Lucy Pannill Sale Foundation
Lucy Pannill Sale Foundation is a private foundation focused on Education, based in Martinsville, VA. IRS filing data is available from 2021 through 2023. In 2023, it awarded 2 grants totaling $104K. Net investment income was $35K.
Key facts about Lucy Pannill Sale Foundation
In short: Lucy Pannill Sale Foundation gave $104K across 2 grants in 2023 (avg $52K), mostly in Virginia. Source: 2023 IRS Form 990-PF.
- EIN
- 54-1726783
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $104,330
- Grants made (2023)
- 2
- Average grant
- $52,165
- Median grant
- $52,165
- Primary geography
- Virginia (100% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$104K
Grant Count
2
Avg Grant Size
$52K
Under IRS private-foundation payout rules, Lucy Pannill Sale Foundation reported a distributable amount of $3K for 2023 — the minimum it must pay out in qualifying distributions.
How Lucy Pannill Sale Foundation gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $11K (2021) to $104K (2023). In 2023 it made 2 grants totaling $104K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
The largest 2023 recipient was The Piedmont Arts Association ($52K). Together the top 2 received $104K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Piedmont Arts Association Martinsville, VA | Unrestricted Contribution | $52,165 |
| Martsinville Henry County Family YMCA Martinsville, VA | Unrestricted Contribution | $52,165 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $74,636 | $72,229 |
| Revenue | $35,272 | $6,678 | $10,460 |
| Expenses | $109,908 | $4,271 | $15,264 |
| Qualifying Distributions | $104,330 | — | — |
| Net Investment Income | $35,272 | $6,678 | $10,460 |
| Distributable Amount | $2,612 | $5,958 | $5,396 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
Leadership & Key People
Officers and directors from IRS filings
Lucy Pannill Sale Foundation is led by Joseph Cobbe, President on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2023 filing
Joseph Cobbe
President
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "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 Pannill Sale Foundation
How much does Lucy Pannill Sale Foundation give each year?
Lucy Pannill Sale Foundation gave $104K across 2 grants in 2023, according to its 2023 IRS Form 990-PF.
What is Lucy Pannill Sale Foundation?
Lucy Pannill Sale Foundation is a private foundation focused on Education, based in Martinsville, VA.
Where does Lucy Pannill Sale Foundation operate?
Lucy Pannill Sale Foundation has awarded grants in Virginia.
How much is Lucy Pannill Sale Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Lucy Pannill Sale Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lucy Pannill Sale Foundation's EIN?
Lucy Pannill Sale Foundation's EIN (Employer Identification Number) is 54-1726783. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Lucy Pannill Sale Foundation by hand.
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