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.
The Lexington Foundation at a glance
In short: The Lexington Foundation gave $81K across 4 grants in 2024 (avg $20K), mostly in Mississippi. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $80,806
- -30.1% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $20,202
- -30.1% vs 2023
- Median grant
- $12,401
- Total assets
- $1,338,990
- -5.1% vs 2023
- Primary geography
- Mississippi (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Lexington Foundation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
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.
Grants by year
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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,338,990 | $129,595 | $202,291 | $80,806 | 4 | $83,624 | — | $70,881 |
| 2023 | $1,411,687 | $139,842 | $209,507 | $115,590 | 4 | $116,466 | — | $67,684 |
| 2022 | $1,481,350 | $83,028 | $124,568 | $39,119 | 4 | $40,381 | — | $71,413 |
| 2021 | $1,522,891 | $59,479 | $137,466 | $71,208 | 5 | $71,869 | — | — |
| 2020 | $1,601,238 | $495,286 | $107,136 | $47,864 | 7 | — | $25,904 | — |
| 2019 | $1,235,034 | $107,449 | $121,464 | $56,140 | 6 | — | $13,010 | — |
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.
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.
Data update history
(7)
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
Live grants for the work The Lexington Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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