Nihla & Bob Lapidus Foundation Inc is a private foundation focused on Education, based in Middletown, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $60K. Net investment income was $17K.
Key facts about Nihla & Bob Lapidus Foundation Inc
- EIN
- 06-1454867
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $60,010
- Grants made (2024)
- 8
- Average grant
- $7,501
- Median grant
- $6,500
- Total assets
- $1,093,583
- Primary geography
- Connecticut (89% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Nihla & Bob Lapidus Foundation Inc funds
By grant dollars, the top recipient states for Nihla & Bob Lapidus Foundation Inc's 8 itemized 2024 grants were Connecticut (89%) and New York (8%). The most frequent recipient cities were Middletown, CT (4 grants). 100% of grants with a stated purpose were for general or operating support.
How Nihla & Bob Lapidus Foundation Inc gives
- Giving grew 35% from 2021 to 2024. Method
- In 2024 it paid out 91% 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.
Next steps with Nihla & Bob Lapidus Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-2.1% YoY
Annual Giving
$60K
+28.5% YoY
Grant Count
8
-20.0% YoY
Avg Grant Size
$8K
+60.6% YoY
Under IRS private-foundation payout rules, Nihla & Bob Lapidus Foundation Inc reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.
About Nihla & Bob Lapidus Foundation Inc
Based on IRS filings
Nihla & Bob Lapidus Foundation Inc is a private foundation focused on Education, based in Middletown, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $60K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,093,583 | $1,117,216 | $957,743 |
| Revenue | $52,435 | $244,355 | $181,907 |
| Expenses | $125,633 | $113,651 | $102,223 |
| Qualifying Distributions | $90,619 | $80,367 | $72,440 |
| Net Investment Income | $17,421 | $211,071 | $152,124 |
| Distributable Amount | $99,488 | $78,829 | $75,312 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Middlesex Hospital ($14,958), YMCA ($11,931), Middlesex Community College ($9,972).
| Recipient | Purpose | Amount |
|---|---|---|
| MIDDLESEX HOSPITAL Middletown, CT | GENERAL FUND | $14,958 |
| YMCA Middletown, CT | GENERAL FUND | $11,931 |
| MIDDLESEX COMMUNITY COLLEGE Middletown, CT | GENERAL FUNDGENERAL FUNDGENERAL FUND | $9,972 |
| RUSHFORD CENTER Glastonbury, CT | GENERAL FUND | $8,013 |
| CONGREGATION ADATH ISRAEL Middletown, CT | GENERAL FUND | $4,986 |
| ST JUDE New York, NY | GENERAL FUND | $4,986 |
| AMERICAN CIVIL LIBERTIES UNION - CT Hartford, CT | GENERAL FUND | $3,383 |
| GREATER BOSTON FOOD BANK Boston, MA | GENERAL FUND | $1,781 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Lapidus | Co-President | — | — |
| Marc Lapidus | Co-President | — | — |
| Rosalie Scarrozzo | Secretary | 8 | $52,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nihla & Bob Lapidus Foundation Inc?
Nihla & Bob Lapidus Foundation Inc is a private foundation focused on Education, based in Middletown, CT. It holds $1.1M in total assets as of 2024.
How large is Nihla & Bob Lapidus Foundation Inc?
As of 2024, Nihla & Bob Lapidus Foundation Inc holds $1.1M in total assets with $52K in annual revenue. It awarded 8 grants totaling $60K in 2024.
Where does Nihla & Bob Lapidus Foundation Inc operate?
Nihla & Bob Lapidus Foundation Inc has awarded grants in Alabama, Connecticut, Massachusetts, Maryland, New York, Tennessee.
What size grants does Nihla & Bob Lapidus Foundation Inc award?
In 2024, Nihla & Bob Lapidus Foundation Inc awarded 8 grants totaling $60K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Nihla & Bob Lapidus Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nihla & Bob Lapidus Foundation Inc reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nihla & Bob Lapidus Foundation Inc's EIN?
Nihla & Bob Lapidus Foundation Inc's EIN (Employer Identification Number) is 06-1454867. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.