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.
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
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
The foundation indicates "Preselected Only" on its tax filings, meaning it does not accept unsolicited grant applications. The foundation operates with limited staffing based on reported board members and key employees.
Grant Range
$103 to $1,945,802
How to Apply
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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
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 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
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
From 2024 IRS filing
No officer/director data available.
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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