The Lighthouse Beacon Foundation
EIN 853247420 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $545,761. This amount represents 25% or more of the Foundation's net assets of $557,056 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XiV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
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 |
|---|---|---|---|---|
| 2021 | $546K | $1.7M | $1.0M | 3 |
| 2022 | $145K | $2.9M | $2.2M | 7 |
| 2023 | $166K | $3.6M | $225K | 12 |
| 2024 | $447K | $2.6M | $771K | 36 |
Grant Size Distribution
Based on 58 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (58 total)
| Purpose | ||||
|---|---|---|---|---|
| University of Kentucky | Lexington, KY | $515,000 | College of Engineering fund | 2021 |
| El Hogar Ministries Inc | Andover, MA | $200,000 | General & Unrestricted | 2024 |
| Bluegrass Community & Technical College Foundation | Lexington, KY | $125,000 | Passenger Shuttle to aid in transporting students | 2022 |
| University of Kentucky | Lexington, KY | $100,000 | Heritage Science Professorship-Chair | 2023 |
| Technology Student Association Kentucky Tech | Frankfort, KY | $49,210 | National Competition | 2024 |
| Technology Student Association Kentucky Tech | Frankfort, KY | $45,780 | TSA Program | 2024 |
| Floyd County School District | Eastern, KY | $27,120 | FCSI Physics Program | 2024 |
| University of Kentucky | Lexington, KY | $20,761 | Pigman First Gen. scholarship Fund | 2021 |
| Kentucky Engineering Foundation Inc | Frankfort, KY | $20,000 | General & Unrestricted | 2023 |
| Kentucky Science and Technology Corporation | Lexington, KY | $16,102 | Engineering By Design Summer Training | 2024 |
| Kentucky Science and Technology Corporation | Lexington, KY | $12,500 | Charitable Event | 2024 |
| Pikeville High School | Pikeville, KY | $10,890 | Equipment-VEX, Glowforge | 2023 |
| Heartkeep Inc | Emmalena, KY | $10,000 | General & Unrestricted | 2021 |
| Heartkeep Inc | Emmalena, KY | $10,000 | General & Unrestricted | 2023 |
| Johnson Central High School | Paintsville, KY | $10,000 | Solar Car Fund | 2024 |
| Somerset High School | Somerset, KY | $10,000 | Solar Car fund | 2024 |
| Technology Student Association Kentucky Tech | Frankfort, KY | $8,500 | Engineering By Design Summer Training | 2024 |
| Kentucky Engineering Foundation Inc | Frankfort, KY | $8,350 | MATHCOUNTS Chapter Competition Support | 2024 |
| Pikeville Elementary School | Pikeville, KY | $7,100 | Middle School VEX Robotics Program | 2023 |
| Technology Student Association Kentucky Tech | Frankfort, KY | $6,850 | Charitable Event | 2022 |
| Johnson County Middle School | Paintsville, KY | $6,700 | JCMS KYTSA STEM | 2024 |
| Challenger Learning Center of Kentucky Inc | Hazard, KY | $6,110 | STAR Program | 2022 |
| Pikeville High School | Pikeville, KY | $5,741 | 3D Printing Equipment | 2024 |
| Floyd County School District | Eastern, KY | $5,400 | PLTW and Young Women Lead Conference | 2023 |
| Johnson Central High School | Paintsville, KY | $5,000 | Trailer Fund | 2023 |
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