Lone Pine Foundation
Lone Pine Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $105K in total assets. In 2024, it awarded 7 grants totaling $26K. Net investment income was $6K.
Key facts about Lone Pine Foundation
In short: Lone Pine Foundation gave $26K across 7 grants in 2024 (avg $4K), top state Michigan. Source: 2024 IRS Form 990-PF.
- EIN
- 38-3562808
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $26,000
- Grants made (2024)
- 7
- Average grant
- $3,714
- Median grant
- $5,000
- Total assets
- $105,294
- Primary geography
- Michigan (29% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$105K
-17.2% YoY
Annual Giving
$26K
+18.2% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$4K
+18.2% YoY
Under IRS private-foundation payout rules, Lone Pine Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
How Lone Pine Foundation gives
- Giving grew 136% from 2021 to 2024. Method
- In 2024 it paid out 420% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6K (2020) to $26K (2024). In 2024 it made 7 grants totaling $26K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Chicago Lions Rugby ($5K). Together the top 7 received $26K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Lions Rugby Chicago, IL | General Operating Support | $5,000 |
| Duke University Durham, NC | General Operating Support | $5,000 |
| Michigan Rugby Foundation Ann Arbor, MI | General Operating Support | $5,000 |
| University of Mississippi Foundation Oxford, MS | General Operating Support | $5,000 |
| Detroit Rugby Foundation Warren, MI | General Operating Support | $2,500 |
| The Museum of Fine Arts Houston, TX | General Operating Support | $2,500 |
| YMCA Storer Camps Sylvania, OH | General Operating Support | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $105,294 | $127,211 | $547,821 |
| Revenue | $8,203 | $-398,610 | $5,943 |
| Expenses | $30,120 | $22,000 | $25,737 |
| Qualifying Distributions | $28,090 | $22,000 | $20,002 |
| Net Investment Income | $6,173 | $3,589 | — |
| Distributable Amount | $6,692 | $25,134 | $27,625 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Lone Pine Foundation is led by Jacque H. Passino Jr., President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jacque H. Passino Jr.
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Jacque G. Passino
Director
On filings since 2020
No compensation reported
Paul C. Passino
Secretary
On filings since 2020
No compensation reported
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 Lone Pine Foundation
How much does Lone Pine Foundation give each year?
Lone Pine Foundation gave $26K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $22K across 7 grants.
What is Lone Pine Foundation's typical grant size?
Lone Pine Foundation's median grant in 2024 was $5,000, and its average grant was $3,714, across 7 grants on its 2024 IRS Form 990-PF.
Where does Lone Pine Foundation give grants?
Lone Pine Foundation's top state is Michigan, with 29% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Illinois (19%) and North Carolina (19%).
Does Lone Pine Foundation give general operating support?
Yes: 100% of Lone Pine Foundation's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Lone Pine Foundation's largest grantees?
Lone Pine Foundation's largest 2024 grantees include Chicago Lions Rugby ($5,000), Duke University ($5,000) and Michigan Rugby Foundation ($5,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is Lone Pine Foundation?
Lone Pine Foundation reported $105K in total assets on its 2024 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What is Lone Pine Foundation's EIN?
Lone Pine Foundation's EIN (Employer Identification Number) is 38-3562808. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Lone Pine Foundation by hand.
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