 | $11,305 |
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 7 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Cast ($50,000), Doctors Without Borders ($35,000), Sheldrick Wildlife Trust ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAST Los Angeles, CA | GENERAL SUPPORT | $50,000 |
| DOCTORS WITHOUT BORDERS Gloucester, MA | GENERAL SUPPORT | $35,000 |
| SHELDRICK WILDLIFE TRUST Laguna Hills, CA | GENERAL SUPPORT | $15,000 |
| ROCKPORT MUSIC Rockport, MA | GENERAL SUPPORT | $10,000 |
| CAPE ANN MUSEUM Gloucester, MA | GENERAL SUPPORT | $10,000 |
| WILD EARTH ALLIES Chevy Chase, MD | GENERAL SUPPORT | $5,000 |
| CURE INTERNATIONAL Grand Rapids, MI | GENERAL SUPPORT | $1,000 |
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 |
|---|---|---|---|
| Anne Meyer | Trustee | 0.5 | — |
| Sarah Willeman Doran | Trustee | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lobster Cove Foundation?
Lobster Cove Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. It holds $528K in total assets as of 2024.
How large is Lobster Cove Foundation?
As of 2024, Lobster Cove Foundation holds $528K in total assets with $863K in annual revenue. It awarded 7 grants totaling $126K in 2024.
Where does Lobster Cove Foundation operate?
Lobster Cove Foundation has awarded grants in California, Colorado, District of Columbia, Illinois, Kentucky, Massachusetts, Maryland, Michigan, Minnesota, New York.
What size grants does Lobster Cove Foundation award?
In 2024, Lobster Cove Foundation awarded 7 grants totaling $126K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Lobster Cove Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lobster Cove Foundation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lobster Cove Foundation's EIN?
Lobster Cove Foundation's EIN (Employer Identification Number) is 13-7371039. 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.