The Lancelotta Foundation Inc is a private foundation focused on Arts and culture, based in ELLICOTT CITY, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 32 grants totaling $125K. Net investment income was $605K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+54.1% YoY
Annual Giving
$125K
-7.8% YoY
Grant Count
32
-13.5% YoY
Avg Grant Size
$4K
+6.6% YoY
Under IRS private-foundation payout rules, The Lancelotta Foundation Inc reported a distributable amount of $160K for 2024 — the minimum it must pay out in qualifying distributions.
About The Lancelotta Foundation Inc
Based on IRS filings
The Lancelotta Foundation Inc is a private foundation focused on Arts and culture, based in ELLICOTT CITY, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 32 grants totaling $125K. Net investment income was $605K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,446,979 | $938,903 | $987,478 |
| Revenue | $632,676 | $86,525 | $87,132 |
| Expenses | $124,600 | $135,100 | $142,600 |
| Qualifying Distributions | $151,865 | $161,310 | $167,431 |
| Net Investment Income | $604,925 | $84,790 | $83,761 |
| Distributable Amount | $160,476 | $143,845 | $160,077 |
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
206 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Our Lady's Center Inc ($18,000), Mt St Joseph High School ($10,600), Associated Italian American Charities ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADULT CONGENITAL HEART ASSOCIATION MEDIA, PA | GENERAL SUPPORT | $2,500 |
| ALL NATIONS COMMUNITY SCHOOL CONROE, TX | GENERAL SUPPORT | $1,000 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | GENERAL SUPPORT | $2,000 |
| ASSOCIATED ITALIAN AMERICAN CHARITIES ELLICOTT CITY, MD | GENERAL SUPPORT | $10,000 |
| ASSOCIATEION OF THE MIRACULOUS MEDAL PERRYVILLE, MO | GENERAL SUPPORT | $3,000 |
| BELIEVE IN TOMORROW'S CHILDREN CATONSVILLE, MD | GENERAL SUPPORT | $2,000 |
| BIKE TO BEACH CO ADD IMPACT NETWORK WASHINGTON, DC | GENERAL SUPPORT | $1,000 |
| BRIDGING LIFE WESTMINSTER, MD | GENERAL SUPPORT | $2,500 |
| CARROLL COUNTY COMMUNITY COLLEGE FOUNDATION WESTMINSTER, MD | GENERAL SUPPORT | $2,000 |
| CARROLL COUNTY FOOD SUNDAY WESTMINSTER, MD | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICHOLAS M PIRONE III | PRESIDENT | 2 | — |
| FRANK R LANCELOTTA III | VICE PRESIDENT | 1 | — |
| JOHN M LANCELOTTA | VICE PRESIDENT | 1 | — |
| MARY FRANCES HASKELL | TREASURER | 2 | — |
| JEANNIE HOYT | SECRETARY | 1 | — |
| THERESA PIRONE | DIRECTOR | 1 | — |
| ROBERT J LANCELOTTA SR | DIRECTOR | 1 | — |
| CATHERINE A LANCELOTTA | DIRECTOR | 1 | — |
| M PATRICIA LAUDERDALE | DIRECTOR | 1 | — |
| ROBERT J LANCELOTTA JR | DIRECTOR | 1 | — |
| DEEDEE LANCELOTTA | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Lancelotta Foundation Inc?
The Lancelotta Foundation Inc is a private foundation focused on Arts and culture, based in ELLICOTT CITY, MD. It holds $1.4M in total assets as of 2024.
How large is The Lancelotta Foundation Inc?
As of 2024, The Lancelotta Foundation Inc holds $1.4M in total assets with $633K in annual revenue. It awarded 32 grants totaling $125K in 2024.
Where does The Lancelotta Foundation Inc operate?
The Lancelotta Foundation Inc has awarded grants in Alabama, Arkansas, California, District of Columbia, Florida, Illinois, Kansas, Maryland, Missouri, Montana, Nebraska, New York, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Wisconsin.
What size grants does The Lancelotta Foundation Inc award?
In 2024, The Lancelotta Foundation Inc awarded 32 grants totaling $125K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Lancelotta Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lancelotta Foundation Inc reported a distributable amount of $160K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Lancelotta Foundation Inc's EIN?
The Lancelotta Foundation Inc's EIN (Employer Identification Number) is 52-1558269. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Lancelotta Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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