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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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