Lucas Wegmann Foundation

NEWCASTLE, ME EIN: 47-4768533

Lucas Wegmann Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWCASTLE, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $386K in total assets. In 2024, it awarded 7 grants totaling $178K. Net investment income was $41K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$386K

-84.2% YoY

Annual Giving

$178K

-24.5% YoY

Grant Count

+75.0% YoY

Avg Grant Size

$25K

-56.8% YoY

Under IRS private-foundation payout rules, Lucas Wegmann Foundation reported a distributable amount of $189K for 2024 — the minimum it must pay out in qualifying distributions.

About Lucas Wegmann 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

Michigan $600K (66%)

Florida $63K (7%)

Rhode Island $51K (6%)

Illinois $50K (5%)

Maine $50K (5%)

Wisconsin $50K (5%)

Georgia $25K (3%)

Massachusetts $25K (3%)

States

Florida Georgia Illinois Massachusetts Maine Michigan Rhode Island Wisconsin

Cities

AppletonBeltonBostonBrunswickChicagoEdgecombFalmouthHillsdaleOdessaWellingtonWesterly

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$385,610	$2,445,466	$2,550,521
Revenue	$48,322	$11,742	$270,159
Expenses	$186,110	$277,716	$238,361
Qualifying Distributions	$178,000	$237,325	$203,175
Net Investment Income	$40,620	$46,445	$48,220
Distributable Amount	$188,760	$199,813	$218,656

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include American Opinion Foundation ($50,000), College Baptist Church ($50,000), Trail Life ($50,000).

Recipient	Purpose	Amount
AMERICAN OPINION FOUNDATION APPLETON, WI	GENERAL SUPPORT	$50,000
CHORUS OF WESTERLY WELLINGTON, FL	GENERAL SUPPORT	$10,000
CHORUS OF WESTERLY WELLINGTON, FL	GENERAL SUPPORT	$3,000
COLLEGE BAPTIST CHURCH ODESSA, FL	GENERAL SUPPORT	$50,000
MIDCOAST HUMANE EDGECOMB, ME	GENERAL SUPPORT	$5,000
ST MARY SCHOLARSHIP FALMOUTH, ME	PROGRAM SUPPORT	$10,000
TRAIL LIFE CHICAGO, IL	PROGRAM SUPPORT	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
C LUCAS WEGMANN	TRUSTEE	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Lucas Wegmann Foundation?

Lucas Wegmann Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWCASTLE, ME. It holds $386K in total assets as of 2024.

How large is Lucas Wegmann Foundation?

As of 2024, Lucas Wegmann Foundation holds $386K in total assets with $48K in annual revenue. It awarded 7 grants totaling $178K in 2024.

Where does Lucas Wegmann Foundation operate?

Lucas Wegmann Foundation has awarded grants in Florida, Georgia, Illinois, Massachusetts, Maine, Michigan, Rhode Island, Wisconsin.

What size grants does Lucas Wegmann Foundation award?

In 2024, Lucas Wegmann Foundation awarded 7 grants totaling $178K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is Lucas Wegmann Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucas Wegmann Foundation reported a distributable amount of $189K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.