Melvin a Lipsitz Family Foundation
Melvin a Lipsitz Family Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $279K in total assets. Net investment income was $22K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$279K
+8.4% YoY
Revenue
$22K
+133.9% YoY
Net Investment Income
$22K
+133.9% YoY
Expenses
$708
-40.9% YoY
Under IRS private-foundation payout rules, Melvin a Lipsitz Family Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
About Melvin a Lipsitz Family Foundation
Based on IRS filings
Melvin a Lipsitz Family Foundation is a private foundation, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $279K in total assets. Net investment income was $22K.
Ready to take the next step with Melvin a Lipsitz Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $278,583 | $256,986 | $248,646 |
| Revenue | $22,307 | $9,538 | $96,057 |
| Expenses | $708 | $1,198 | $100,130 |
| Qualifying Distributions | — | $500 | $99,500 |
| Net Investment Income | $22,307 | $9,538 | $8,864 |
| Distributable Amount | $19,229 | $14,873 | $15,454 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MELVIN A LIPSITZ | PRES & ASST SECRETARY | 1 | — |
| LYNNE LIPSITZ | VICE-PRESIDENT | 1 | — |
| JAMIE C LIPSITZ | SEC/TREAS. | 1 | — |
Frequently Asked Questions
How large is Melvin a Lipsitz Family Foundation?
As of 2024, Melvin a Lipsitz Family Foundation holds $279K in total assets with $22K in annual revenue.
Where does Melvin a Lipsitz Family Foundation operate?
Melvin a Lipsitz Family Foundation has awarded grants in New York, Texas, Virginia.
How much is Melvin a Lipsitz Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Melvin a Lipsitz Family Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Melvin a Lipsitz Family Foundation's EIN?
Melvin a Lipsitz Family Foundation's EIN (Employer Identification Number) is 74-2587599. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Melvin a Lipsitz Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.