The Laura Foundation

Foundation · Grantmaker Springfield, NJ EIN: 22-3699416

The Laura Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Springfield, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 11 grants totaling $83K. Net investment income was $70K.

Key facts about The Laura Foundation

EIN: 22-3699416
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $83,300
Grants made (2024): 11
Average grant: $7,573
Median grant: $330
Total assets: $1,498,718
Primary geography: Tennessee (96% of itemized 2024 grant dollars)

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

Who The Laura Foundation funds

By grant dollars, the top recipient states for The Laura Foundation's 11 itemized 2024 grants were Tennessee (96%). The most frequent recipient cities were Oldwick, NJ (10 grants). None of its 11 grants with a stated purpose were described as general or operating support. Recurring purposes include "Therapeudic Riding Sessions" (10 grants).

How The Laura Foundation gives

Giving grew 429% from 2021 to 2024. Method
In 2024 it paid out 111% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Laura Foundation

How to evaluate The Laura Foundation as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5M

-1.1% YoY

Annual Giving

$83K

-93.0% YoY

Grant Count

-47.6% YoY

Avg Grant Size

$8K

-86.6% YoY

Under IRS private-foundation payout rules, The Laura Foundation reported a distributable amount of $75K for 2024 — the minimum it must pay out in qualifying distributions.

About The Laura Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $80K (96%)

New Jersey $3K (4%)

Share of all 11 itemized 2024 grant dollars.

States

California Illinois Kentucky New Jersey Pennsylvania Tennessee

Cities

OldwickMemphisPhiladelphiaMorristownEastonLexingtonMendhamMontclairMontgomeryRedwoodRidgewood

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,498,718	$1,514,937	$75,262
Revenue	$70,366	$2,628,550	$50,000
Expenses	$86,585	$1,188,875	$4,517
Qualifying Distributions	$83,300	$1,188,830	$4,375
Net Investment Income	$70,366	$28,550	—
Distributable Amount	$75,269	$44,104	$1,486

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

50 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include St Jude Childrens Research ($80,000), Mane Stream ($3,300 across 10 grants).

Recipient	Purpose	Amount
ST JUDE CHILDRENS RESEARCH Memphis, TN	DONATION	$80,000
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$440
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$440
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$440
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$330
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$330
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$330
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$330
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$220
MANE STREAM Oldwick, NJ	THERAPEUDIC RIDING SESSIONS	$220

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Denise Apicella	Trustee	—	—
Guy Apicella	Trustee	—	—
Michelle Ginter	Trustee	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Laura Foundation?

The Laura Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Springfield, NJ. It holds $1.5M in total assets as of 2024.

How large is The Laura Foundation?

As of 2024, The Laura Foundation holds $1.5M in total assets with $70K in annual revenue. It awarded 11 grants totaling $83K in 2024.

Where does The Laura Foundation operate?

The Laura Foundation has awarded grants in California, Illinois, Kentucky, New Jersey, Pennsylvania, Tennessee.

What size grants does The Laura Foundation award?

In 2024, The Laura Foundation awarded 11 grants totaling $83K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is The Laura Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Laura Foundation reported a distributable amount of $75K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.