The Lighthouse Beacon Foundation

WILMINGTON, DE EIN: 85-3247420

The Lighthouse Beacon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 36 grants totaling $447K. Net investment income was $832K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.4M

-8.4% YoY

Annual Giving

$447K

+169.0% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$12K

-10.3% YoY

Under IRS private-foundation payout rules, The Lighthouse Beacon Foundation reported a distributable amount of $146K for 2024 — the minimum it must pay out in qualifying distributions.

About The Lighthouse Beacon Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with The Lighthouse Beacon Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $1.1M (85%)

Massachusetts $200K (15%)

North Carolina $1K (0%)

States

Kentucky Massachusetts North Carolina

Cities

AndoverBarbourvilleBelfryCorbinEasternEmmalenaEvartsFrankfortHazardIrvineLexingtonLondonMoreheadMount VernonPaducahPaintsvillePikevillePinevilleSomersetStanton

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,356,427	$2,573,375	$2,848,698
Revenue	$770,779	$224,679	$2,165,234
Expenses	$989,702	$500,002	$327,737
Qualifying Distributions	$977,443	$490,788	$325,943
Net Investment Income	$831,717	$479,544	$496,156
Distributable Amount	$146,041	$166,247	$134,528

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

58 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include El Hogar Ministries Inc ($200,000), Technology Student Association Kentucky Tech ($49,210), Technology Student Association Kentucky Tech ($45,780).

Recipient	Purpose	Amount
Belfry High School Belfry, KY	Engineering Classroom Support	$4,000
Belfry Middle School Belfry, KY	VEX Robotics Program Funding	$1,400
Bell County High School Pineville, KY	TSA Program	$261
Black Mountain Elementary School Evarts, KY	General & Unrestricted (See General Explanation Attachment)	$440
CORBIN ATC BOOSTER CLUB CORPORATION CORBIN, KY	General & Unrestricted (See General Explanation Attachment)	$2,243
EL HOGAR MINISTRIES INC ANDOVER, MA	General & Unrestricted	$200,000
Estill County Area Technology Center Irvine, KY	ATC Transportation-BCTC/UK	$384
FLOYD COUNTY SCHOOL DISTRICT EASTERN, KY	FCSI Physics Program	$27,120
FLOYD COUNTY SCHOOL DISTRICT EASTERN, KY	PLTW Program Support	$2,363
Forest Hills Global Elementary Wilmington, NC	General & Unrestricted (See General Explanation Attachment)	$1,282

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Karen C Pigman	Dir, Pres	10	—
Leonard Stanley Pigman	Dir, Sec, Treas	25	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Lighthouse Beacon Foundation?

The Lighthouse Beacon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $2.4M in total assets as of 2024.

How large is The Lighthouse Beacon Foundation?

As of 2024, The Lighthouse Beacon Foundation holds $2.4M in total assets with $771K in annual revenue. It awarded 36 grants totaling $447K in 2024.

Where does The Lighthouse Beacon Foundation operate?

The Lighthouse Beacon Foundation has awarded grants in Kentucky, Massachusetts, North Carolina.

What size grants does The Lighthouse Beacon Foundation award?

In 2024, The Lighthouse Beacon Foundation awarded 36 grants totaling $447K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is The Lighthouse Beacon Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lighthouse Beacon Foundation reported a distributable amount of $146K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Lighthouse Beacon Foundation's EIN?

The Lighthouse Beacon Foundation's EIN (Employer Identification Number) is 85-3247420. IRS Form 990 filing data is available on this page for 2020–2024.