The Labarron and Lori Boone Educational Foundation Charitable Trust

Private foundation · Grantmaker Pike Road, AL EIN: 45-3981751

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.

Key facts about The Labarron and Lori Boone Educational Foundation Charitable Trust

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.

EIN
45-3981751
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$92,347
Grants made (2024)
7
Average grant
$13,192
Median grant
$9,790
Total assets
$284,724
Primary geography
Alabama (85% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$285K

+10.3% YoY

Annual Giving

$92K

+20.2% YoY

Grant Count

7

+16.7% YoY

Avg Grant Size

$13K

+3.0% YoY

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

MontgomeryMontgomeruyJacksonvilleTuskegee

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K0 grants2020 3 grants2021 0 grants2022 6 grants2023 7 grants2024

From 2021 to 2024, annual grant giving ranged from $77K (2023) to $92K (2024). In 2024 it made 7 grants totaling $92K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Resurection Catholic: $50KResurection Catholic$50KGuardian Catholic School: $14KGuardian Catholic School$14KThe Mercy House: $10KThe Mercy House$10KSaint James School: $10KSaint James School$10KThe King's Canvas: $5KThe King's Canvas$5KMAP Center for Excellence: $3KMAP Center for Excellence$3KThe Judge Frank M Johnson Institute: $1KThe Judge Frank M JohnsonInstitute$1K

The largest 2024 recipient was Resurection Catholic ($50K). Together the top 7 received $92K.

Grant Size Distribution

16 grants across all recorded years

14<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 14 grants of 16 (88%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Resurection Catholic Montgomery, ALSupport the religious activities of the Church.$50,000
Guardian Catholic School Jacksonville, FLTo assist the indigent in their educational pursuits.$13,807
The Mercy House Montgomery, ALTo assist the indigent in their educational pursuits.$10,000
Saint James School Montgomery, ALTo assist the indigent in their educational pursuits.$9,790
The King's Canvas Montgomery, ALTo assist the indigent in their educational pursuits.$5,000
MAP Center for Excellence Montgomery, ALTo assist the indigent in their educational pursuits.$2,750
The Judge Frank M Johnson Institute Montgomery, ALTo assist the indigent in their educational pursuits.$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$284,724$258,165$328,430
Revenue$118,906$6,568$162,830
Expenses$92,347$76,833—
Qualifying Distributions$92,347$76,833—
Net Investment Income$4,111$6,568$1,706

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 13, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 5, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS September 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 11, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 22, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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%). The most frequent recipient cities were Montgomery, AL (6 grants).

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).

Who are The Labarron and Lori Boone Educational Foundation Charitable Trust's largest grantees?

The Labarron and Lori Boone Educational Foundation Charitable Trust's largest 2024 grantees include Resurection Catholic ($50,000), Guardian Catholic School ($13,807) and The Mercy House ($10,000), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.

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.

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