LPL Financial Foundation Inc
LPL Financial Foundation Inc is a private foundation based in Boston, Massachusetts. In 2024, it reported 55 grants totaling $2,332,606, with listed grants designated for operational support.
LPL Financial Foundation Inc at a glance
In short: LPL Financial Foundation Inc gave $2.3M across 55 grants in 2024 (avg $42K), mostly in Delaware. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,332,606
- -9.4% vs 2023
- Grants made (2024)
- 55
- -70.6% vs 2023
- Average grant
- $42,411
- +208.1% vs 2023
- Median grant
- $515
- Total assets
- $7,786,256
- +5.1% vs 2023
- New grantees (estimate)
- 33% first-time grantees (18 of 55, 2024)
- Primary geography
- Delaware (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to LPL Financial Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 201 Washington Street Suite 300, Boston, MA 02108
Phone: (704) 733-3824
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who LPL Financial Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was American Online Giving Foundation ($1.9M). Together the top 10 received $2.3M.
Grant Size Distribution
3,488 grants across all recorded years
The most common grant size was under $50K: 3,450 grants of 3,488 (99%).
Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars by recipient state went to Delaware (83%) and Virginia (14%). Massachusetts received 1%, and other states each received less than 1%.
Grant Distribution by State
Share of 2024 grant dollars across all 55 itemized grants.
States
Cities
Is LPL Financial Foundation Inc open to new grantees?
33%
first-time grantees, 2024
In 2024, 18 of 55 grantees (33%) were first-time recipients. First grants averaged $109K; repeat grants $10K. How we count
Medians: $515 first-time, $515 repeat.
- 51% of 2024 grantees were also funded in 2023. Method
- Giving grew 37% from 2021 to 2024. Method
- In 2024 it paid out 763% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $1.4M (2020) to $2.6M (2023). In 2024 it made 55 grants totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Online Giving Foundation Newark, DE | Operational Support | $1,945,802 |
| Charities Aid Foundation America Alexandria, VA | Operational Support | $335,549 |
| Angel Flight NE North Andover, MA | Operational Support | $5,000 |
| For Kids Sake Foundation Incorporated Attleboro, MA | Operational Support | $5,000 |
| Classroom Central Inc Charlotte, NC | Operational Support | $3,500 |
| Project Helping Centennial, CO | Operational Support | $2,642 |
| Animal Rescue League of Boston Dedham, MA | Operational Support | $2,500 |
| Big Brothers Big Sisters of Eastern Massachusetts Boston, MA | Operational Support | $2,500 |
| New England Center and Home for Veterans Boston, MA | Operational Support | $1,800 |
| Creative Minds NYC Inc New York, NY | Operational Support | $1,650 |
Ready to take the next step with LPL Financial Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,786,256 | $3,337,214 | $3,128,181 | $2,332,606 | 55 | $2,343,106 | $137,593 | $307,249 |
| 2023 | $7,406,176 | $3,559,025 | $3,001,915 | $2,574,421 | 187 | $2,576,419 | $82,047 | $338,377 |
| 2022 | $6,823,572 | $3,219,302 | $2,880,951 | $2,558,435 | 373 | $2,558,435 | $28,104 | $371,689 |
| 2021 | $6,483,984 | $1,809,077 | $2,010,990 | $1,706,340 | 1,606 | $1,706,340 | $767 | $328,800 |
| 2020 | $6,680,438 | $3,814,839 | $1,642,724 | $1,394,790 | 1,267 | — | $1,796 | $454,541 |
Under IRS private-foundation payout rules, LPL Financial Foundation Inc reported a distributable amount of $307K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s own mission is not stated in the available information. Its 2024 grants included organizations working in several areas. For example, CAF America says its mission is to connect donors with charities and drive more impactful philanthropy. Classroom Central says it fosters equity in education by providing teachers and students with free resources. For Kids’ Sake Foundation says it supports children and families affected by life-threatening illness or injury, as well as children’s charities and related causes. Project Helping says it creates accessible volunteer experiences to improve volunteers’ mental wellness.
Grantmaking
In 2024, the foundation made 55 grants totaling $2,332,606. Grant amounts ranged from $103 to $1,945,802, with a median of $515. The largest grants were $1,945,802 to American Online Giving Foundation and $335,549 to Charities Aid Foundation America, both for operational support. Other listed grants included $5,000 to Angel Flight NE and $5,000 to FOR KIDS SAKE FOUNDATION INCORPORATED, also for operational support.
