The Lovett Foundation
The Lovett Foundation is a private foundation, based in WINSTONSALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 23 grants totaling $75K. Net investment income was $198K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+8.6% YoY
Annual Giving
$75K
-2.2% YoY
Grant Count
23
+0.0% YoY
Avg Grant Size
$3K
-2.2% YoY
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.
About The Lovett Foundation
Based on IRS filings
The Lovett Foundation is a private foundation, based in WINSTONSALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 23 grants totaling $75K. Net investment income was $198K.
Ready to take the next step with The Lovett Foundation?
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 | $1,512,159 | $1,392,672 | $1,403,025 |
| Revenue | $224,769 | $93,793 | $-68,866 |
| Expenses | $104,734 | $103,704 | $120,312 |
| Qualifying Distributions | $74,790 | $76,498 | $87,459 |
| Net Investment Income | $197,924 | $68,805 | $56,445 |
| Distributable Amount | $78,246 | $73,894 | $75,690 |
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 2024
Grant Size Distribution
120 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bookmarks ($10,000), City With Dwellings ($5,000), Wake Forest University ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALICE AYCOCK POE CENTER RALEIGH, NC | TO SUPPORT A NUTRITION THEMED MURAL | $2,000 |
| BOOKMARKS WINSTONSALEM, NC | TO SUPPORT THE BOOKMARKS FESTIVAL OF BOOKS & AUTHORS | $10,000 |
| CHILDREN'S LAW CENTER OF CENTRAL NC WINSTONSALEM, NC | TO SUPPORT THE PURCHASE OF LAPTOP COMPUTERS. | $2,784 |
| CITY WITH DWELLINGS WINSTONSALEM, NC | TO SUPPORT COMPUTER AND TECHNOLOGY UPGRADES | $5,000 |
| CRISTO REY HIGH SCHOOL DURHAM, NC | TO SUPPORT PURCHASE OF A COPIER | $2,829 |
| DOWNTOWN SCHOOL PTO WINSTONSALEM, NC | TO SUPPORT PURCHASE OF BOOKS | $2,399 |
| HEART MATH TUTORING CHARLOTTE, NC | TO SUPPORT MATH TUTORING AT BOLTON ELEMENTARY SCHOOL | $3,000 |
| IMPRINTS CASES WINSTONSALEM, NC | TO PROVIDE CURRICULUM SUPPLIES AND LITERACY KITS. | $3,500 |
| JEFFERSON MIDDLE SCHOOL PTA WINSTONSALEM, NC | TO SUPPORT THE PURCHASE OF ITEMS FOR ORCHESTRA EXPANSION | $2,300 |
| KALEIDEUM WINSTONSALEM, NC | O SUPPORT THE CREATION OF A STORY WALK IN LIBERTY PLAZA | $2,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES C LOVETT | PRESIDENT | 0.5 | — |
| JANICE T LOVETT | DIRECTOR | 0.5 | — |
| KARL DOUGLAS VASS | TREASURER | 0.5 | — |
| MARK BLAKEMAN | DIRECTOR | 0.5 | — |
| LISA NEWHAM | DIRECTOR | 0.5 | — |
| STEPHANIE LOVETT | DIRECTOR | 0.5 | — |
| SANDRA ADAMS | DIRECTOR | 0.5 | — |
| E JORDAN FLOWERS | DIRECTOR | 0.5 | — |
| LUCY C LOVETT | DIRECTOR | 0.5 | — |
Frequently Asked Questions
How large is The Lovett Foundation?
As of 2024, The Lovett Foundation holds $1.5M in total assets with $225K in annual revenue. It awarded 23 grants totaling $75K in 2024.
Where does The Lovett Foundation operate?
The Lovett Foundation has awarded grants in California, Iowa, Kentucky, Louisiana, North Carolina, New Jersey, Oklahoma, Rhode Island, South Carolina, Virginia.
What size grants does The Lovett Foundation award?
In 2024, The Lovett Foundation awarded 23 grants totaling $75K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Lovett Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lovett Foundation reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Lovett Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Flow Foundation Inc
WINSTONSALEM, NC
Assets
$395K
Grants
53
Total Given
$1.5M
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Lovett Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Lovett Foundation to a real strategy.