Marybeth M Lamb Foundation Inc
Marybeth M Lamb Foundation Inc is a private foundation, based in Reno, NV. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $896K in total assets. In 2026, it awarded 8 grants totaling $70K. Net investment income was $58K.
Marybeth M Lamb Foundation Inc at a glance
In short: Marybeth M Lamb Foundation Inc gave $70K across 8 grants in 2026 (avg $9K), mostly in Nevada. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $70,000
- +7.7% vs 2025
- Grants made (2026)
- 8
- +0.0% vs 2025
- Average grant
- $8,750
- +7.7% vs 2025
- Median grant
- $10,000
- Total assets
- $896,061
- -5.7% vs 2025
- Primary geography
- Nevada (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Marybeth M Lamb Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2026
The largest 2026 recipient was Big Brothers Big Sisters ($10K). Together the top 8 received $70K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 42 grants of 42 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 8 itemized grants.
States
Cities
How Marybeth M Lamb Foundation Inc gives
- Giving fell 24% from 2023 to 2026. Method
- In 2026 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2026, annual grant giving ranged from $65K (2025) to $93K (2023). In 2026 it made 8 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Big Brothers Big Sisters Reno, NV | General Support | $10,000 |
| Boys & Girls Club Mason Valley Yerington, NV | General Support | $10,000 |
| Boys & Girls Club Truckee Meadows Reno, NV | General Support | $10,000 |
| Moms on the Run Reno, NV | General Support | $10,000 |
| The First Tee Northern Nevada Reno, NV | General Support | $10,000 |
| Care Chest of Nevada Reno, NV | General Support | $7,500 |
| Jimmy Olivias Athletic Foundation Reno, NV | General Support | $7,500 |
| Food Bank of Northern Nevada Sparks, NV | General Support | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $896,061 | $137,155 | $190,955 | $70,000 | 8 | $111,504 | $57,704 | $114,149 |
| 2025 | $949,861 | $116,353 | $186,630 | $65,000 | 8 | $104,440 | $35,163 | $98,319 |
| 2024 | $1,020,138 | $120,748 | $188,214 | $75,000 | 9 | $112,807 | $45,341 | $97,598 |
| 2023 | $1,087,604 | $65,924 | $209,082 | $92,500 | 9 | $128,951 | — | $99,747 |
| 2022 | $1,230,762 | $163,516 | $197,101 | $85,000 | 8 | $119,395 | $85,810 | $111,544 |
| 2021 | $1,264,347 | $88,121 | $187,714 | $79,500 | 7 | — | $12,077 | $109,664 |
Under IRS private-foundation payout rules, Marybeth M Lamb Foundation Inc reported a distributable amount of $114K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marybeth M Lamb Foundation Inc is led by Gayle Petersen, President since 2026 (on filings since 2021); all 2 officers listed in 2026 are compensated.
Officers on the 2026 filing
Gayle Petersen
President
Secretary → President, 2026
On filings since 2021
3 hrs/week
$12K (2021) → $18K (2026)
Steven Petersen
Secretary & Treasurer
President → Secretary & Treasurer, 2026
On filings since 2021
5 hrs/week
$38K (2021) → $39K (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $39K, to Steven Petersen (Secretary/Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Marybeth M Lamb Foundation Inc
How much does Marybeth M Lamb Foundation Inc give each year?
Marybeth M Lamb Foundation Inc gave $70K across 8 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $65K across 8 grants.
What is Marybeth M Lamb Foundation Inc's typical grant size?
Marybeth M Lamb Foundation Inc's median grant in 2026 was $10,000, and its average grant was $8,750, across 8 grants on its 2026 IRS Form 990-PF.
Where does Marybeth M Lamb Foundation Inc give grants?
Marybeth M Lamb Foundation Inc gives mostly in Nevada: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Reno, NV (6 grants).
Does Marybeth M Lamb Foundation Inc give general operating support?
Yes: 100% of Marybeth M Lamb Foundation Inc's 2026 grants with a stated purpose (8 of 8) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Marybeth M Lamb Foundation Inc's largest grantees?
Marybeth M Lamb Foundation Inc's largest 2026 grantees include Big Brothers Big Sisters ($10,000), Boys & Girls Club Mason Valley ($10,000) and Boys & Girls Club Truckee Meadows ($10,000), according to its 2026 IRS Form 990-PF. Together they received 43% of its itemized 2026 grant dollars.
How large is Marybeth M Lamb Foundation Inc?
Marybeth M Lamb Foundation Inc reported $896K in total assets on its 2026 IRS Form 990-PF. It paid out $112K in qualifying distributions that year, against a required minimum of $114K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Marybeth M Lamb Foundation Inc's EIN?
Marybeth M Lamb Foundation Inc's EIN (Employer Identification Number) is 36-4518327. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 21, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 29, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 15, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 2, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 9, 2026)
- IRS filings on file for fiscal years 2021–2025
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