Lucy Foundation
Lucy Foundation is a private foundation based in Madison, New Jersey. Its 2024 filing reports 21 grants totaling $69,500, including support for educational institutions, a hospital, a historical society, and organizations working in other areas.
Lucy Foundation at a glance
In short: Lucy Foundation gave $70K across 21 grants in 2024 (avg $3K), top state Connecticut. 5% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $69,500
- +11.2% vs 2023
- Grants made (2024)
- 21
- +0.0% vs 2023
- Average grant
- $3,310
- +11.2% vs 2023
- Median grant
- $2,000
- Total assets
- $1,058,779
- -1.0% vs 2023
- New grantees (estimate)
- 5% first-time grantees (1 of 21, 2024; small sample)
- Primary geography
- Connecticut (44% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Lucy Foundation
- How to Apply
-
The filing instructs applicants to contact Eldon Scott and send a letter to the foundation with a 501(c)(3) determination letter. The foundation states that it does not restrict giving to preselected organizations. It lists no restrictions on awards.
- Review Cycle
- None listed.
- Deadline
- None listed.
- Contact
Application contact: Eldon Scott
Mailing address: 70 Little Plains Road, South Hampton, NY 11968
Phone: (917) 502-2855
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lucy Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Colgate University ($15K). Together the top 10 received $49K.
Grant Size Distribution
99 grants across all recorded years
The most common grant size was under $50K: 99 grants of 99 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were distributed primarily to recipients in Connecticut (44%) and New York (27%). Other listed recipient-state shares were California (4%), Colorado (4%), and Pennsylvania (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 21 itemized grants.
States
Cities
Is Lucy Foundation open to new grantees?
5%
first-time grantees, 2024
In 2024, 1 of 21 grantees (5%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $2K; repeat grants $3K. How we count
Medians: $2K first-time, $2K repeat.
- 86% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $61K (2021) to $70K (2024). In 2024 it made 21 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colgate University Hamilton, NY | General Support | $15,000 |
| South Kent School Kent, CT | General Support | $10,000 |
| Marvelwood School Kent, CT | General Support | $5,000 |
| Edible Schoolyard Berkeley, CA | General Support | $3,000 |
| Last Prisoner Project Denver, CO | General Support | $3,000 |
| Madison Historical Society Madison, CT | General Support | $3,000 |
| Scranton Library Madison, CT | General Support | $3,000 |
| The Country School Madison, CT | General Support | $2,500 |
| Yale New Haven Hospital New Haven, CT | General Support | $2,500 |
| Billion Oyster Project New York, NY | General Support | $2,000 |
Ready to take the next step with Lucy Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,058,779 | $69,152 | $80,208 | $69,500 | 21 | $69,500 | $58,444 | $72,723 |
| 2023 | $1,069,835 | $214,216 | $72,153 | $62,500 | 21 | $62,500 | $204,563 | $61,224 |
| 2022 | $930,972 | $36,421 | $78,876 | $66,882 | 19 | $66,882 | $24,427 | $67,679 |
| 2021 | $973,427 | $292,891 | $73,208 | $61,000 | 19 | $61,000 | $280,683 | $66,462 |
| 2020 | $753,744 | $16,946 | $80,642 | $65,000 | 19 | — | $8,109 | $59,634 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. For example, South Kent School describes itself as an independent, college-preparatory school for boys, while Marvelwood School says its mission is to support young people’s personal growth and academic success. The Madison Historical Society says it collects, preserves, and documents items important to Madison, Connecticut, for exhibition and education; Yale New Haven Hospital describes its mission as providing patient care, teaching, research, and community service. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation gave 21 grants totaling $69,500. Grant amounts ranged from $500 to $15,000, with a median of $2,000. The largest grants included $15,000 to Colgate University and $10,000 to South Kent School. Other grants included $5,000 to Marvelwood School; $3,000 each to Edible Schoolyard, Last Prisoner Project, Madison Historical Society, and Scranton Library; and $2,500 each to The Country School and Yale New Haven Hospital. The listed grants were for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Eldon Scott as president, Lucy E. Scott as vice president/secretary, and Alexandra Scott as treasurer.
Lucy Foundation is led by Eldon Scott, President since 2022 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Eldon Scott
President
President & Treasurer → President, 2022
On filings since 2020
1 hr/week
No compensation reported
Lucy E. Scott
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Alexandra Scott
Treasurer
Trasurer → Treasurer, 2024
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Lucy Foundation
How much does Lucy Foundation give each year?
Lucy Foundation gave $70K across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $63K across 21 grants.
What is Lucy Foundation's typical grant size?
Lucy Foundation's median grant in 2024 was $2,000, and its average grant was $3,310, across 21 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Lucy Foundation that year got $2K on average.
Where does Lucy Foundation give grants?
Lucy Foundation's top state is Connecticut, with 44% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was New York (27%). The most frequent recipient cities were Madison, CT (5 grants), Kent, CT (2 grants), New York, NY (2 grants) and New Haven, CT (2 grants).
Does Lucy Foundation give general operating support?
Yes: 100% of Lucy Foundation's 2024 grants with a stated purpose (21 of 21) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Lucy Foundation's largest grantees?
Lucy Foundation's largest 2024 grantees include Colgate University ($15,000), South Kent School ($10,000) and Marvelwood School ($5,000), according to its 2024 IRS Form 990-PF. Together they received 43% of its itemized 2024 grant dollars.
How large is Lucy Foundation?
Lucy Foundation reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $73K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Lucy Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from Lucy Foundation?
The filing instructs applicants to contact Eldon Scott and send a letter to the foundation with a 501(c)(3) determination letter. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Lucy Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Lucy Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Lucy Foundation funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/lucy-foundation-morg_1be22817a56f471a8c9551a2c0117839
BibTeX
@misc{grantable_222737472_2026,
author = {{Grantable}},
title = {{Lucy Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lucy-foundation-morg_1be22817a56f471a8c9551a2c0117839},
note = {Accessed 2026-10-21. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Lucy Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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