Lorio Foundation
Lorio Foundation is a private foundation, based in Thibodaux, LA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $29.6M in total assets. In 2025, it awarded 1 grant totaling $1.4M. Net investment income was $2.4M.
Lorio Foundation at a glance
In short: Lorio Foundation gave $1.4M across 1 grant in 2025 (avg $1.4M), mostly in Louisiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,429,199
- +18.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $1,429,199
- +18.0% vs 2024
- Median grant
- $1,429,199
- Total assets
- $29,590,597
- +2.7% vs 2024
- Primary geography
- Louisiana (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 Lorio Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was See ($1.4M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Lorio Foundation gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 99% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $1.1M (2020) to $1.4M (2025). In 2025 it made 1 grant totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Thibodaux, LA | see attached | $1,429,199 |
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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 | $29,590,597 | $2,522,466 | $1,732,292 | $1,429,199 | 1 | $1,611,298 | $2,437,617 | $1,620,292 |
| 2024 | $28,801,103 | $2,360,141 | $1,542,785 | $1,211,000 | 1 | $1,383,950 | $2,211,625 | $1,564,469 |
| 2023 | $27,983,746 | $2,255,407 | $1,733,524 | $1,328,000 | 1 | $1,534,439 | $2,114,483 | $1,480,801 |
| 2022 | $27,461,860 | $3,900,830 | $1,643,111 | $1,267,750 | 1 | $1,438,203 | $3,766,843 | $1,464,083 |
| 2021 | $25,204,139 | $3,769,163 | $1,649,888 | $1,328,312 | 1 | $1,482,970 | $3,649,231 | $1,531,621 |
| 2020 | $23,084,312 | $2,718,603 | $1,455,080 | $1,122,430 | 1 | — | $2,595,572 | $1,337,184 |
| 2019 | $21,821,235 | $2,342,425 | $1,429,158 | $1,171,979 | 1 | — | $1,843,671 | $1,349,469 |
Under IRS private-foundation payout rules, Lorio Foundation reported a distributable amount of $1.6M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lorio Foundation is led by Camille A Morvant III, Executive Director on every filing since 2019; 1 of 4 officers listed in 2025 is compensated.
Officers on the 2025 filing
Camille A Morvant III
Executive Director
On filings since 2019
30 hrs/week
$52K (2019) → $68K (2025)
Christopher Terracina
President
On filings since 2019
5 hrs/week
No compensation reported
Ann Boudreaux
Secretary & Treasurer
CPA & Board Member → Board Member, 2024
Board Member → Secretary & Treasurer, 2025
On filings since 2019
10 hrs/week
$38K (2019) → $0 (2025)
Dana Morvant
Board Member
New on the 2025 filing
10 hrs/week
No compensation reported
Former officers (1)
- Former: Rita Dickie (2019–2024) — Vice President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $68K, to Camille A Morvant III (Exec Dir).
Frequently asked questions about Lorio Foundation
How much does Lorio Foundation give each year?
Lorio Foundation gave $1.4M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 1 grant.
How large is Lorio Foundation?
Lorio Foundation reported $29.6M in total assets on its 2025 IRS Form 990-PF. It paid out $1.6M in qualifying distributions that year, against a required minimum of $1.6M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Lorio Foundation operate?
Lorio Foundation has awarded grants in Louisiana.
What is Lorio Foundation's EIN?
Lorio Foundation's EIN (Employer Identification Number) is 72-1318244. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 16, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 19, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 5, 2026)
- IRS filings on file for fiscal years 2019–2025
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Lorio Foundation down — hundreds of funders to go?