Lutz Foundation Inc
Lutz Foundation Inc is a private foundation, based in Shelby, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $83K in total assets. In 2024, it awarded 1 grant totaling $60K. Net investment income was $8K.
Lutz Foundation Inc at a glance
In short: Lutz Foundation Inc gave $60K across 1 grant in 2024 (avg $60K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $60,000
- +0.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $60,000
- +0.0% vs 2023
- Median grant
- $60,000
- Total assets
- $83,036
- -38.7% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Lutz Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Lutz Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $60K (2020) to $60K (2024). In 2024 it made 1 grant totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $60,000 |
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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 | $83,036 | $7,934 | $60,419 | $60,000 | 1 | — | $7,934 | $1,273 |
| 2023 | $135,521 | $11,102 | $60,383 | $60,000 | 1 | — | $11,102 | $1,663 |
| 2022 | $184,801 | $8,879 | $60,373 | $60,000 | 1 | — | $8,879 | $1,795 |
| 2021 | $236,295 | $8,135 | $60,407 | $60,000 | 1 | $60,407 | $8,135 | $1,719 |
| 2020 | $288,567 | $10,608 | $60,677 | $60,000 | 1 | — | $10,608 | $14,413 |
Under IRS private-foundation payout rules, Lutz Foundation Inc reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lutz Foundation Inc is led by Richard F. Bowling II, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard F. Bowling II
President
On filings since 2020
2 hrs/week
No compensation reported
Susan Bowling
Vice President
On filings since 2020
2 hrs/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 Lutz Foundation Inc
How much does Lutz Foundation Inc give each year?
Lutz Foundation Inc gave $60K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $60K across 1 grant.
How large is Lutz Foundation Inc?
Lutz Foundation Inc reported $83K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $8K.
Where does Lutz Foundation Inc operate?
Lutz Foundation Inc has awarded grants in North Carolina.
How much is Lutz Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lutz Foundation Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lutz Foundation Inc's EIN?
Lutz Foundation Inc's EIN (Employer Identification Number) is 56-1073160. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 18, 2025)
- IRS filings on file for fiscal years 2020–2024
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