The Legacy of Stipe Foundation Inc
The Legacy of Stipe Foundation Inc is a private foundation, based in Athens, GA. IRS filing data is available from 2020 through 2025. In 2025, it awarded 3 grants totaling $24K.
The Legacy of Stipe Foundation Inc at a glance
In short: The Legacy of Stipe Foundation Inc gave $24K across 3 grants in 2025 (avg $8K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $23,659
- +39.2% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $7,886
- -7.2% vs 2024
- Median grant
- $2,500
- Primary geography
- Georgia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Legacy of Stipe Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Athens Area Community Foundation ($19K). Together the top 3 received $24K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Legacy of Stipe Foundation Inc gives
- Giving fell 36% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2025, annual grant giving ranged from $15K (2021) to $53K (2023). In 2025 it made 3 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Athens Area Community Foundation Athens, GA | Community Outreach | $18,659 |
| Nuci's Space Athens, GA | Mental Health | $2,500 |
| Boybutante AIDS Foundation Inc Athens, GA | HIV/AIDS Education and Support | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $290 | $34,500 | $23,659 | 3 | $23,659 | — | $1,501 |
| 2024 | $34,210 | $49,146 | $21,066 | $17,000 | 2 | $17,000 | $21,666 | $1,653 |
| 2023 | $28,722 | $94,020 | $58,059 | $52,595 | 11 | $52,595 | $41,764 | $648 |
| 2022 | $36,129 | $142 | $41,179 | $37,000 | 3 | $37,000 | — | $3,214 |
| 2021 | $79,546 | $88 | $20,750 | $15,000 | 2 | $15,000 | — | $4,498 |
| 2020 | $100,208 | $196,881 | $31,866 | $26,920 | 6 | — | $90,986 | $2,665 |
Under IRS private-foundation payout rules, The Legacy of Stipe Foundation Inc reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Legacy of Stipe Foundation Inc is led by J. Michael Stipe, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
J. Michael Stipe
President
On filings since 2020
No compensation reported
Former officers (8)
- Former: Carl Martin (2020–2024) — Trustee
- Former: Cynthia Corley (2020–2024) — Trustee
- Former: Jem Allen Cohen (2020–2024) — Trustee
- Former: Jim McKay (2020–2024) — Trustee
- Former: John Wm Stipe Jr. (2020–2024) — V. President
- Former: Lynda Laura Stipe (2020–2024) — Secretary
- Former: Marianne H. Stipe (2020–2024) — Treasurer
- Former: Tom Gilroy (2020–2024) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 Legacy of Stipe Foundation Inc
How much does The Legacy of Stipe Foundation Inc give each year?
The Legacy of Stipe Foundation Inc gave $24K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17K across 2 grants.
What is The Legacy of Stipe Foundation Inc's typical grant size?
The Legacy of Stipe Foundation Inc's median grant in 2025 was $2,500, and its average grant was $7,886, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Legacy of Stipe Foundation Inc give grants?
The Legacy of Stipe Foundation Inc gives mostly in Georgia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Athens, GA (3 grants).
Does The Legacy of Stipe Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Legacy of Stipe Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
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 2025, 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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 4, 2026)
- IRS filings on file for fiscal years 2020–2024
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