The Labcorp Charitable Foundation
The Labcorp Charitable Foundation is a private 501(c)(3) charitable foundation established in 2020 to advance Labcorp's commitment to bringing quality healthcare access to all. Based in Burlington, North Carolina, the foundation supports education and local communities through strategic grantmaking aligned with health equity and scientific advancement.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.8M
-4.7% YoY
Annual Giving
$2.6M
+31.2% YoY
Grant Count
558
+78.3% YoY
Avg Grant Size
$5K
-26.4% YoY
Under IRS private-foundation payout rules, The Labcorp Charitable Foundation reported a distributable amount of $1000K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation operates under the belief that every person deserves equitable care and education. Its primary funding areas include:
- Healthcare Access: Providing healthcare and patient services for underserved populations
- Education: Encouraging STEM programming and supporting educational initiatives
- Food Security: Supporting food pantries and meal programs
- Health Promotion: Advocating for healthy lifestyles through ongoing medical research and screenings
- Health Equity: Advancing equitable access to care, particularly for communities of color and underserved populations
Grantmaking
The foundation operates on an invite-only basis and does not accept unsolicited applications.
Grant Range
s and Patterns:**
Average Grant
varies by funding cycle
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across the United States, with particular emphasis on company communities. Documented funding activity includes North Carolina, California, Texas, and numerous other states including Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, and additional locations nationwide.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $20.8 million
- Total Revenue: $448,707
- Total Expenses: $2.24 million
- Total Giving: $1.9 million to $2.6 million
- Total Liabilities: $0
- Giving Rate: 9.3% of assets
- Number of Grants: 161 (2023)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,822,469 | $20,797,221 | $20,497,427 |
| Revenue | $993,941 | $448,707 | $418,360 |
| Expenses | $2,854,498 | $2,240,840 | $2,067,897 |
| Qualifying Distributions | $2,813,124 | $2,203,431 | $2,019,435 |
| Net Investment Income | $952,567 | $414,483 | $421,822 |
| Distributable Amount | $999,576 | $1,027,537 | $1,060,237 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
211 grants across all recorded years
Open Grants
1 open opportunity from The Labcorp Charitable Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American National Red Cross ($270,990), Alamance Community College Foundation Inc ($52,000), Alamance County Economic Development Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 4-H WHALE ROBOTICS RALEIGH, NC | EDUCATION | $1,000 |
| A NEW LEAF INC MESA, AZ | FOOD INSECURITY | $5,000 |
| ABCCM DOCTORS MEDICAL CLINIC INC ASHEVILLE, NC | GENERAL SUPPORT | $100 |
| ACCESS DEARBORN, MI | GENERAL SUPPORT | $103 |
| ACTION FOR HEALTHY KIDS INC CHICAGO, IL | GENERAL SUPPORT | $250 |
| ADAS SPARK INC WAUNAKEE, WI | GENERAL SUPPORT | $2,500 |
| AFRICAN AMERICAN DIABETES ASSOCIATION BELTSVILLE, MD | GENERAL SUPPORT | $135 |
| AID TO ADOPTION OF SPECIAL KIDS PHOENIX, AZ | GENERAL SUPPORT | $744 |
| AIDS OUTREACH CENTER INC FORT WORTH, TX | FOOD INSECURITY | $10,000 |
| AIDS SERVICES FOUNDATION ORANGE COUNTY IRVINE, CA | PATIENT ASSISTANCE | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Sandra D. Van Der Vaart: President and Secretary
- Glenn Eisenberg: Vice President and Treasurer
- Adam Schechter: Chairman, President and Chief Executive Officer (Labcorp)
Board members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SANDRA D VAN DER VAART | PRESIDENT & SECRETARY | 1 | — |
| GLENN EISENBERG | VICE PRESIDENT & TREASURER | 1 | — |
| BRENDA WAGNER | DIRECTOR | 1 | — |
| THOMAS KREMER | DIRECTOR | 1 | — |
| SARA PIEPER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking with recent awards to organizations addressing health equity, food security, and community development. The foundation's 2024 Corporate Responsibility Report documents ongoing commitment to supporting nonprofit organizations in communities where Labcorp operates.
[PDF] 2024 LABCORP CORPORATE RESPONSIBILITY REPORTSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Labcorp Charitable Foundation fund?
The foundation operates under the belief that every person deserves equitable care and education. Its primary funding areas include: • **Healthcare Access**: Providing healthcare and patient services for underserved populations • **Education**: Encouraging STEM programming and supporting educational initiatives • **Food Security**: Supporting food pantries and meal programs • **Health Promotion**: Advocating for healthy lifestyles through ongoing medical research and screenings • **Health Equit…
How do I apply for a grant from The Labcorp Charitable Foundation?
**Grant Sizes and Patterns:** • Typical award range: $4,000 to $750,000 • Median grant: $5,000 • Average grant size varies by funding cycle • Total giving in 2023: approximately $1.9 million to $2.6 million **Recent Grant Recipients:** • American Diabetes Association: Patient Co-Pay support to increase access to care and improve health equity for people of color with diabetes • American Heart Association: Support for Health Equity Committee implementing "Empower to Serve" health lessons targeti…
Where does The Labcorp Charitable Foundation make grants?
The foundation supports organizations across the United States, with particular emphasis on company communities. Documented funding activity includes North Carolina, California, Texas, and numerous other states including Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, and additional locations nationwide.
What size grants does The Labcorp Charitable Foundation award?
In 2024, The Labcorp Charitable Foundation awarded 558 grants totaling $2.6M — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Labcorp Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Labcorp Charitable Foundation reported a distributable amount of $1000K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Labcorp Charitable Foundation's EIN?
The Labcorp Charitable Foundation's EIN (Employer Identification Number) is 81-0587320. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Labcorp Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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