Lormar Foundation

ASHLAND, VA EIN: 86-0840693

Lormar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHLAND, VA. IRS filing data is available from 2020 through 2021. In 2021, it awarded 4 grants totaling $1.0M. Net investment income was $224K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.0M

+1348.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$260K

+1348.9% YoY

Under IRS private-foundation payout rules, Lormar Foundation reported a distributable amount of $45K for 2021 — the minimum it must pay out in qualifying distributions.

About Lormar Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $500K (45%)

California $267K (24%)

Pennsylvania $265K (24%)

Arizona $60K (5%)

Virginia $20K (2%)

States

Arizona California Iowa Pennsylvania Virginia

Cities

BooneCharlottesvilleHumboltLadenburgRimrockSan Leandro

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021	2020
Total Assets	—	$820,828
Revenue	$245,626	$81,583
Expenses	$1,066,454	$90,341
Qualifying Distributions	$1,043,115	—
Net Investment Income	$224,186	$64,416
Distributable Amount	$45,359	$44,398

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2021

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include Uva Health Foundation ($500,000), Reins of Life ($250,000), George Mark Childrens House ($250,000).

Recipient	Purpose	Amount
UVA HEALTH FOUNDATION BOONE, IA	TO SUPPORT DIABETES RESEARCH	$500,000
REINS OF LIFE LADENBURG, PA	TO PROVIDE THERAPEUTIC HORSEBACK RIDING TO CHILDREN WITH SPECIAL NEEDS	$250,000
ARIZONA COWPUNCHER'S CRISIS FUND INC HUMBOLT, AZ	TO PROVIDE FUNDS AND TO MAKE THOSE FUNDS AVAILABLE TO COWPUNCHERS AND THEIR FAMILIES IN THEIR TIME OF NEED.	$40,000
GEORGE MARK CHILDRENS HOUSE SAN LEANDRO, CA	TO SUPPORT THE HIGHEST QUALITY OF CARE AND TO MINIMIZE SUFFERING BY ADDRESSING PHYSICAL, EMOTIONAL AND PSYCHOSOCIAL NEEDS	$250,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
LAUREN I SISSON	TRUSTEE	1	—
MARGARET E INGHAM	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lormar Foundation?

Lormar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHLAND, VA. It holds — in total assets as of 2021.

Where does Lormar Foundation operate?

Lormar Foundation has awarded grants in Arizona, California, Iowa, Pennsylvania, Virginia.

What size grants does Lormar Foundation award?

In 2021, Lormar Foundation awarded 4 grants totaling $1.0M — an average of about $260K per grant, based on its IRS Form 990 filings.

How much is Lormar Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Lormar Foundation reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.