Leadership & Key People
Officers and directors from IRS filings
LPL Financial Foundation Inc is led by Melissa Buchanan, President on the 2024 filing; none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Melissa Buchanan
President
New on the 2024 filing
1 hr/week
No compensation reported
Vance Kirksey
Board Chair
New on the 2024 filing
1 hr/week
No compensation reported
Leslie Dunham
Director
On filings since 2022
1 hr/week
No compensation reported
Anne Howard
Director
On filings since 2023
1 hr/week
No compensation reported
Julian Lopez
Director
New on the 2024 filing
1 hr/week
No compensation reported
Marc Potash
Director
New on the 2024 filing
1 hr/week
No compensation reported
Brent Simonich
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Tom Zgliniec
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Taylor Denson
Clerk
Assistant Clerk → Clerk, 2024
On filings since 2023
1 hr/week
No compensation reported
Sara Dadyar
Member Designee
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (24)
- Former: Sallie Larsen (2020–2023) — Member Designee
- Former: Tim Carter (2020–2023) — President
- Former: Kimberly Sweet (2021–2023) — Director
- Former: Judy Ricketts (2022–2023) — Director
- Former: Ane Perez (2023) — Director
- Former: Cheryl Trinidad (2023) — Director
- Former: Matthew Morningstar (2023) — Clerk
- Former: Risa Fitzgerald (2023) — Director
- Former: Thomas Zgliniec (2023) — Treasurer
- Former: Sheree Lovering (2020–2022) — Director
- Former: Abbas Hassan (2021–2022) — Director
- Former: Corinne Muller (2021–2022) — Clerk
- Former: Lety Nettles (2021–2022) — Director
- Former: Ryan McClain (2021–2022) — Director
- Former: Matt Morningstar (2022) — Director
- Former: Cleshelle Pearson (2020–2021) — Director
- Former: James Jenson (2020–2021) — Director
- Former: Maisha Mahone (2020–2021) — Director
- Former: Michelle Maxey (2020–2021) — Director
- Former: Scott Seese (2020–2021) — Treasurer
- Former: Corinne Hawkins (2020) — Clerk
- Former: Deanna Moss (2020) — Director
- Former: Francisco Campos (2020) — Director
- Former: Nancy Valencia (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 LPL Financial Foundation Inc
How much does LPL Financial Foundation Inc give each year?
LPL Financial Foundation Inc gave $2.3M across 55 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.6M across 187 grants.
What is LPL Financial Foundation Inc's typical grant size?
LPL Financial Foundation Inc's median grant in 2024 was $515, and its average grant was $42,411, across 55 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from LPL Financial Foundation Inc that year got $109K on average.
Where does LPL Financial Foundation Inc give grants?
LPL Financial Foundation Inc gives mostly in Delaware: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (14%). The most frequent recipient cities were Charlotte, NC (7 grants), Boston, MA (5 grants), Attleboro, MA (2 grants) and San Diego, CA (2 grants).
Does LPL Financial Foundation Inc give general operating support?
Yes: 100% of LPL Financial Foundation Inc's 2024 grants with a stated purpose (55 of 55) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are LPL Financial Foundation Inc's largest grantees?
LPL Financial Foundation Inc's largest 2024 grantees include American Online Giving Foundation ($1,945,802), Charities Aid Foundation America ($335,549) and Angel Flight NE ($5,000), according to its 2024 IRS Form 990-PF. Together they received 98% of its itemized 2024 grant dollars.
How large is LPL Financial Foundation Inc?
LPL Financial Foundation Inc reported $7.8M in total assets on its 2024 IRS Form 990-PF. It paid out $2.3M in qualifying distributions that year, against a required minimum of $307K (roughly 5% of its investment assets).
What does LPL Financial Foundation Inc fund?
The foundation’s own mission is not stated in the available information. Its 2024 grants included organizations working in several areas. For example, CAF America says its mission is to connect donors with charities and drive more impactful philanthropy. See mission & focus areas ↑
How do I apply for a grant from LPL Financial Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is LPL Financial Foundation Inc's EIN?
LPL Financial Foundation Inc's EIN (Employer Identification Number) is 27-4171978. IRS Form 990 filing data is available on this page for 2020–2024.
Does LPL Financial Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work LPL Financial Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in LPL Financial Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). LPL Financial Foundation Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/lpl-financial-foundation-inc-morg_23a0a4328e7d4a5fa8508c307c169931
BibTeX
@misc{grantable_274171978_2026,
author = {{Grantable}},
title = {{LPL Financial Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lpl-financial-foundation-inc-morg_23a0a4328e7d4a5fa8508c307c169931},
note = {Accessed 2026-10-17. 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 LPL Financial Foundation Inc'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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