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
7
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
What is Lucas Wegmann Foundation's EIN?
Lucas Wegmann Foundation's EIN (Employer Identification Number) is 47-4768533. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lucas Wegmann Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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