The Life Light Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CENTREVILLE, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $98K in total assets. In 2024, it awarded 1 grants totaling $196K. Net investment income was $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$98K
-66.3% YoY
Annual Giving
$196K
+920.8% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$196K
+1941.6% YoY
Under IRS private-foundation payout rules, The Life Light Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About The Life Light Foundation
Based on IRS filings
The Life Light Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CENTREVILLE, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $98K in total assets. In 2024, it awarded 1 grants totaling $196K. Net investment income was $3K.
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 | $98,433 | $291,717 | $293,246 |
| Revenue | $6,482 | $25,089 | $30,189 |
| Expenses | $199,765 | $26,618 | $30,288 |
| Qualifying Distributions | $195,925 | $19,193 | $17,000 |
| Net Investment Income | $2,642 | $2,386 | $1,233 |
| Distributable Amount | $16,236 | $15,888 | $16,813 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Investments Chartiable Gift Fund ($195,925).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY INVESTMENTS CHARTIABLE GIFT FUND BOSTON, MA | TRANSFERRING FUNDS TO A DONOR ADVISED FUND. | $195,925 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAMELA R WEBB | TRUSTEE | 0.25 | — |
| JASON DRAKOPOULOS | TRUSTEE | 0.05 | — |
| KIMBERLY DRAKOPOULOS | TRUSTEE | 0.5 | — |
| JON FARMELO | TRUSTEE | 0.05 | — |
| JENNIFER FARMELO | TRUSTEE | 0.05 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Life Light Foundation?
The Life Light Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CENTREVILLE, VA. It holds $98K in total assets as of 2024.
How large is The Life Light Foundation?
As of 2024, The Life Light Foundation holds $98K in total assets with $6K in annual revenue. It awarded 1 grants totaling $196K in 2024.
Where does The Life Light Foundation operate?
The Life Light Foundation has awarded grants in Colorado, Massachusetts, North Carolina, Virginia.
What size grants does The Life Light Foundation award?
In 2024, The Life Light Foundation awarded 1 grants totaling $196K — an average of about $196K per grant, based on its IRS Form 990 filings.
How much is The Life Light Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Life Light Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Life Light Foundation's EIN?
The Life Light Foundation's EIN (Employer Identification Number) is 26-1619601. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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