The Lucien B & Katherine E Price

Foundation · Grantmaker Charlottesville, VA EIN: 06-6068868

The Lucien B & Katherine E Price Foundation is an independent private foundation incorporated in 1922 in Connecticut and currently based in Charlottesville, Virginia. The foundation operates as a 501(c)(3) tax-exempt charitable organization dedicated to philanthropic grantmaking.

Key facts about The Lucien B & Katherine E Price

EIN: 06-6068868
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $265,000
Grants made (2024): 14
Average grant: $18,929
Median grant: $8,000
New grantees (estimate): 14% first-time grantees (2 of 14, 2024)
Total assets: $4,180,408
Primary geography: Utah (51% 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 Lucien B & Katherine E Price funds

By grant dollars, the top recipient states for The Lucien B & Katherine E Price's 14 itemized 2024 grants were Utah (51%) and Connecticut (45%). The most frequent recipient cities were Manchester, CT (4 grants) and Hartford, CT (4 grants). 100% of grants with a stated purpose were for general or operating support.

Is The Lucien B & Katherine E Price open to new grantees?

14%

first-time grantees, 2024

In 2024, 2 of 14 grantees (14%) were first-time recipients. First grants averaged $6K; repeat grants $21K. How we count

Medians: $6K first-time, $8K repeat.

71% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (−12%). Method
In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). 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 Lucien B & Katherine E Price

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.2M

-3.3% YoY

Annual Giving

$265K

+6.0% YoY

Grant Count

+27.3% YoY

Avg Grant Size

$19K

-16.7% YoY

Under IRS private-foundation payout rules, The Lucien B & Katherine E Price reported a distributable amount of $262K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation emphasizes support for:

Roman Catholic church and religious associations
Church-related schools, colleges, and hospitals
Religious educational institutions

Grantmaking

The foundation maintains an active grantmaking program, though specific recent grant amounts and recipients are not detailed in available sources. The foundation's grantmaking activities are ongoing, with grant information regularly updated.

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Geographic Focus

Where this funder awards grants

The foundation is headquartered in Charlottesville, Virginia, though its geographic scope of grantmaking is not specified in available sources.

Grant Distribution by State

Utah $136K (51%)

Connecticut $118K (45%)

New York $10K (4%)

Maryland $1K (0%)

Share of all 14 itemized 2024 grant dollars.

States

Connecticut Maryland New York Utah

Cities

HartfordManchesterSalt Lake CityMiddletownSilver SpringsWest HartfordNew YorkBranfordAndoverAvonEnfieldEsat Hartford

Financial History

Multi-year comparison from IRS filings

Based on the most recent available tax filings (2023):

Total Assets: $4.32 million
Total Revenue: $314,000
Total Expenses: $327,000
Total Liabilities: $0

The foundation has maintained tax-exempt status since February 1940.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,180,408	$4,323,136	$4,336,608
Revenue	$193,688	$313,569	$398,602
Expenses	$336,416	$327,041	$370,919
Qualifying Distributions	$272,461	$263,647	$293,981
Net Investment Income	$138,233	$258,998	$339,485
Distributable Amount	$262,314	$241,877	$264,187

Data update history

When this profile's IRS filing data changed on Grantable

February 28, 2026 IRS filings on file for fiscal years 2020–2024

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

66 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Diocese of Salt Lake City ($136,000), St James School ($42,000), Rebuilding Together ($22,000).

Recipient	Purpose	Amount
DIOCESE OF SALT LAKE CITY Salt Lake City, UT	GENERAL	$136,000
ST JAMES SCHOOL Manchester, CT	GENERAL	$42,000
REBUILDING TOGETHER Manchester, CT	GENERAL	$22,000
MANCHESTER AREA CONF OF CHURCHES Manchester, CT	GENERAL	$20,000
MALTA HOUSE OF CARE Hartford, CT	GENERAL	$10,000
MALTA PANTRY Hartford, CT	GENERAL	$10,000
BOTTOMLESS CLOSET New York, NY	GENERAL	$10,000
EAST CATHOLIC HIGH SCHOOL Manchester, CT	GENERAL	$6,000
ORDER OF MALTA Hartford, CT	GENERAL	$3,500
CAMP COURANT Hartford, CT	GENERAL	$1,500

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
Edward P Flanagan	Secretary	0.1	—
Timothy Devanney	Vice Preside	0.1	—
Mary Devanney	Vice Preside	0.1	—
Sheila Flanagan	Treasurer	0.1	—
Colin Birchumshaw	Vice Preside	0.1	—
JT Fitzgerald	President	0.1	—

Contact Information

Mailing Address: c/o Silvercrest 230 Court Square Charlottesville, VA 22902 United States

Telephone: 434-977-4420

EIN: 06-6068868

Frequently Asked Questions

What does The Lucien B & Katherine E Price fund?

The foundation emphasizes support for: • Roman Catholic church and religious associations • Church-related schools, colleges, and hospitals • Religious educational institutions

How do I apply for a grant from The Lucien B & Katherine E Price?

Where does The Lucien B & Katherine E Price make grants?

The foundation is headquartered in Charlottesville, Virginia, though its geographic scope of grantmaking is not specified in available sources.

What size grants does The Lucien B & Katherine E Price award?

In 2024, The Lucien B & Katherine E Price awarded 14 grants totaling $265K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is The Lucien B & Katherine E Price required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Lucien B & Katherine E Price reported a distributable amount of $262K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Lucien B & Katherine E Price's EIN?

The Lucien B & Katherine E Price's EIN (Employer Identification Number) is 06-6068868. IRS Form 990 filing data is available on this page for 2020–2024.