The Larose Foundation Inc
The Larose Foundation Inc is a private foundation, based in Greensboro, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $338K in total assets. In 2024, it awarded 3 grants totaling $44K. Net investment income was $16K.
The Larose Foundation Inc at a glance
In short: The Larose Foundation Inc gave $44K across 3 grants in 2024 (avg $15K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $44,000
- -12.0% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $14,667
- +17.3% vs 2023
- Median grant
- $15,000
- Total assets
- $338,210
- -7.6% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Larose Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Meat Camp Volunteer Fire Department ($15K). Together the top 3 received $44K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How The Larose Foundation Inc gives
- Giving fell 33% from 2021 to 2024. Method
- In 2024 it paid out 198% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $44K (2024) to $110K (2020). In 2024 it made 3 grants totaling $44K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Meat Camp Volunteer Fire Department Boone, NC | Fire & Rescue Services Support | $15,000 |
| Beech Mountain Community Development Elk Park, NC | Community Development | $15,000 |
| Samaritans Purse Boone, NC | Community Support | $14,000 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $338,210 | $26,771 | $54,686 | $44,000 | 3 | $44,000 | $16,085 | $22,191 |
| 2023 | $366,125 | $45,206 | $59,908 | $50,000 | 4 | $50,000 | $10,590 | $20,875 |
| 2022 | $380,827 | $8,116 | $5,419 | — | — | — | $3,426 | $20,342 |
| 2021 | $378,130 | $38,465 | $78,138 | $66,000 | 10 | $66,000 | $26,327 | $25,438 |
| 2020 | $417,801 | $27,932 | $121,458 | $109,500 | 9 | — | $15,974 | $25,166 |
Under IRS private-foundation payout rules, The Larose Foundation Inc reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Larose Foundation Inc is led by Thomas W. Larose, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas W. Larose
President
On filings since 2020
No compensation reported
Jason Sparrow
Chairperson
On filings since 2020
No compensation reported
Donald Sparrow
Director
On filings since 2020
No compensation reported
Chuck Furr
Treasurer
On filings since 2020
No compensation reported
Eva Jordan
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 Larose Foundation Inc
How much does The Larose Foundation Inc give each year?
The Larose Foundation Inc gave $44K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $50K across 4 grants.
What is The Larose Foundation Inc's typical grant size?
The Larose Foundation Inc's median grant in 2024 was $15,000, and its average grant was $14,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Larose Foundation Inc give grants?
The Larose Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boone, NC (2 grants).
Does The Larose Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The Larose Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Larose Foundation Inc?
The Larose Foundation Inc reported $338K in total assets on its 2024 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
What is The Larose Foundation Inc's EIN?
The Larose Foundation Inc's EIN (Employer Identification Number) is 47-1350949. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 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 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 8, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 29, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Larose Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Larose Foundation Inc's focus areas in our free grants database
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