Lacy Foundation Inc
https://n/aAbout
This statement is submitted in accordance with Reg. 1.6043-3(a)(1) and Form 990-PF General Instruction T to report the distribution of certain assets that resulted in substantial contraction of assets during the current tax year. During 2022, the Lacy Foundation (Lacy) distributed 1/2 of the assets from sources other than current income. Such distributions represented 50% of Lacy's net assets of $3,083,038 (as measured by fair market value) as of 2/15/2022. Information regarding these distributions is as follows: The Makawee Foundation, Inc. P O Box 835 Zebulon, GA 30295 EIN 82-1861105 Assets distributed: see attached Date of Distribution: February 15, 2022 FMV of Distribution: $1,541,519 The Makawee Foundation is exempt from taxes under IRC Sec. 501(c)(3) and is a private non-operating foundation. It is not controlled (directly or indirectly) by Lacy or any disqualified persons with respect to Lacy. Lacy will not receive any form of consideration for its distribution. These distributions do not constitute a final distribution of the Lacy Foundation's assets. An Action By Unanimous Written Consent and Agreement Regarding Distribution of Assets and Future Goverance authorizing the substantial contraction were adopted by the Foundation on August 1, 2021. Copies of both are attached.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $117K | $2.5M | $68K | 36 |
| 2017 | $135K | $2.6M | $76K | 36 |
| 2018 | $126K | $2.6M | $39K | 30 |
| 2019 | N/A | $2.7M | $86K | N/A |
| 2020 | $128K | $2.6M | $563K | 25 |
| 2022 | $67K | $1.5M | $46K | 24 |
| 2023 | $68K | $1.4M | $43K | 21 |
| 2024 | $74K | $1.5M | $47K | 20 |
Grant Size Distribution
Based on 192 grants on record
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| Douglas F Lacy | Chairman & COO | — |
| Benjamin A Lacy | Trustee | — |
| Katherine Robinson | Trustee | — |
| Carol Lacy | Secretary | — |
| Lynda L Ramseur | Vice-Chair & Treasurer | — |
| Rebecca A Klinger | Trustee | — |
| James Ryan Ramseur | Trustee | — |
| Erin M Lacy | Trustee | — |
| William Linkous Jr | Secretary | — |
| JoAnn U Lacy | Trustee | — |
| David M Lacy Sr | Chairman | — |
Grants Awarded (192 total)
| Purpose | ||||
|---|---|---|---|---|
| Coco's Cupboard Inc | Zebulon, GA | $30,000 | To help reduce abandoned pets in Pike County. | 2020 |
| Children's Healthcare of Atlanta FDN | Atlanta, GA | $30,000 | Music Therapy Program; Cancer Center | 2020 |
| Cumberland Academy Of Georgia Inc | Atlanta, GA | $25,000 | Annual fund | 2018 |
| First Presbyterian of Highlands | Highlands, NC | $20,000 | General ministry fund | 2016 |
| Cumberland Academy Of Georgia Inc | Atlanta, GA | $20,000 | Annual fund | 2017 |
| First Presbyterian of Highlands | Highlands, NC | $20,000 | General ministry fund | 2017 |
| Coco's Cupboard Inc | Zebulon, GA | $10,000 | To help reduce abandoned pets in Pike County. | 2018 |
| St Benedict's Episcopal Church | Smyrna, GA | $10,000 | General support | 2020 |
| St Benedict's Episcopal School | Smyrna, GA | $10,000 | General Support | 2022 |
| First Presbyterian of Highlands | Highlands, NC | $10,000 | General ministry fund | 2018 |
| Cashiers-Highlands Humane Society | Cashiers, NC | $10,000 | Annual support for animal rescue | 2017 |
| Highlands-Cashiers Hospital Foundation | Highlands, NC | $10,000 | General hospital support | 2016 |
| St Benedict's Episcopal School | Smyrna, GA | $10,000 | General Support | 2020 |
| Shepard Center Foundation | Atlanta, GA | $10,000 | General rehabilitation support | 2022 |
| St Benedict's Episcopal School | Smyrna, GA | $10,000 | General Support | 2023 |
| Highlands-Cashiers Hospital Foundation | Highlands, NC | $10,000 | General hospital support | 2017 |
| Lovett School The | Atlanta, GA | $7,750 | Financial Aid Fund | 2016 |
| Flint Riverkeeper | Albany, GA | $7,500 | To protect Flint River in South GA | 2016 |
| Pike County Board of Commissioners | Zebulon, GA | $7,500 | Soccer field renovation | 2024 |
| Lovett School The | Atlanta, GA | $7,500 | Financial Aid Fund | 2018 |
| Cocos Cupboard Inc | Zebulon, GA | $7,500 | To help reduce abandoned pets in Pike County. | 2016 |
| Lovett School The | Atlanta, GA | $7,500 | Financial Aid Fund | 2017 |
| Coco's Cupboard Inc | Zebulon, GA | $7,000 | To help reduce abandoned pets in Pike County. | 2017 |
| Flint Riverkeeper | Albany, GA | $7,000 | To protect Flint River in South GA | 2017 |
| Cumberland Academy Of Georgia Inc | Atlanta, GA | $6,500 | Annual fund | 2016 |