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.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
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.
About Lucy Pannill Sale Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include The Piedmont Arts Association ($52,165), Martsinville Henry County Family Ymca ($52,165).
| Recipient | Purpose | Amount |
|---|---|---|
| THE PIEDMONT ARTS ASSOCIATION MARTINSVILLE, VA | UNRESTRICTED CONTRIBUTION | $52,165 |
| MARTSINVILLE HENRY COUNTY FAMILY YMCA MARTINSVILLE, VA | UNRESTRICTED CONTRIBUTION | $52,165 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH COBBE | PRESIDENT | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lucy Pannill Sale Foundation?
Lucy Pannill Sale Foundation is a private foundation focused on Education, based in MARTINSVILLE, VA. It holds — in total assets as of 2023.
Where does Lucy Pannill Sale Foundation operate?
Lucy Pannill Sale Foundation has awarded grants in Virginia.
What size grants does Lucy Pannill Sale Foundation award?
In 2023, Lucy Pannill Sale Foundation awarded 2 grants totaling $104K — an average of about $52K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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