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
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
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
Among its reported 2024 grants, the largest 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 |
| American Red Cross Charlotte, NC | Operational Support | $1,500 |
| Angel Flight NE North Andover, MA | Operational Support | $5,000 |
| ANIMAL RESCUE LEAGUE OF BOSTON Dedham, MA | Operational Support | $2,500 |
| ANVIL OF HOPE SAN DIEGO, CA | Operational Support | $1,500 |
| ASSUMPTION HIGH SCHOOL LOUISVILLE, KY | Operational Support | $515 |
| Big Brothers Big Sisters of Eastern Massachusetts BOSTON, MA | Operational Support | $2,500 |
| BISHOP FEEHAN ATTLEBORO, MA | Operational Support | $257 |
| BNAI SHALOM DAY SCHOOL GREENSBORO, NC | Operational Support | $515 |
| Charities Aid Foundation America Alexandria, VA | Operational Support | $335,549 |
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
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?
**Grant Activity:** • Made 55 grants in the most recent fiscal year (2024) • Median grant amount: $515 • Grant range: $103 to $1,945,802 • Total giving: $2,332,606 (2022 data); $3,001,915 in total expenses (2023) **Recent Grantees (2023):** • Charities Aid Foundation of America: $675,375 • Local Initiatives Support Corporation: $445,500 • Girls Who Invest (GWI): $350,000 **Application Process:** The foundation indicates "Preselected Only" on its tax filings, meaning it does not accept unsolicit…
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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