Lovell Charitable Foundation

Foundation · Grantmaker Detroit, MI EIN: 04-3555494

Lovell Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Detroit, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 8 grants totaling $133K. Net investment income was $105K.

Key facts about Lovell Charitable Foundation

EIN: 04-3555494
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $132,800
Grants made (2024): 8
Average grant: $16,600
Median grant: $19,400
Total assets: $2,173,123
Primary geography: Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Lovell Charitable Foundation funds

By grant dollars, the top recipient states for Lovell Charitable Foundation's 8 itemized 2024 grants were Massachusetts (100%). The most frequent recipient cities were Falmouth, MA (6 grants). None of its 8 grants with a stated purpose were described as general or operating support. Recurring purposes include "Support of Daily Operations" (8 grants).

How Lovell Charitable Foundation gives

Giving held roughly steady from 2021 to 2024 (−8%). Method
In 2024 it paid out 102% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Lovell Charitable Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.2M

-1.4% YoY

Annual Giving

$133K

+6.2% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$17K

-46.9% YoY

Under IRS private-foundation payout rules, Lovell Charitable Foundation reported a distributable amount of $134K for 2024 — the minimum it must pay out in qualifying distributions.

About Lovell Charitable 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

Massachusetts $133K (100%)

Share of all 8 itemized 2024 grant dollars.

States

Massachusetts

Cities

FalmouthWest FalmouthHyannis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,173,123	$2,203,353	$2,311,516
Revenue	$187,677	$126,073	$87,643
Expenses	$219,969	$222,793	$208,840
Qualifying Distributions	$137,459	$131,102	$152,163
Net Investment Income	$104,557	$33,747	$30,689
Distributable Amount	$134,133	$133,263	$127,408

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Cape Cod Theatre Project ($25,000), Falmouth Artists Guild ($25,000), Falmouth Academy Inc ($20,000).

Recipient	Purpose	Amount
CAPE COD THEATRE PROJECT Falmouth, MA	SUPPORT OF DAILY OPERATIONS	$25,000
FALMOUTH ARTISTS GUILD Falmouth, MA	SUPPORT OF DAILY OPERATIONS	$25,000
FALMOUTH ACADEMY INC Falmouth, MA	SUPPORT OF DAILY OPERATIONS	$20,000
FALMOUTH HISTORICAL SOCIETY Falmouth, MA	SUPPORT OF DAILY OPERATIONS	$20,000
SALT POND AREAS BIRD SANCTUARIES West Falmouth, MA	SUPPORT OF DAILY OPERATIONS	$18,800
FALMOUTH EDUCATION FOUNDATION INC Falmouth, MA	SUPPORT OF DAILY OPERATIONS	$15,000
CAPE COD YMCA INC Hyannis, MA	SUPPORT OF DAILY OPERATIONS	$5,000
FRIENDS OF FALMOUTH DOGS Falmouth, MA	SUPPORT OF DAILY OPERATIONS	$4,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Barrie Murray	Co Trustee	1	$29,001

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lovell Charitable Foundation?

Lovell Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Detroit, MI. It holds $2.2M in total assets as of 2024.

How large is Lovell Charitable Foundation?

As of 2024, Lovell Charitable Foundation holds $2.2M in total assets with $188K in annual revenue. It awarded 8 grants totaling $133K in 2024.

Where does Lovell Charitable Foundation operate?

Lovell Charitable Foundation has awarded grants in Massachusetts.

What size grants does Lovell Charitable Foundation award?

In 2024, Lovell Charitable Foundation awarded 8 grants totaling $133K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Lovell Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lovell Charitable Foundation reported a distributable amount of $134K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.