Locust Family Foundation
Locust Family Foundation is a private foundation, based in Great Falls, VA. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 8 grants totaling $416K.
Locust Family Foundation at a glance
In short: Locust Family Foundation gave $416K across 8 grants in 2025 (avg $52K), top state New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $416,059
- +1106.0% vs 2024
- Grants made (2025)
- 8
- +166.7% vs 2024
- Average grant
- $52,007
- +352.2% vs 2024
- Median grant
- $47,548
- Total assets
- $1,300,952
- Primary geography
- New York (12% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Locust Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 8 grants of 11 (73%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $35K (2024) to $416K (2025). In 2025 it made 8 grants totaling $416K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 8 grants to individuals Recipients not named | — | $416,059 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions |
|---|---|---|---|---|---|---|
| 2025 | $1,300,952 | $1,115,652 | $421,059 | $416,059 | 8 | — |
| 2024 | — | $640,859 | $34,500 | $34,500 | 3 | $34,500 |
Leadership & Key People
Officers and directors from IRS filings
Locust Family Foundation is led by Ashwin Goyal, Director President on every filing since 2024; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ashwin Goyal
Director President
On filings since 2024
No compensation reported
Ashok Goyal Director
Director
On filings since 2024
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "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 Locust Family Foundation
How much does Locust Family Foundation give each year?
Locust Family Foundation gave $416K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 3 grants.
What is Locust Family Foundation's typical grant size?
Locust Family Foundation's median grant in 2025 was $47,548, and its average grant was $52,007, across 8 grants on its 2025 IRS Form 990-PF.
Where does Locust Family Foundation give grants?
Locust Family Foundation's top state is New York, with 12% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Virginia (11%) and Maryland (8%).
Does Locust Family Foundation give general operating support?
Yes: 38% of Locust Family Foundation's 2025 grants with a stated purpose (3 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Locust Family Foundation?
Locust Family Foundation reported $1.3M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $1.1M.
What is Locust Family Foundation's EIN?
Locust Family Foundation's EIN (Employer Identification Number) is 33-1857570. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS October 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 5, 2026)
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Locust Family Foundation down — hundreds of funders to go?