The Legacy of Stipe Foundation Inc
The Legacy of Stipe Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHENS, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34K in total assets. In 2024, it awarded 2 grants totaling $17K. Net investment income was $22K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$34K
+19.1% YoY
Annual Giving
$17K
-67.7% YoY
Grant Count
2
-81.8% YoY
Avg Grant Size
$9K
+77.8% YoY
Under IRS private-foundation payout rules, The Legacy of Stipe Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About The Legacy of Stipe Foundation Inc
Based on IRS filings
The Legacy of Stipe Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHENS, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34K in total assets. In 2024, it awarded 2 grants totaling $17K. Net investment income was $22K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,210 | $28,722 | $36,129 |
| Revenue | $49,146 | $94,020 | $142 |
| Expenses | $21,066 | $58,059 | $41,179 |
| Qualifying Distributions | $17,000 | $52,595 | $37,000 |
| Net Investment Income | $21,666 | $41,764 | — |
| Distributable Amount | $1,653 | $648 | $3,214 |
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
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include World Central Kitchen ($12,000), Matt Talbot Center ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| WORLD CENTRAL KITCHEN WASHINGTON, DC | EMERGENCY FOOD RELIEF | $12,000 |
| MATT TALBOT CENTER SEATTLE, WA | ADDICTION RECOVERY | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J MICHAEL STIPE | PRESIDENT | — | — |
| JOHN WM STIPE JR | V. PRESIDENT | — | — |
| LYNDA LAURA STIPE | SECRETARY | — | — |
| MARIANNE H STIPE | TREASURER | — | — |
| TOM GILROY | TRUSTEE | — | — |
| CYNTHIA CORLEY | TRUSTEE | — | — |
| CARL MARTIN | TRUSTEE | — | — |
| JIM MCKAY | TRUSTEE | — | — |
| JEM ALLEN COHEN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Legacy of Stipe Foundation Inc?
The Legacy of Stipe Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATHENS, GA. It holds $34K in total assets as of 2024.
How large is The Legacy of Stipe Foundation Inc?
As of 2024, The Legacy of Stipe Foundation Inc holds $34K in total assets with $49K in annual revenue. It awarded 2 grants totaling $17K in 2024.
Where does The Legacy of Stipe Foundation Inc operate?
The Legacy of Stipe Foundation Inc has awarded grants in California, District of Columbia, Georgia, New Jersey, New York, Washington.
What size grants does The Legacy of Stipe Foundation Inc award?
In 2024, The Legacy of Stipe Foundation Inc awarded 2 grants totaling $17K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Legacy of Stipe Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Legacy of Stipe Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Legacy of Stipe Foundation Inc's EIN?
The Legacy of Stipe Foundation Inc's EIN (Employer Identification Number) is 58-2601554. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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