Lucys Legacy Foundationinc is a private foundation focused on Education, based in Boston, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 5 grants totaling $234K. Net investment income was $228K.
Key facts about Lucys Legacy Foundationinc
- EIN
- 04-2105865
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $234,003
- Grants made (2025)
- 5
- Average grant
- $46,801
- Median grant
- $3,500
- Total assets
- $2,802,100
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lucys Legacy Foundationinc funds
By grant dollars, the top recipient states for Lucys Legacy Foundationinc's 5 itemized 2025 grants were Massachusetts (100%). The most frequent recipient cities were Boston, MA (2 grants). None of its 5 grants with a stated purpose were described as general or operating support.
How Lucys Legacy Foundationinc gives
- Giving grew 88% from 2022 to 2025. Method
- In 2025 it paid out 176% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Lucys Legacy Foundationinc
- How to evaluate Lucys Legacy Foundationinc as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.8M
-5.0% YoY
Annual Giving
$234K
+6585.8% YoY
Grant Count
5
+400.0% YoY
Avg Grant Size
$47K
+1237.2% YoY
Under IRS private-foundation payout rules, Lucys Legacy Foundationinc reported a distributable amount of $139K for 2025 — the minimum it must pay out in qualifying distributions.
About Lucys Legacy Foundationinc
Based on IRS filings
Lucys Legacy Foundationinc is a private foundation focused on Education, based in Boston, MA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 5 grants totaling $234K. Net investment income was $228K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,802,100 | $2,950,406 | $2,661,999 |
| Revenue | $252,246 | $134,611 | $136,530 |
| Expenses | $305,734 | $31,165 | $181,666 |
| Qualifying Distributions | $244,967 | $5,778 | $145,427 |
| Net Investment Income | $227,552 | $111,344 | $113,563 |
| Distributable Amount | $139,116 | $133,262 | $135,141 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Boston University ($220,148), Kerri Lynn Bailey-Nekervis ($4,355), Karen Frances Wood ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON UNIVERSITY Boston, MA | SCHOLARSHIPS FOR BU WHEELOCK SCHOOL | $220,148 |
| KERRI LYNN BAILEY-NEKERVIS Acton, MA | GRANT- MT. CALVARY LUTHERAN CHURCH ACTON MA-SENSORY playground for all children- | $4,355 |
| KAREN FRANCES WOOD boston, MA | GRANT-ROUSING THE READER - BOSTON PUBLIC SCHOOLS-PHONICS MATERIALS | $3,500 |
| QT Library INC Somerville, MA | GRANT-LGBTQ+ LIBRARY - GRANT TO PURCHASE BOOKS. | $3,500 |
| COMMUNITY NETWORK FOR CHILDREN new salem, MA | toys and educational materials for the community parent/child playgroups | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kyla McSweeney | dirECTOR | 2 | — |
| Bonnie Page | dirECTOR | 2 | — |
| Carol Sullivan Hanley | treasurer | 2 | — |
| Rachel Basdekis | secretary | 2 | — |
| Heidi Fanion | Director | 2 | — |
| Shannon Fairley-Pittman | President | 2 | — |
| Kathryn Jones | vice president | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lucys Legacy Foundationinc?
Lucys Legacy Foundationinc is a private foundation focused on Education, based in Boston, MA. It holds $2.8M in total assets as of 2025.
How large is Lucys Legacy Foundationinc?
As of 2025, Lucys Legacy Foundationinc holds $2.8M in total assets with $252K in annual revenue. It awarded 5 grants totaling $234K in 2025.
Where does Lucys Legacy Foundationinc operate?
Lucys Legacy Foundationinc has awarded grants in Massachusetts, Maryland, Rhode Island, Texas, Virginia.
What size grants does Lucys Legacy Foundationinc award?
In 2025, Lucys Legacy Foundationinc awarded 5 grants totaling $234K — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is Lucys Legacy Foundationinc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Lucys Legacy Foundationinc reported a distributable amount of $139K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lucys Legacy Foundationinc's EIN?
Lucys Legacy Foundationinc's EIN (Employer Identification Number) is 04-2105865. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.