Lacy Foundation
- Assets
- $407.7k
- Revenue
- $42.7k
- Investments
- $180.7k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/1957
- Data as of
- 10/2023
- EIN
- 58-6034851
Organization Overview
Lacy Foundation is located in Atlanta, GA. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Lacy Foundation generated $42.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $68.2k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Lacy Foundation has awarded 263 individual grants totaling $1,015,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas F Lacy Chairman & COO | 1 | $0 | |
Carol Lacy Secretary | 1 | $0 | |
Katherine Robinson Trustee | 1 | $0 | |
Benjamin A Lacy Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,738 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $215 |
| Total operating and administrative expenses | $215 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $68,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,109 |
| Savings and temporary cash investments | $215,880 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $407,681 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lacy Foundation has awarded $68,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOC - GA CHAPTER PURPOSE: -ATHENS MEMORY WALK | $2,000 |
AMERICAN RED CROSS - METRO ATL CHAPTER PURPOSE: GLOBAL EMERGENCY FUND | $5,000 |
AG RHODES WESLEY WOODS PURPOSE: TO AID IN THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL WELL-BEING OF PATIENTS. | $5,000 |
BOYS AND GIRLS CLUBS OF METRO ATLANTA PURPOSE: TO IGNITE THE UNLIMMITED POTENTIAL OF KIDS AND TEENS BY CREATING SAFE, INCLUSIVE, AND ENGAGING ENVIRONMENTS | $5,000 |
CRIME VICTIMS ADVOCACY COUNCIL PURPOSE: DEDICATED TO PREVENTING CRIME AND ASSISTING CRIME VICTIMS AND THEIR FAMILIES IN GEORGIA. | $1,000 |
FIRST PRESBYTERIAN OF HIGHLANDS PURPOSE: GENERAL MINISTRY FUND | $1,000 |