The LPM Charitable Foundation
The LPM Charitable Foundation is a private foundation, based in Bolton, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $356K in total assets. In 2024, it awarded 31 grants totaling $59K. Net investment income was $17K.
Key facts about The LPM Charitable Foundation
- EIN
- 04-3316344
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $59,146
- Grants made (2024)
- 31
- Average grant
- $1,908
- Median grant
- $1,000
- New grantees (estimate)
- 50% first-time grantees (10 of 20, 2024)
- Total assets
- $356,317
- Primary geography
- Massachusetts (71% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The LPM Charitable Foundation funds
By grant dollars, the top recipient states for The LPM Charitable Foundation's 31 itemized 2024 grants were Massachusetts (71%), Maryland (6%) and New Hampshire (5%). The most frequent recipient cities were Bolton, MA (4 grants) and Boston, MA (3 grants). 100% of grants with a stated purpose were for general or operating support.
Is The LPM Charitable Foundation open to new grantees?
50%
first-time grantees, 2024
In 2024, 10 of 20 grantees (50%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $1K first-time, $2K repeat.
- 35% of 2024 grantees were also funded in 2023. Method
- Giving grew 100% from 2021 to 2024. Method
- In 2024 it paid out 423% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2024). 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 LPM Charitable Foundation
- How to evaluate The LPM Charitable Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$356K
+20.7% YoY
Annual Giving
$59K
+80.9% YoY
Grant Count
31
+47.6% YoY
Avg Grant Size
$2K
+22.5% YoY
Under IRS private-foundation payout rules, The LPM Charitable Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About The LPM Charitable Foundation
Based on IRS filings
The LPM Charitable Foundation is a private foundation, based in Bolton, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $356K in total assets. In 2024, it awarded 31 grants totaling $59K. Net investment income was $17K.
Ready to take the next step with The LPM Charitable Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 31 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $356,317 | $295,254 | $229,035 |
| Revenue | $122,879 | $99,608 | $121,568 |
| Expenses | $60,063 | $33,389 | $197,331 |
| Qualifying Distributions | $59,423 | $32,696 | $40,965 |
| Net Investment Income | $16,695 | $56,350 | $9,222 |
| Distributable Amount | $14,049 | $10,262 | $12,433 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 10 recipients in 2024
Grant Size Distribution
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include RFK Community Alliance ($17,400), Cushing Academy ($5,100), Don Bosco Cristo Rey High School ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| RFK COMMUNITY ALLIANCE Lancaster, MA | ANNUAL FUND | $17,400 |
| CUSHING ACADEMY Ashburnham, MA | ANNUAL FUND | $5,100 |
| DON BOSCO CRISTO REY HIGH SCHOOL Takoma Park, MD | ANNUAL FUND | $3,500 |
| BRIGHT HORIZONS Newton, MA | ANNUAL FUND | $3,078 |
| SUDBURY MEN'S SOFTBALL Sudbury, MA | ANNUAL FUND | $2,600 |
| RFK HUMAN RIGHTS WASHINGTON DC Washington, DC | ANNUAL FUND | $2,575 |
| STAND WITH JADE Tempe, AZ | ANNUAL FUND | $2,500 |
| ROBERT WATSON Boston, MA | ANNUAL FUND | $2,240 |
| THE WINTER WALK Andover, MA | ANNUAL FUND | $2,000 |
| FRANCIS COFFEY Milford, NH | ANNUAL FUND | $2,000 |
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 |
|---|---|---|---|
| Robert J Watson | Chairman, Trustee | 5 | — |
| Laurie J Watson | Tres./Sec., Trustee | 5 | — |
| Michael Watson | Executive Director | 5 | — |
| Dan Redfern | Trustee | 5 | — |
| Patrick Watson | Trustee | 5 | — |
Frequently Asked Questions
How large is The LPM Charitable Foundation?
As of 2024, The LPM Charitable Foundation holds $356K in total assets with $123K in annual revenue. It awarded 31 grants totaling $59K in 2024.
Where does The LPM Charitable Foundation operate?
The LPM Charitable Foundation has awarded grants in Arizona, Connecticut, District of Columbia, Florida, Massachusetts, Maryland, Maine, New Hampshire, New York, Pennsylvania, Rhode Island, Texas.
What size grants does The LPM Charitable Foundation award?
In 2024, The LPM Charitable Foundation awarded 31 grants totaling $59K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The LPM Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The LPM Charitable Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The LPM Charitable Foundation's EIN?
The LPM Charitable Foundation's EIN (Employer Identification Number) is 04-3316344. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.