LPL Financial Foundation Inc
LPL Financial Foundation Inc is a corporate foundation established in Massachusetts and headquartered in Boston, MA. The foundation is tax-exempt since November 2011 and operates as a 501(c)(3) organization with EIN 27-4171978. It functions as a company-sponsored foundation supporting educational, career, and financial literacy initiatives.
Key facts about LPL Financial Foundation Inc
- EIN
- 27-4171978
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,332,606
- Grants made (2024)
- 55
- Average grant
- $42,411
- Median grant
- $515
- New grantees (estimate)
- 33% first-time grantees (18 of 55, 2024)
- Total assets
- $7,786,256
- Primary geography
- Delaware (83% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation indicates "Preselected Only" on its tax filings, meaning it does not accept unsolicited grant applications. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who LPL Financial Foundation Inc funds
By grant dollars, the top recipient states for LPL Financial Foundation Inc's 55 itemized 2024 grants were Delaware (83%) and 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). 100% of grants with a stated purpose were for general or operating support.
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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with LPL Financial Foundation Inc
- How to evaluate LPL Financial Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.8M
+5.1% YoY
Annual Giving
$2.3M
-9.4% YoY
Grant Count
55
-70.6% YoY
Avg Grant Size
$42K
+208.1% YoY
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.
Mission & Focus Areas
The foundation supports organizations and creates partnerships that enhance access to educational, career, and financial literacy resources, fostering economic empowerment for at-risk individuals and families in areas of company operations.
Primary funding focus areas include:
- Education
- Science and STEM education
- Philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
Grant Range
$103 to $1,945,802
How to Apply
**
Ready to take the next step with LPL Financial Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Massachusetts, North Carolina, and California, with emphasis on areas of company operations.
Grant Distribution by State
Share of all 55 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $7,786,256 (2024)
- Total assets: $7,406,176 (2023)
- Total revenues: $3,559,025 (2023)
- Total expenses: $3,001,915 (2023)
- Total giving: $2,332,606 (2022)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,786,256 | $7,406,176 | $6,823,572 |
| Revenue | $3,337,214 | $3,559,025 | $3,219,302 |
| Expenses | $3,128,181 | $3,001,915 | $2,880,951 |
| Qualifying Distributions | $2,343,106 | $2,576,419 | $2,558,435 |
| Net Investment Income | $137,593 | $82,047 | $28,104 |
| Distributable Amount | $307,249 | $338,377 | $371,689 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 10 recipients in 2024
Grant Size Distribution
3,488 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include American Online Giving Foundation ($1,945,802), Charities Aid Foundation America ($335,549), Angel Flight NE ($5,000).
| 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Key Personnel:
- Vance Kirksey, Board Chair
- Melissa Buchanan, President
- Brent Simonich, Treasurer
- Tom Zgliniec, Treasurer
- Taylor Denson, Clerk
- Leslie Dunham, Director
- Julian Lopez, Director
- Anne Howard, Director
- Marc Potash, Director
- Sara Dadyar, Member Designee
All listed personnel work approximately 1 hour per week with no reported compensation.
Compensation Overview
No officer or director reported compensation in the available filings.
From 2022 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Tim Carter | President | 1 | — |
| Corinne Muller | Clerk | 1 | — |
| Brent Simonich | Treasurer | 1 | — |
| Tom Zgliniec | Treasurer | 1 | — |
| Leslie Dunham | Director | 1 | — |
| Abbas Hassan | Director | 1 | — |
| Sallie Larsen | Director | 1 | — |
| Sheree Lovering | Director | 1 | — |
| Ryan McClain | Director | 1 | — |
| Matt Morningstar | Director | 1 | — |
| Lety Nettles | Director | 1 | — |
| Judy Ricketts | Director | 1 | — |
| Kimberly Sweet | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
In November 2024, the LPL Financial Foundation announced awards exceeding $1 million to support enhancing diversity in wealth management. This initiative reflects the foundation's commitment to expanding access and opportunity within the financial services industry.
LPL Awards Over $1M to Diversity in Wealth ManagementSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does LPL Financial Foundation Inc fund?
The foundation supports organizations and creates partnerships that enhance access to educational, career, and financial literacy resources, fostering economic empowerment for at-risk individuals and families in areas of company operations. Primary funding focus areas include: • Education • Science and STEM education • Philanthropy, voluntarism, and grantmaking • Human services
How do I apply for a grant from LPL Financial Foundation Inc?
The foundation indicates "Preselected Only" on its tax filings, meaning it does not accept unsolicited grant applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does LPL Financial Foundation Inc make grants?
The foundation primarily funds organizations in Massachusetts, North Carolina, and California, with emphasis on areas of company operations.
What size grants does LPL Financial Foundation Inc award?
In 2024, LPL Financial Foundation Inc awarded 55 grants totaling $2.3M — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is LPL Financial Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, LPL Financial Foundation Inc reported a distributable amount of $307K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.