The Monford D and Lucy L is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LELAND, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 8 grants totaling $97K. Net investment income was $148K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
+2.6% YoY
Annual Giving
$97K
-2.9% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$12K
-39.3% YoY
Under IRS private-foundation payout rules, The Monford D and Lucy L reported a distributable amount of $114K for 2024 — the minimum it must pay out in qualifying distributions.
About The Monford D and Lucy L
Based on IRS filings
The Monford D and Lucy L is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LELAND, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 8 grants totaling $97K. Net investment income was $148K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,653,264 | $1,611,863 | $1,601,369 |
| Revenue | $167,043 | $133,671 | $107,179 |
| Expenses | $125,642 | $123,177 | $125,180 |
| Qualifying Distributions | $106,910 | $108,067 | $105,426 |
| Net Investment Income | $148,311 | $118,561 | $91,469 |
| Distributable Amount | $113,775 | $105,118 | $109,060 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include United Way of Roanoke ($35,000), Hope House ($12,000), Timber Ridge School ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARTS SOUTHEAST SAVANNAH, GA | GENERAL SUPPORT | $10,575 |
| FREEMONT STREET NURSERY INC WINCHESTER, VA | GENERAL SUPPORT | $9,000 |
| HOPE HOUSE LIBERTY HILL, TX | GENERAL SUPPORT | $12,000 |
| LAUREL RIDGE CC EDUCATIONAL MIDDLETOWN, VA | GENERAL SUPPORT | $8,265 |
| NEW HOPE CLINIC SOUTHPORT, NC | GENERAL SUPPORT | $5,000 |
| TEMPLE CHILDREN'S MUSEUM TEMPLE, TX | GENERAL SUPPORT | $5,400 |
| TIMBER RIDGE SCHOOL CROSS JUNCTION, VA | GENERAL SUPPORT | $12,000 |
| UNITED WAY OF ROANOKE ROANOKE, VA | GENERAL SUPPORT | $35,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA C RUSSELL | PRESIDENT EMERITUS | 1 | — |
| MONFORD D CUSTER III | VP/TREAS/DIR | 1 | — |
| ELLEN C MORGAN | VP/DIRECTOR | 1 | — |
| DR HF SANDERS | VP/DIRECTOR | 1 | — |
| MR H F SANDERS III | PRES/DIR | 1 | — |
| MARY R CLEMONS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Monford D and Lucy L?
The Monford D and Lucy L is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LELAND, NC. It holds $1.7M in total assets as of 2024.
How large is The Monford D and Lucy L?
As of 2024, The Monford D and Lucy L holds $1.7M in total assets with $167K in annual revenue. It awarded 8 grants totaling $97K in 2024.
Where does The Monford D and Lucy L operate?
The Monford D and Lucy L has awarded grants in California, Georgia, North Carolina, Texas, Virginia.
What size grants does The Monford D and Lucy L award?
In 2024, The Monford D and Lucy L awarded 8 grants totaling $97K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Monford D and Lucy L required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Monford D and Lucy L reported a distributable amount of $114K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Monford D and Lucy L's EIN?
The Monford D and Lucy L's EIN (Employer Identification Number) is 54-1839172. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Monford D and Lucy L's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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