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.
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
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 |
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 include Middlesex Hospital ($14,958), Ymca ($11,931), Middlesex Community College ($9,972).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CIVIL LIBERTIES UNION - CT HARTFORD, CT | GENERAL FUND | $3,383 |
| CONGREGATION ADATH ISRAEL MIDDLETOWN, CT | GENERAL FUND | $4,986 |
| MIDDLESEX HOSPITAL MIDDLETOWN, CT | GENERAL FUND | $14,958 |
| RUSHFORD CENTER GLASTONBURY, CT | GENERAL FUND | $8,013 |
| ST JUDE NEW YORK, NY | GENERAL FUND | $4,986 |
| MIDDLESEX COMMUNITY COLLEGE MIDDLETOWN, CT | GENERAL FUNDGENERAL FUNDGENERAL FUND | $9,972 |
| YMCA MIDDLETOWN, CT | GENERAL FUND | $11,931 |
| 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 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 April 2026. Sourced from IRS Form 990-PF filings.
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