Lucy Foundation
Lucy Foundation is a private foundation focused on Education, based in MADISON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 21 grants totaling $70K. Net investment income was $58K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-1.0% YoY
Annual Giving
$70K
+11.2% YoY
Grant Count
21
+0.0% YoY
Avg Grant Size
$3K
+11.2% YoY
Under IRS private-foundation payout rules, Lucy Foundation reported a distributable amount of $73K for 2024 — the minimum it must pay out in qualifying distributions.
About Lucy Foundation
Based on IRS filings
Lucy Foundation is a private foundation focused on Education, based in MADISON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 21 grants totaling $70K. Net investment income was $58K.
Ready to take the next step with Lucy Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,058,779 | $1,069,835 | $930,972 |
| Revenue | $69,152 | $214,216 | $36,421 |
| Expenses | $80,208 | $72,153 | $78,876 |
| Qualifying Distributions | $69,500 | $62,500 | $66,882 |
| Net Investment Income | $58,444 | $204,563 | $24,427 |
| Distributable Amount | $72,723 | $61,224 | $67,679 |
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
99 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colgate University ($15,000), South Kent School ($10,000), Marvelwood School ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BILLION OYSTER PROJECT NEW YORK, NY | GENERAL SUPPORT | $2,000 |
| CAPE ELEUTHERA FOUNDATION PHILADELPHIA, PA | GENERAL SUPPORT | $2,000 |
| COLGATE UNIVERSITY HAMILTON, NY | GENERAL SUPPORT | $15,000 |
| EDIBLE SCHOOLYARD BERKELEY, CA | GENERAL SUPPORT | $3,000 |
| FOOD EDUCATION FUND NEW YORK, NY | GENERAL SUPPORT | $2,000 |
| LAST PRISONER PROJECT DENVER, CO | GENERAL SUPPORT | $3,000 |
| MADISON FOUNDATION MADISON, CT | GENERAL SUPPORT | $2,000 |
| MADISON HISTORICAL SOCIETY MADISON, CT | GENERAL SUPPORT | $3,000 |
| MAINE ISLAND TRAIL ASSOCIATION PORTLAND, ME | GENERAL SUPPORT | $2,000 |
| MARVELWOOD SCHOOL KENT, CT | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELDON SCOTT | PRESIDENT | 1 | — |
| LUCY E SCOTT | VICE PRESIDENT/SECRETARY | 1 | — |
| ALEXANDRA SCOTT | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lucy Foundation?
Lucy Foundation is a private foundation focused on Education, based in MADISON, NJ. It holds $1.1M in total assets as of 2024.
How large is Lucy Foundation?
As of 2024, Lucy Foundation holds $1.1M in total assets with $69K in annual revenue. It awarded 21 grants totaling $70K in 2024.
Where does Lucy Foundation operate?
Lucy Foundation has awarded grants in Alabama, California, Colorado, Connecticut, Georgia, Massachusetts, Maryland, Maine, New Hampshire, New York, Ohio, Pennsylvania, Rhode Island, Washington.
What size grants does Lucy Foundation award?
In 2024, Lucy Foundation awarded 21 grants totaling $70K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Lucy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lucy Foundation reported a distributable amount of $73K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lucy Foundation's EIN?
Lucy Foundation's EIN (Employer Identification Number) is 22-2737472. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lucy Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
The William & Phyllis Mack Family
FORT LEE, NJ
Assets
$5.9M
Grants
53
Total Given
$3.2M
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Lucy Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Lucy Foundation to a real strategy.