The Loats Foundation Inc
The Loats Foundation Inc is a private foundation focused on Education, based in Frederick, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 16 grants totaling $200K. Net investment income was $353K.
Key facts about The Loats Foundation Inc
In short: The Loats Foundation Inc gave $200K across 16 grants in 2025 (avg $13K), mostly in Maryland. 6% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 52-0610535
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $200,000
- Grants made (2025)
- 16
- Average grant
- $12,500
- Median grant
- $8,500
- New grantees (estimate)
- 6% first-time grantees (1 of 16, 2025)
- Total assets
- $4,482,799
- Primary geography
- Maryland (96% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Quick answers about The Loats Foundation Inc
How much does The Loats Foundation Inc give each year?
The Loats Foundation Inc gave $200K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $200K across 16 grants.
What is The Loats Foundation Inc's typical grant size?
The Loats Foundation Inc's median grant in 2025 was $8,500, and its average grant was $12,500, across 16 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Loats Foundation Inc that year got $9K on average.
Where does The Loats Foundation Inc give grants?
The Loats Foundation Inc gives mostly in Maryland: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Frederick, MD (7 grants), Westminster, MD (2 grants) and Emmitsburg, MD (2 grants).
Does The Loats Foundation Inc give general operating support?
Not in 2025: none of the 16 grants with a stated purpose on The Loats Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Provide Scholarship Funding" (11 grants) and "Support Activities and Mission" (3 grants).
Who are The Loats Foundation Inc's largest grantees?
The Loats Foundation Inc's largest 2025 grantees include Frederick Comm College Fndn Inc ($60,000), Hood College ($21,000) and Frostburg State University Fndn Inc ($20,000), according to its 2025 IRS Form 990-PF. Together they received 51% of its itemized 2025 grant dollars.
Is The Loats Foundation Inc open to new grantees?
6%
first-time grantees, 2025
In 2025, 1 of 16 grantees (6%) were first-time recipients. First grants averaged $9K; repeat grants $13K. How we count
Medians: $9K first-time, $8K repeat.
- 94% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Loats Foundation Inc
- How to evaluate The Loats Foundation Inc as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.5M
+6.4% YoY
Annual Giving
$200K
+0.0% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$13K
+0.0% YoY
Under IRS private-foundation payout rules, The Loats Foundation Inc reported a distributable amount of $209K for 2025 — the minimum it must pay out in qualifying distributions.
About The Loats Foundation Inc
Based on IRS filings
The Loats Foundation Inc is a private foundation focused on Education, based in Frederick, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 16 grants totaling $200K. Net investment income was $353K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,482,799 | $4,214,177 | $3,843,800 |
| Revenue | $382,321 | $77,075 | $48,340 |
| Expenses | $228,876 | $230,676 | $250,350 |
| Qualifying Distributions | $200,000 | $200,000 | $222,000 |
| Net Investment Income | $353,445 | $154,033 | $151,680 |
| Distributable Amount | $209,250 | $195,979 | $173,979 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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 2025
Grant Size Distribution
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| FREDERICK COMM COLLEGE FNDN INC Frederick, MD | PROVIDE SCHOLARSHIPS & SUPPORT ORG | $60,000 |
| HOOD COLLEGE Frederick, MD | PROVIDE SCHOLARSHIP FUNDING | $21,000 |
| FROSTBURG STATE UNIVERSITY FNDN INC Frostburg, MD | PROVIDE SCHOLARSHIP FUNDING | $20,000 |
| MCDANIEL COLLEGE Westminster, MD | PROVIDE SCHOLARSHIP FUNDING | $13,000 |
| MOTHER SETON SCHOOL Emmitsburg, MD | PROVIDE SCHOLARSHIP FUNDING | $12,000 |
| WEE FOLK SCHOOL Frederick, MD | PROVIDE SCHOLARSHIP FUNDING | $12,000 |
| MOUNT SAINT MARY'S UNIVERSITY Emmitsburg, MD | PROVIDE SCHOLARSHIP FUNDING | $9,000 |
| SHEPHERD UNIVERSITY FOUNDATION Shepherdstown, WV | PROVIDE SCHOLARSHIP FUNDING | $9,000 |
| CARROLL COMMUNITY COLLEGE Westminster, MD | PROVIDE SCHOLARSHIP FUNDING | $8,000 |
| MENTAL HEALTH ASSOC OF FRED CO MD Frederick, MD | SUPPORT ACTIVITIES AND MISSION | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
The Loats Foundation Inc is led by Paul Baglyos, President on every filing since 2022; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Paul Baglyos
President
On filings since 2022
No compensation reported
Kathleen A. Costlow
Director
On filings since 2020
No compensation reported
K. Alan Perdue
Director
On filings since 2022
No compensation reported
Joanne Baum
Director
On filings since 2024
No compensation reported
Barbara Brittain
Vice President
Director → Vice President, 2021
On filings since 2020
No compensation reported
C. Richard Miller Jr.
Treasurer
On filings since 2020
No compensation reported
Lorraine M. B. Prete
Resident Agent
Director → Resident Agent, 2021
On filings since 2020
No compensation reported
Marcia Hahn
Secretary
New on the 2025 filing
No compensation reported
Former officers (4)
- Former: Marsha Hahn (2024) — Secretary
- Former: Helen G. Hahn (2020–2023) — Secretary
- Former: Douglas Jones (2020–2021) — President
- Former: Alan Perdue (2021) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Loats Foundation Inc?
The Loats Foundation Inc is a private foundation focused on Education, based in Frederick, MD. It holds $4.5M in total assets as of 2025.
How large is The Loats Foundation Inc?
As of 2025, The Loats Foundation Inc holds $4.5M in total assets with $382K in annual revenue. It awarded 16 grants totaling $200K in 2025.
How much is The Loats Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Loats Foundation Inc reported a distributable amount of $209K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Loats Foundation Inc's EIN?
The Loats Foundation Inc's EIN (Employer Identification Number) is 52-0610535. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.