Lucy Pannill Sale Foundation

Private foundation · Grantmaker Martinsville, VA EIN: 54-1726783

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

1state

Share of 2023 grant dollars across all 2 itemized grants.

States

Cities

Martinsville

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K3 grants2021 0 grants2022 2 grants2023

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 Piedmont Arts Association: $52KThe Piedmont Arts Association$52KMartsinville Henry County Family YMCA: $52KMartsinville Henry CountyFamily YMCA$52K

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

3<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Piedmont Arts Association Martinsville, VAUnrestricted Contribution$52,165
Martsinville Henry County Family YMCA Martinsville, VAUnrestricted Contribution$52,165

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2021 2022 2023
Metric202320222021
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

  1. 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.

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