Lutz Foundation Inc

SHELBY, NC EIN: 56-1073160

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 grants totaling $60K. Net investment income was $8K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$83K

-38.7% YoY

Annual Giving

$60K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$60K

+0.0% YoY

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.

About Lutz Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $300K (100%)

States

North Carolina

Cities

Boiling Springs

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$83,036	$135,521	$184,801
Revenue	$7,934	$11,102	$8,879
Expenses	$60,419	$60,383	$60,373
Qualifying Distributions	—	—	—
Net Investment Income	$7,934	$11,102	$8,879
Distributable Amount	$1,273	$1,663	$1,795

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Gardner-webb University ($60,000).

Recipient	Purpose	Amount
GARDNER-WEBB UNIVERSITY BOILING SPRINGS, NC	SCHOLARSHIPS	$60,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RICHARD F BOWLING II	PRESIDENT	2	—
SUSAN BOWLING	VICE PRESIDENT	2	—

Frequently Asked Questions

How large is Lutz Foundation Inc?

As of 2024, Lutz Foundation Inc holds $83K in total assets with $8K in annual revenue. It awarded 1 grants totaling $60K in 2024.

Where does Lutz Foundation Inc operate?

Lutz Foundation Inc has awarded grants in North Carolina.

What size grants does Lutz Foundation Inc award?

In 2024, Lutz Foundation Inc awarded 1 grants totaling $60K — an average of about $60K per grant, based on its IRS Form 990 filings.

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.