The Loupassi Foundation is a private grantmaking foundation based in Richmond, Virginia. Established in 1999, it operates as a 501(c)(3) organization with a focus on generating investment income to support charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+3.7% YoY
Annual Giving
$648K
-0.7% YoY
Grant Count
27
+22.7% YoY
Avg Grant Size
$24K
-19.1% YoY
Under IRS private-foundation payout rules, Loupassi Foundation reported a distributable amount of $485K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds charities, medical charities, and education. Its core funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation primarily funds organizations in Virginia, Tennessee, and Pennsylvania.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,828,937
- Total Revenues: $825,095
- Total Expenses: $660,683
- Total Giving: $647,525
Revenue Sources:
- Grants and contributions: $500,000
- Investment income and dividends: $224,565
Historical Assets (2023):
- Total Assets: $4,660,000
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,828,937 | $4,656,482 | $4,557,022 |
| Revenue | $825,095 | $775,713 | $818,680 |
| Expenses | $660,683 | $668,289 | $420,958 |
| Qualifying Distributions | $647,672 | $652,817 | $414,437 |
| Net Investment Income | $318,109 | $319,266 | $313,784 |
| Distributable Amount | $484,621 | $404,879 | $410,667 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
141 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Christopher's School Found ($425,000), Va Museum of History Culture ($50,000), Valentine Richmond History Center ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OTHER CHARITIES RICHMOND, VA | CHARITY & EDUCATION | $200 |
| CHILDREN'S HOSPITAL FOUND RICHMOND, VA | CHARITY | $1,000 |
| CARITAS RICHMOND, VA | CHARITY | $5,000 |
| FRIENDS OF HOLLYWOOD CEMETERY RICHMOND, VA | CHARITY | $5,000 |
| MAYMONT FOUNDATION RICHMOND, VA | CHARITY | $1,000 |
| NORTHSTAR ACADEMY HENRICO, VA | CHARITY | $5,000 |
| RICHMOND HILL RICHMOND, VA | CHARITY | $1,000 |
| SCIENCE MUSEUM OF VA FOUND RICHMOND, VA | CHARITY | $10,000 |
| ST CHRISTOPHER'S SCHOOL FOUND RICHMOND, VA | CHARITY | $425,000 |
| STS CONSTANTINE HELEN GREEK CHURCH RICHMOND, VA | CHARITY | $22,325 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL LOUPASSI | Foundation Mgr. | 6 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Loupassi Foundation fund?
The foundation primarily funds charities, medical charities, and education. Its core funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Loupassi Foundation?
**Grant Activity:** • Made 29 grants in 2024 • Typical award range: $200–$425,000 • Recent grants include awards to Friends of Hollywood Cemetery ($5,000), The Links Foundation Incorporated ($5,000), and The Healing Place / Homeward ($5,000) **Geographic Scope:** The foundation primarily funds organizations in Virginia, Tennessee, and Pennsylvania.
What size grants does Loupassi Foundation award?
In 2024, Loupassi Foundation awarded 27 grants totaling $648K — an average of about $24K per grant, based on its IRS Form 990 filings.
How much is Loupassi Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Loupassi Foundation reported a distributable amount of $485K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Loupassi Foundation's EIN?
Loupassi Foundation's EIN (Employer Identification Number) is 54-1947904. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Loupassi Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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