The Lexington Foundation
The Lexington Foundation is a private foundation, based in Lexington, MS. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 4 grants totaling $81K.
Key facts about The Lexington Foundation
In short: The Lexington Foundation gave $81K across 4 grants in 2024 (avg $20K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- EIN
- 64-0912814
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $80,806
- Grants made (2024)
- 4
- Average grant
- $20,202
- Median grant
- $12,401
- Total assets
- $1,338,990
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-5.1% YoY
Annual Giving
$81K
-30.1% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$20K
-30.1% YoY
Under IRS private-foundation payout rules, The Lexington Foundation reported a distributable amount of $71K for 2024 — the minimum it must pay out in qualifying distributions.
How The Lexington Foundation gives
- Giving held roughly steady from 2021 to 2024 (+13%). Method
- In 2024 it paid out 118% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $39K (2022) to $116K (2023). In 2024 it made 4 grants totaling $81K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Schools & Educ Orgn's Various ($54K). Together the top 3 received $73K.
Organizations only. It also paid 1 grant to individuals ($7,500), which are not listed by name.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 22 grants of 24 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schools & Educ Orgn's Various Lexington, MS | Fund Educ Programs | $54,005 |
| Direct Aid to Community Varous Lexington, MS | Aid to Community Members | $17,301 |
| 1 grant to individuals Recipients not named | — | $7,500 |
| Individual School Ministries Outreach & Technology Lexington, MS | Scholarships | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,338,990 | $1,411,687 | $1,481,350 |
| Revenue | $129,595 | $139,842 | $83,028 |
| Expenses | $202,291 | $209,507 | $124,568 |
| Qualifying Distributions | $83,624 | $116,466 | $40,381 |
| Distributable Amount | $70,881 | $67,684 | $71,413 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Lexington Foundation is led by Carolyn S. Myrick, Executive Director on every filing since 2019; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Carolyn S. Myrick
Executive Director
On filings since 2019
0.5 hrs/week
$600 (2020) → $600 (2024)
Katherine Barrett Riley
President
On filings since 2019
No compensation reported
Richard Barrett
Director
On filings since 2019
No compensation reported
Matthew L. Riley
Secretary
Secretary & Treasurer → Secretary, 2022
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $600, to Carolyn S Myrick (Exec Directo).
Frequently asked questions about The Lexington Foundation
How much does The Lexington Foundation give each year?
The Lexington Foundation gave $81K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $116K across 4 grants.
What is The Lexington Foundation's typical grant size?
The Lexington Foundation's median grant in 2024 was $12,401, and its average grant was $20,202, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Lexington Foundation give grants?
The Lexington Foundation gives mostly in Mississippi: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lexington, MS (3 grants).
Does The Lexington Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The Lexington Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Lexington Foundation?
The Lexington Foundation reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $84K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets).
What is The Lexington Foundation's EIN?
The Lexington Foundation's EIN (Employer Identification Number) is 64-0912814. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Lexington Foundation by hand.
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