The Lipsey Family Foundation
The Lipsey Family Foundation is a private foundation focused on Human Services, based in Baton Rouge, LA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 4 grants totaling $80K. Net investment income was $67K.
The Lipsey Family Foundation at a glance
In short: The Lipsey Family Foundation gave $80K across 4 grants in 2024 (avg $20K), mostly in Louisiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $80,000
- -11.1% vs 2023
- Grants made (2024)
- 4
- -42.9% vs 2023
- Average grant
- $20,000
- +55.6% vs 2023
- Median grant
- $11,250
- Total assets
- $1,869,929
- +98.0% vs 2023
- Primary geography
- Louisiana (81% 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 Lipsey Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Friends of La Key Academy ($50K). Together the top 4 received $80K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 10 grants of 11 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Lipsey Family Foundation gives
- In 2024 it paid out 117% 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 2023 to 2024, annual grant giving ranged from $80K (2024) to $90K (2023). In 2024 it made 4 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of La Key Academy Baton Rouge, LA | To provide funds to support organization that supports children with dyslexia. | $50,000 |
| Health Network Foundation Pepper Pike, OH | To provide funds to support organization that connect business leaders with leading hospitals and fund research that advances medical care. | $15,000 |
| Of Moving Colors Baton Rouge, LA | To Provide Funds to Support Dance Theatre Organization. | $7,500 |
| Teach for America Baton Rouge, LA | To provide funds to support an organization that works towards educational excellence and equity for all children. | $7,500 |
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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 | $1,869,929 | $1,006,989 | $83,322 | $80,000 | 4 | $80,000 | $66,989 | $68,372 |
| 2023 | $944,384 | $1,034,611 | $90,550 | $90,000 | 7 | $90,000 | $34,612 | $22,774 |
Under IRS private-foundation payout rules, The Lipsey Family Foundation reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lipsey Family Foundation is led by Richard Lipsey, President on every filing since 2021; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard Lipsey
President
On filings since 2021
No compensation reported
Laurie Aronson
Treasurer
On filings since 2021
No compensation reported
Susan Lipsey
Secretary
On filings since 2021
No compensation reported
Wendy Lipsey
Vice President
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Lipsey Family Foundation
How much does The Lipsey Family Foundation give each year?
The Lipsey Family Foundation gave $80K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $90K across 7 grants.
What is The Lipsey Family Foundation's typical grant size?
The Lipsey Family Foundation's median grant in 2024 was $11,250, and its average grant was $20,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Lipsey Family Foundation give grants?
The Lipsey Family Foundation gives mostly in Louisiana: 81% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Ohio (19%). The most frequent recipient cities were Baton Rouge, LA (3 grants).
Does The Lipsey Family Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The Lipsey Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Lipsey Family Foundation?
The Lipsey Family Foundation reported $1.9M in total assets on its 2024 IRS Form 990-PF. It paid out $80K in qualifying distributions that year, against a required minimum of $68K (roughly 5% of its investment assets).
What is The Lipsey Family Foundation?
The Lipsey Family Foundation is a private foundation focused on Human Services, based in Baton Rouge, LA. It holds $1.9M in total assets as of 2024.
What is The Lipsey Family Foundation's EIN?
The Lipsey Family Foundation's EIN (Employer Identification Number) is 87-3114985. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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