The Leeps Foundation Inc

Foundation · Grantmaker Roanoke, VA EIN: 54-1975226

The Leeps Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Roanoke, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $816K in total assets. In 2024, it awarded 27 grants totaling $81K. Net investment income was $75K.

Key facts about The Leeps Foundation Inc

EIN: 54-1975226
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $80,882
Grants made (2024): 27
Average grant: $2,996
Median grant: $1,732
New grantees (estimate): 7% first-time grantees (2 of 27, 2024)
Total assets: $816,177
Primary geography: Virginia (87% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who The Leeps Foundation Inc funds

By grant dollars, the top recipient states for The Leeps Foundation Inc's 27 itemized 2024 grants were Virginia (87%) and North Carolina (10%). The most frequent recipient cities were Virginia Beach, VA (2 grants). 4% of grants with a stated purpose were for general or operating support.

Is The Leeps Foundation Inc open to new grantees?

first-time grantees, 2024

In 2024, 2 of 27 grantees (7%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count

Medians: $2K first-time, $2K repeat.

59% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+13%). Method
In 2024 it paid out 166% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$816K

-1.1% YoY

Annual Giving

$81K

+15.5% YoY

Grant Count

+22.7% YoY

Avg Grant Size

$3K

-5.9% YoY

Under IRS private-foundation payout rules, The Leeps Foundation Inc reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.

About The Leeps Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $70K (87%)

North Carolina $8K (10%)

South Carolina $2K (3%)

Share of all 27 itemized 2024 grant dollars.

States

North Carolina South Carolina Virginia

Cities

AshlandVirginia BeachChesapeakeGastoniaLexingtonMontereyRaleighRoanokeBuckinghamForestMt HollyStauntonToanoYorkAmelia Court HouseBoones MillCliftonFarmvilleGreat FallsHenry

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$816,177	$825,575	$802,869
Revenue	$83,440	$102,944	$26,517
Expenses	$94,210	$81,013	$80,636
Qualifying Distributions	$83,227	$72,227	$72,008
Net Investment Income	$74,622	$94,814	$20,423
Distributable Amount	$50,018	$48,339	$52,410

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 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 10 recipients in 2024

Grant Size Distribution

121 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Hoofbeats Therapeutic Riding Center Inc ($35,000), Wings of Hope Ranch ($4,500), Bit of Hope Ranch Inc ($2,500).

Recipient	Purpose	Amount
HOOFBEATS THERAPEUTIC RIDING CENTER INC Lexington, VA	FUNDING FOR CHARITABLE & OPERATING PURPOSES.	$35,000
WINGS OF HOPE RANCH Ashland, VA	PROVIDE VIDEOS OF ECRM SESSIONS & CREATE ONLINE TRAINING LIBRARY	$4,500
BIT OF HOPE RANCH INC Gastonia, NC	PARTIAL FUNDING FOR SURE HANDS LIFT TO HELP RIDERS MOUNT UP	$2,500
GLORY REINS RANCH Farmville, VA	BUY RAILING AND GATES FOR NEW COVERED AREA AND WATERER	$2,500
RISEN RIDGE MINISTRY Stuarts Draft, VA	PAY FOR BBEAP TRAINING FOR 5 AND ECRM CONFERENCE	$2,500
SHEPARD YOUTH RANCH Creedmoor, NC	8 WK VETERAN PILOT PROGRAM - 20 VETS FOR PTSD-NC VETERANS FOR LIFE CTS. SYR STARTED 2003; SERVED 8000 PEOPLE; RESCUED 13 HORSES, TRAINED 400 PEOPLE IN BBEAP (SHEPARD ACADEMY SERVICE FOR TRAUMA AND MH	$2,500
BRIGHT SIDE YOUTH RANCH York, SC	LIGHTING FOR OUTDOOR ARENA	$2,450
BROOK HILL RETIREMENT CENTER FOR HORSES Forest, VA	HELP TO HIRE NEW CTRI INSTRUCTOR TO SERVE MORE YOUTH IN MH CRISIS.	$2,000
HOPE REINS Raleigh, NC	SPONSOR A CHILD FOR 1 YEAR INTENSE EA TRAUMA TREATMENT	$2,000
HOPETREE FAMILY SERVICES Salem, VA	HORSE SPONSORSHIP FUNDS-FOOD & BOARD FOR 1-2 HORSES>8-10 PEOPLE EAP PROGRAM FOR CHILDREN WITH TRAUMA	$2,000

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
Patricia V Cunningham	President	0.5	—
Susan T Showfety	Treasurer	—	—
Michael Branscome	Board Member	—	—
Steven H Cunningham	Vice President	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Leeps Foundation Inc?

The Leeps Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Roanoke, VA. It holds $816K in total assets as of 2024.

How large is The Leeps Foundation Inc?

As of 2024, The Leeps Foundation Inc holds $816K in total assets with $83K in annual revenue. It awarded 27 grants totaling $81K in 2024.

Where does The Leeps Foundation Inc operate?

The Leeps Foundation Inc has awarded grants in North Carolina, South Carolina, Virginia.

What size grants does The Leeps Foundation Inc award?

In 2024, The Leeps Foundation Inc awarded 27 grants totaling $81K — an average of about $3K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leeps Foundation Inc reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.