The Lovett Foundation
The Lovett Foundation is a private foundation based in Winston-Salem, North Carolina. In filing year 2024, it reported making 23 grants totaling $74,790, all to recipients in North Carolina.
The Lovett Foundation at a glance
In short: The Lovett Foundation gave $75K across 23 grants in 2024 (avg $3K), mostly in North Carolina. 30% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $74,790
- -2.2% vs 2023
- Grants made (2024)
- 23
- +0.0% vs 2023
- Average grant
- $3,252
- -2.2% vs 2023
- Median grant
- $3,000
- Total assets
- $1,512,159
- +8.6% vs 2023
- New grantees (estimate)
- 30% first-time grantees (7 of 23, 2024; small sample)
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Lovett Foundation
- How to Apply
-
The foundation’s filing names Charles C Lovett as the person to contact. No standard form is required, there are no deadlines, and the filing lists no restrictions on awards. The foundation states that it does not restrict giving to preselected organizations.
- Contact
Application contact: Charles C Lovett
Mailing address: 10 Stump Tree Lane, Winstonsalem, NC 27106-5749
Phone: (336) 286-7663
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Lovett Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Bookmarks ($10K). Together the top 10 received $43K.
Grant Size Distribution
120 grants across all recorded years
The most common grant size was under $50K: 120 grants of 120 (100%).
Geographic Focus
Where this funder awards grants
All 2024 grant dollars went to recipients in North Carolina.
Grant Distribution by State
Share of 2024 grant dollars across all 23 itemized grants.
States
Cities
Is The Lovett Foundation open to new grantees?
30%
first-time grantees, 2024
In 2024, 7 of 23 grantees (30%) were first-time recipients. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $3K; repeat grants $3K. How we count
Medians: $3K first-time, $3K repeat.
- 48% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+9%). Method
- In 2024 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 (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $68K (2020) to $87K (2022). In 2024 it made 23 grants totaling $75K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bookmarks Winston-Salem, NC | To support the bookmarks festival of books & authors | $10,000 |
| City with Dwellings Winston-Salem, NC | To Support Computer and Technology Upgrades | $5,000 |
| Wake Forest University Winston-Salem, NC | Support Professor Robert Lovett Scholarship Fund | $5,000 |
| Transplanting Traditions Community Farm Carrboro, NC | To support the construction of a shelter for programming | $4,000 |
| Imprints Cases Winston-Salem, NC | To Provide Curriculum Supplies and Literacy Kits. | $3,500 |
| Lead Girls of NC Winston-Salem, NC | Girls Rising Leadership EXP | $3,500 |
| Learning Together Raleigh, NC | To support the purchase of a refrigerator and other needed items | $3,267 |
| Out at the Movies Winston-Salem, NC | To Support an Educational Panel and Workshop | $3,040 |
| Heart Math Tutoring Charlotte, NC | To Support Math Tutoring at Bolton Elementary School | $3,000 |
| The Dwelling Winston-Salem, NC | To Support Community Block Parties. | $3,000 |
Ready to take the next step with The Lovett Foundation?
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 | $1,512,159 | $224,769 | $104,734 | $74,790 | 23 | $74,790 | $197,924 | $78,246 |
| 2023 | $1,392,672 | $93,793 | $103,704 | $76,498 | 23 | $76,498 | $68,805 | $73,894 |
| 2022 | $1,403,025 | $-68,866 | $120,312 | $87,459 | 29 | $87,459 | $56,445 | $75,690 |
| 2021 | $1,592,203 | $240,831 | $102,157 | $68,716 | 22 | $68,716 | $209,933 | $87,341 |
| 2020 | $1,455,529 | $69,082 | $97,999 | $68,465 | 23 | — | $40,676 | $71,266 |
Under IRS private-foundation payout rules, The Lovett Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations working in varied areas. For example, BOOKMARKS describes its work as fostering reading and writing in the Forsyth County community through a festival, school program, bookstore, and events. City with Dwellings says it builds community around people experiencing homelessness and helps them pursue housing, health, and employment goals. Transplanting Traditions Community Farm describes providing refugee youth and adults access to land, food, education, and leadership and entrepreneurial opportunities.
Other 2024 grantees describe work that includes supporting at-risk preteen girls’ leadership (LEAD Girls of NC), empowering children with and without developmental delays and their families (Learning Together), and providing a safe, transitional shelter and services to help people move from homelessness toward permanent housing (The Haven of Transylvania County).
Grantmaking
In 2024, the foundation reported 23 grants totaling $74,790. Grants ranged from $1,000 to $10,000, with a median grant of $3,000. The largest reported grants included $10,000 to BOOKMARKS for its festival of books and authors; $5,000 each to City with Dwellings for computer and technology upgrades and Wake Forest University for the Professor Robert Lovett Scholarship Fund; and $4,000 to Transplanting Traditions Community Farm for construction of a shelter for programming.
The foundation also gave $3,500 to Imprints Cases for curriculum supplies and literacy kits and $3,500 to LEAD Girls of NC for girls’ leadership expenses. Other reported grants included $3,267 to Learning Together, $3,040 to Out at the Movies, and $3,000 each to Heart Math Tutoring, The Dwelling, The Haven of Transylvania County, and Triad Pride Performing Arts.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Charles C Lovett as president; Karl Douglas Vass as treasurer; and Janice T Lovett, Mark Blakeman, Lisa Newham, Stephanie Lovett, Sandra Adams, E Jordan Flowers, and Lucy C Lovett as directors.
The Lovett Foundation is led by Charles C. Lovett, President on every filing since 2020; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles C. Lovett
President
On filings since 2020
0.5 hrs/week
No compensation reported
E. Jordan Flowers
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Janice T. Lovett
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Lisa Newham
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Lucy C. Lovett
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Mark Blakeman
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Sandra Adams
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Stephanie Lovett
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Karl Douglas Vass
Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Lovett Foundation
How much does The Lovett Foundation give each year?
The Lovett Foundation gave $75K across 23 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $76K across 23 grants.
What is The Lovett Foundation's typical grant size?
The Lovett Foundation's median grant in 2024 was $3,000, and its average grant was $3,252, across 23 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Lovett Foundation that year got $3K on average.
Where does The Lovett Foundation give grants?
The Lovett Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Winston-Salem, NC (13 grants), Greensboro, NC (2 grants) and Raleigh, NC (2 grants).
Does The Lovett Foundation give general operating support?
Not in 2024: none of the 23 grants with a stated purpose on The Lovett Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Lovett Foundation's largest grantees?
The Lovett Foundation's largest 2024 grantees include Bookmarks ($10,000), City with Dwellings ($5,000) and Wake Forest University ($5,000), according to its 2024 IRS Form 990-PF. Together they received 27% of its itemized 2024 grant dollars.
How large is The Lovett Foundation?
The Lovett Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $78K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Lovett Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations working in varied areas. For example, BOOKMARKS describes its work as fostering reading and writing in the Forsyth County community through a festival, school program, bookstore, and events. See mission & focus areas ↑
How do I apply for a grant from The Lovett Foundation?
The foundation’s filing names Charles C Lovett as the person to contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Lovett Foundation's EIN?
The Lovett Foundation's EIN (Employer Identification Number) is 56-1795876. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Lovett Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-lovett-foundation-morg_e2fecddfbc2d478c8df2ed103d6102bc
BibTeX
@misc{grantable_561795876_2026,
author = {{Grantable}},
title = {{The Lovett Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-lovett-foundation-morg_e2fecddfbc2d478c8df2ed103d6102bc},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Lovett Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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