The Leg up Foundation

Foundation · Grantmaker Charlottesville, VA EIN: 88-0583535

The Leg up Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlottesville, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 6 grants totaling $71K. Net investment income was $72K.

Key facts about The Leg up Foundation

EIN: 88-0583535
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $71,000
Grants made (2024): 6
Average grant: $11,833
Median grant: $11,750
Total assets: $1,979,927
Primary geography: Virginia (82% of itemized 2024 grant dollars)

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

Who The Leg up Foundation funds

By grant dollars, the top recipient states for The Leg up Foundation's 6 itemized 2024 grants were Virginia (82%) and North Carolina (18%). The most frequent recipient cities were Charlottesville, VA (2 grants). 83% of grants with a stated purpose were for general or operating support.

How The Leg up Foundation gives

In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.0M

+101.8% YoY

Annual Giving

$71K

+57.8% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$12K

+110.4% YoY

Under IRS private-foundation payout rules, The Leg up Foundation reported a distributable amount of $73K for 2024 — the minimum it must pay out in qualifying distributions.

About The Leg up 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

Virginia $59K (82%)

North Carolina $13K (18%)

Share of all 6 itemized 2024 grant dollars.

States

Maine North Carolina Virginia

Cities

CharlottesvilleRichmondNags HeadAftonCharlottesviulleS Thomaston

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,979,927	$981,320	$10,000
Revenue	$1,074,841	$1,017,945	$10,000
Expenses	$76,234	$46,625	—
Qualifying Distributions	$73,500	$45,500	—
Net Investment Income	$72,341	$16,820	—
Distributable Amount	$73,415	$17,700	$21

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Hopes Legacy Equine Rescue Inc ($15,000), Outer Banks Hotline ($12,500), Service Dogs of Virginia ($12,500).

Recipient	Purpose	Amount
HOPES LEGACY EQUINE RESCUE INC Afton, VA	PROVIDE FUNDING FOR GENERAL SUPPORT	$15,000
OUTER BANKS HOTLINE Nags Head, NC	PROVIDE GENERAL SUPPORT TO HELP CARRY OUT MISSION	$12,500
SERVICE DOGS OF VIRGINIA Charlottesville, VA	PROVIDE GENERAL ASSISTANCE TO HELP CARRY OUT MISSION	$12,500
CHARLOTTESVILLE UNITED FOR PUBLIC EDUCATION Charlottesville, VA	PROVIDE GENERAL SUPPORT IN CARRYING OUT MISSION	$11,000
BLUE SKY FUND Richmond, VA	PROVIDE FUNDS TO ASSIST IN CARRYING OUT MISSION	$10,000
INTERNATIONAL NEIGHBORS Charlottesviulle, VA	PROVIDE FUNDING FOR GENERAL SUPPORT	$10,000

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
Anne Hormel	Chairman	1	—
Heather Hormel Miller	Vice President	1	—
Aven Hormel Kinley	Secretary	1	—
J Randolph Taylor	Treasurer	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Leg up Foundation?

The Leg up Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Charlottesville, VA. It holds $2.0M in total assets as of 2024.

How large is The Leg up Foundation?

As of 2024, The Leg up Foundation holds $2.0M in total assets with $1.1M in annual revenue. It awarded 6 grants totaling $71K in 2024.

Where does The Leg up Foundation operate?

The Leg up Foundation has awarded grants in Maine, North Carolina, Virginia.

What size grants does The Leg up Foundation award?

In 2024, The Leg up Foundation awarded 6 grants totaling $71K — an average of about $12K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Leg up Foundation reported a distributable amount of $73K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.