The Lionel Richie Foundation
The Lionel Richie Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 1 grants totaling $2K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23K
+75.6% YoY
Annual Giving
$2K
-79.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2K
-79.7% YoY
Under IRS private-foundation payout rules, The Lionel Richie Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About The Lionel Richie Foundation
Based on IRS filings
The Lionel Richie Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $23K in total assets. In 2024, it awarded 1 grants totaling $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $22,645 | $12,896 | $7,997 |
| Revenue | $15,371 | $7,129 | $16,848 |
| Expenses | $2,835 | $11,233 | $13,437 |
| Qualifying Distributions | $2,150 | $10,592 | $12,934 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,123 | $640 | $394 |
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
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include We Are the World 25 for Haiti Inc ($2,150).
| Recipient | Purpose | Amount |
|---|---|---|
| WE ARE THE WORLD 25 FOR HAITI INC ENCINO, CA | Charitable Contribution | $2,150 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LIONEL RICHIE | PRESIDENT | — | — |
| MILTON C DAVIS | VICE PRESIDENT | — | — |
| RONALD E NASH | SECRETARY/TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Lionel Richie Foundation?
The Lionel Richie Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOS ANGELES, CA. It holds $23K in total assets as of 2024.
How large is The Lionel Richie Foundation?
As of 2024, The Lionel Richie Foundation holds $23K in total assets with $15K in annual revenue. It awarded 1 grants totaling $2K in 2024.
Where does The Lionel Richie Foundation operate?
The Lionel Richie Foundation has awarded grants in California, New York.
What size grants does The Lionel Richie Foundation award?
In 2024, The Lionel Richie Foundation awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Lionel Richie Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lionel Richie Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Lionel Richie Foundation's EIN?
The Lionel Richie Foundation's EIN (Employer Identification Number) is 27-3522456. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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