The Lookout Foundation

Foundation · Grantmaker Greensboro, NC EIN: 56-2173641

The Lookout Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greensboro, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $246K in total assets. In 2024, it awarded 7 grants totaling $33K. Net investment income was $12K.

Key facts about The Lookout Foundation

EIN: 56-2173641
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $33,029
Grants made (2024): 7
Average grant: $4,718
Median grant: $1,000
Total assets: $246,487
Primary geography: New York (77% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Lookout Foundation funds

By grant dollars, the top recipient states for The Lookout Foundation's 7 itemized 2024 grants were New York (77%), North Carolina (15%) and Missouri (8%). The most frequent recipient cities were Chapel Hill, NC (2 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Assist the Org with Their Mission" (7 grants).

How The Lookout Foundation gives

Giving fell 44% from 2021 to 2024. Method
In 2024 it paid out 269% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with The Lookout Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$246K

-8.6% YoY

Annual Giving

$33K

+312.9% YoY

Grant Count

+600.0% YoY

Avg Grant Size

$5K

-41.0% YoY

Under IRS private-foundation payout rules, The Lookout Foundation reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About The Lookout Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $26K (77%)

North Carolina $5K (15%)

Missouri $3K (8%)

Share of all 7 itemized 2024 grant dollars.

States

California Colorado Maryland Maine Minnesota Missouri North Carolina New York Oregon Tennessee Virginia

Cities

GreensboroLagrangevilleChapel HillAlexandriaRaleighBaltimoreBeaufortCamdenDenverLong Island CityNashvilleNew YorkOfallonPortlandSan FranciscoSnow CampSt PaulWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$246,487	$269,660	$275,720
Revenue	$11,890	$3,688	$116,429
Expenses	$35,063	$9,748	$60,596
Qualifying Distributions	$33,029	$8,000	$58,432
Net Investment Income	$11,890	$3,560	$112,192
Distributable Amount	$12,297	$14,013	$13,901

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Outward Bound USA ($25,029), Spastic Paraplegia Foundation ($2,500), Pediatric Oncology Fund of UNC ($2,500).

Recipient	Purpose	Amount
OUTWARD BOUND USA Lagrangeville, NY	TO ASSIST THE ORG WITH THEIR MISSION	$25,029
SPASTIC PARAPLEGIA FOUNDATION Ofallon, MO	TO ASSIST THE ORG WITH THEIR MISSION	$2,500
PEDIATRIC ONCOLOGY FUND OF UNC Chapel Hill, NC	TO ASSIST THE ORG WITH THEIR MISSION	$2,500
MEDICAL FOUNDATION OF UNC Chapel Hill, NC	TO ASSIST THE ORG WITH THEIR MISSION	$1,000
PRESERVATION NORTH CAROLINA Raleigh, NC	TO ASSIST THE ORG WITH THEIR MISSION	$1,000
LEUKEMIA & LYMPHOMA SOCIETY New York, NY	TO ASSIST THE ORG WITH THEIR MISSION	$500
LIVING FREE MINISTRIES Snow Camp, NC	TO ASSIST THE ORG WITH THEIR MISSION	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Steve C Hassenfelt	President/Tr	—	—
Pamela H Hassenfelt	Vice Preside	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Lookout Foundation?

The Lookout Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Greensboro, NC. It holds $246K in total assets as of 2024.

How large is The Lookout Foundation?

As of 2024, The Lookout Foundation holds $246K in total assets with $12K in annual revenue. It awarded 7 grants totaling $33K in 2024.

Where does The Lookout Foundation operate?

The Lookout Foundation has awarded grants in California, Colorado, Maryland, Maine, Minnesota, Missouri, North Carolina, New York, Oregon, Tennessee, Virginia.

What size grants does The Lookout Foundation award?

In 2024, The Lookout Foundation awarded 7 grants totaling $33K — an average of about $5K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lookout Foundation reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.