Loupassi Foundation
The Loupassi Foundation is a private foundation based in Richmond, Virginia. Its 2025 filing reports 22 grants totaling $627,650, with nearly all grant dollars going to recipients in Virginia.
Loupassi Foundation at a glance
In short: Loupassi Foundation gave $628K across 22 grants in 2025 (avg $29K), mostly in Virginia. 5% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $627,650
- -3.1% vs 2024
- Grants made (2025)
- 22
- -18.5% vs 2024
- Average grant
- $28,530
- +19.0% vs 2024
- Median grant
- $5,000
- Total assets
- $5,034,169
- +4.3% vs 2024
- New grantees (estimate)
- 5% first-time grantees (1 of 22, 2025; small sample)
- Primary geography
- Virginia (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Loupassi Foundation
- How to Apply
-
The foundation does not restrict giving to preselected organizations. Submit a written request to Carolyn Loupassi. The filing lists no restrictions on awards.
- Contact
Application contact: Carolyn Loupassi
Mailing address: 2601 Park Avenue, Richmond, VA 23220
Phone: (804) 358-3191
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Loupassi Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Christopher's School Found ($425K). Together the top 10 received $597K.
Grant Size Distribution
134 grants across all recorded years
The most common grant size was under $50K: 124 grants of 134 (93%).
Geographic Focus
Where this funder awards grants
In 2025, 99% of grant dollars went to recipients in Virginia and 1% to recipients in Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
Cities
Is Loupassi Foundation open to new grantees?
5%
first-time grantees, 2025
In 2025, 1 of 22 grantees (5%) were first-time recipients. With only 22 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $5K; repeat grants $30K. How we count
Medians: $5K first-time, $5K repeat.
- 82% of 2025 grantees were also funded in 2024. Method
- Giving grew 52% from 2022 to 2025. Method
- In 2025 it paid out 120% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $363K (2020) to $652K (2023). In 2025 it made 22 grants totaling $628K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Christopher's School Found Richmond, VA | Charity | $425,000 |
| Va Museum of History Culture Richmond, VA | Charity | $50,000 |
| Valentine Richmond History Center Richmond, VA | Charity | $30,000 |
| STS Constantine Helen Greek Church Richmond, VA | Charity | $26,550 |
| Va Holocaust Museum Richmond, VA | Charity | $25,000 |
| Science Museum of Va Found Richmond, VA | Charity | $10,000 |
| Va Museum of Fine Arts Richmond, VA | Charity | $10,000 |
| Our Lady of Lourdes Endowment Fund Richmond, VA | Religious | $10,000 |
| Caritas Richmond, VA | Charity | $5,000 |
| Friends of Hollywood Cemetery Richmond, VA | Charity | $5,000 |
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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 | $5,034,169 | $845,480 | $638,507 | $627,650 | 22 | $627,650 | $238,232 | $521,736 |
| 2024 | $4,828,937 | $825,095 | $660,683 | $647,525 | 27 | $647,672 | $318,109 | $484,621 |
| 2023 | $4,656,482 | $775,713 | $668,289 | $652,105 | 22 | $652,817 | $319,266 | $404,879 |
| 2022 | $4,557,022 | $818,680 | $420,958 | $413,800 | 24 | $414,437 | $313,784 | $410,667 |
| 2021 | $4,162,642 | $359,432 | $390,533 | $385,765 | 39 | $386,352 | $157,118 | $388,794 |
| 2020 | $4,194,948 | $619,364 | $373,079 | $362,640 | 29 | — | $138,895 | $322,483 |
Under IRS private-foundation payout rules, Loupassi Foundation reported a distributable amount of $522K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its grants support organizations including schools, museums, a church, and community and social-service organizations. For example, Friends of Hollywood Cemetery describes its work as maintaining, renovating, and preserving historic sections of the cemetery. The Healing Place says it offers a no-cost, peer-driven residential recovery program for men, and CARITAS says it creates a safe space to heal and time to rebuild. These are the grantees’ descriptions of their own work.
Grantmaking
In 2025, the foundation made 22 grants totaling $627,650. Awards ranged from $100 to $425,000, with a median of $5,000. The largest listed grant was $425,000 to St. Christopher’s School Foundation. Other notable awards included $50,000 to the Virginia Museum of History & Culture, $30,000 to the Valentine Richmond History Center, $26,550 to Sts. Constantine and Helen Greek Church, and $25,000 to the Virginia Holocaust Museum. CARITAS, Friends of Hollywood Cemetery, and The Healing Place each received $5,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Carol Loupassi as Foundation Manager.
Loupassi Foundation's only listed officer is Carol Loupassi, Foundation Manager on every filing since 2024 (uncompensated).
Officers on the 2025 filing
Carol Loupassi
Foundation Manager
On filings since 2024
6 hrs/week
No compensation reported
Former officers (2)
- Former: Carolyn Hodges - Loupassi (2020–2023) — Foundation Manager
- Former: Manuel G. Loupassi (2020) — Foundation Manager
Data from IRS Form 990 filings, 2020–2025. "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 Loupassi Foundation
How much does Loupassi Foundation give each year?
Loupassi Foundation gave $628K across 22 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $648K across 27 grants.
What is Loupassi Foundation's typical grant size?
Loupassi Foundation's median grant in 2025 was $5,000, and its average grant was $28,530, across 22 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Loupassi Foundation that year got $5K on average.
Where does Loupassi Foundation give grants?
Loupassi Foundation gives mostly in Virginia: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, VA (20 grants).
Does Loupassi Foundation give general operating support?
Not in 2025: none of the 22 grants with a stated purpose on Loupassi Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charity" (17 grants) and "Education" (3 grants).
Who are Loupassi Foundation's largest grantees?
Loupassi Foundation's largest 2025 grantees include St Christopher's School Found ($425,000), Va Museum of History Culture ($50,000) and Valentine Richmond History Center ($30,000), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is Loupassi Foundation?
Loupassi Foundation reported $5.0M in total assets on its 2025 IRS Form 990-PF. It paid out $628K in qualifying distributions that year, against a required minimum of $522K (roughly 5% of its investment assets).
What does Loupassi Foundation fund?
No foundation mission statement is provided. Its grants support organizations including schools, museums, a church, and community and social-service organizations. See mission & focus areas ↑
How do I apply for a grant from Loupassi Foundation?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Loupassi Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Loupassi Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/loupassi-foundation-morg_d434cce8d1f54331a6da9e9b7f4dc7d0
BibTeX
@misc{grantable_541947904_2026,
author = {{Grantable}},
title = {{Loupassi Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/loupassi-foundation-morg_d434cce8d1f54331a6da9e9b7f4dc7d0},
note = {Accessed 2026-10-10. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Loupassi Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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