The Labarron and Lori Boone Educational Foundation Charitable Trust
The Labarron and Lori Boone Educational Foundation Charitable Trust is a private foundation, based in Pike Road, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $285K in total assets. In 2024, it awarded 7 grants totaling $92K. Net investment income was $4K.
The Labarron and Lori Boone Educational Foundation Charitable Trust at a glance
In short: The Labarron and Lori Boone Educational Foundation Charitable Trust gave $92K across 7 grants in 2024 (avg $13K), mostly in Alabama. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $92,347
- +20.2% vs 2023
- Grants made (2024)
- 7
- +16.7% vs 2023
- Average grant
- $13,192
- +3.0% vs 2023
- Median grant
- $9,790
- Total assets
- $284,724
- +10.3% vs 2023
- Primary geography
- Alabama (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Labarron and Lori Boone Educational Foundation Charitable Trust funds
How this funder distributes its grants
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 14 grants of 16 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The Labarron and Lori Boone Educational Foundation Charitable Trust gives
- Giving held roughly steady from 2021 to 2024 (+9%). 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 2024, annual grant giving ranged from $77K (2023) to $92K (2024). In 2024 it made 7 grants totaling $92K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 7 grants to individuals Recipients not named | — | $92,347 |
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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 |
|---|---|---|---|---|---|---|---|
| 2024 | $284,724 | $118,906 | $92,347 | $92,347 | 7 | $92,347 | $4,111 |
| 2023 | $258,165 | $6,568 | $76,833 | $76,833 | 6 | $76,833 | $6,568 |
| 2022 | $328,430 | $162,830 | — | — | — | — | $1,706 |
| 2021 | $165,600 | $89,136 | $85,000 | $85,000 | 3 | $85,000 | $9,136 |
| 2020 | $161,464 | $13,922 | — | — | — | — | $15,048 |
Leadership & Key People
Officers and directors from IRS filings
The Labarron and Lori Boone Educational Foundation Charitable Trust is led by Labarron Boone, President & CEO on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Labarron Boone
President & CEO
On filings since 2020
No compensation reported
Lori A Boone
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Labarron and Lori Boone Educational Foundation Charitable Trust
How much does The Labarron and Lori Boone Educational Foundation Charitable Trust give each year?
The Labarron and Lori Boone Educational Foundation Charitable Trust gave $92K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $77K across 6 grants.
What is The Labarron and Lori Boone Educational Foundation Charitable Trust's typical grant size?
The Labarron and Lori Boone Educational Foundation Charitable Trust's median grant in 2024 was $9,790, and its average grant was $13,192, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Labarron and Lori Boone Educational Foundation Charitable Trust give grants?
The Labarron and Lori Boone Educational Foundation Charitable Trust gives mostly in Alabama: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (15%).
Does The Labarron and Lori Boone Educational Foundation Charitable Trust give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on The Labarron and Lori Boone Educational Foundation Charitable Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To assist the indigent in their educational pursuits." (6 grants).
How large is The Labarron and Lori Boone Educational Foundation Charitable Trust?
The Labarron and Lori Boone Educational Foundation Charitable Trust reported $285K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $119K.
What is The Labarron and Lori Boone Educational Foundation Charitable Trust's EIN?
The Labarron and Lori Boone Educational Foundation Charitable Trust's EIN (Employer Identification Number) is 45-3981751. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 11, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 22, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Labarron and Lori Boone Educational Foundation Charitable Trust funds
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