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Filing year 2024

Lipscomb Family Foundation

Minneapolis, Minnesota·EIN 58-1368915·NTEE T22Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.9M
Total assets
$14.1M
Total expenses
$1.1M
Reported officers
10

Executive compensation

Form 990-PF · Part VIII · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota.

Executive Director
Median to 75th percentile
$126k
$134k
Trustee
Board Member
25th percentile to median
$5k
$5k
Trustee
Board Member
25th percentile to median
$5k
$5k
Trustee
Board Member
25th percentile to median
$5k
$5k
Trustee
Board Member
25th percentile to median
$5k
$5k
Trustee
Board Member
25th percentile to median
$5k
$5k
Vice President
Board Vice President
10th to 25th percentilevs Philanthropy, Voluntarism & Grantmaking peers nationwide
$5k
$5k
Secretary
Board Secretary
25th percentile to medianvs Philanthropy, Voluntarism & Grantmaking peers nationwide
$5k
$5k
Treasurer
Board Treasurer
25th percentile to medianvs Philanthropy, Voluntarism & Grantmaking peers nationwide
$5k
$5k
President
Board President
25th percentile to median
$5k
$5k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Lipscomb Family Foundation equaled 11% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
11%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$772k

Itemized grants

49

Median grant

$10k

RecipientLocationPurposeAmount
Community Fndtn of Western NCAsheville, NCOperating Support$203k
Bounty & SoulBlack Mountain, NCOperating Support$30k
Educational Advisory FoundationAtlanta, GAOperating Support$25k
Homeless No MoreCOLUMBIA, SCOperating Support$25k
Young LifeColumbia, SCOperating Support$20k
SistercareCayce, SCOperating Support$18k
USC Educational FoundationColumbia, SCOperating Support$18k
SC First Steps to School ReadinessColumbia, SCOperating Support$16k
Camp Happy DaysCharleston, SCOperating Support$15k
Columbia Museum of ArtColumbia, SCOperating Support$15k
Communities In Schools of SCCharleston, SCOperating Support$15k
Ezekiel MinistriesColumbia, SCOperating Support$15k
The Therapy PlaceCOLUMBIA, SCOperating Support$15k
Fostering Great IdeasGREENVILLE, SCOperating Support$14k
ThornwellCLINTON, SCOperating Support$14k
Black Mountain Counseling CenterBlack Mountain, NCOperating Support$13k
SC Governor's School for the Arts FdnGreenville, SCOperating Support$13k
Junior AchievementCOLORADO SPRINGS, COOperating Support$13k
Koinonia of ColumbiaColumbia, SCOperating Support$13k
Boys and Girls Clubs of the MidlandsColumbia, SCOperating Support$12k
Childen's Trust of South CarolinaColumbia, SCOperating Support$12k
Legacies BuiltColumbia, SCOperating Support$12k
MIRCI-Mental Illness Recovery Center IncColumbia, SCOperating Support$12k
South Carolina PhilharmonicColumbia, SCOperating Support$12k
Boy Scouts Indian Waters CouncilColumbia, SCOperating Support$10k
Compare this foundation's grantees

Down 7%
from 2023

From $135k in 2023 to $126k in 2024.

$135k
2023
$126k
2024
In today's dollarsEst.
Down 9% in real terms$147k to $134k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 7% from 2023 to 2024, while revenue rose 129%.

$135k in 2023 to $126k in 2024.
  • Board Treasurer pay held roughly steady from 2023 to 2024.
  • Board Vice President pay held roughly steady from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Lipscomb Family Foundation

What does the Chief Executive Officer of Lipscomb Family Foundation earn?

In 2024, the Chief Executive Officer of Lipscomb Family Foundation received $126,000 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Lipscomb Family Foundation compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2024 pay of the Chief Executive Officer at Lipscomb Family Foundation falls between the median and the 75th percentile. In 2024, the highest total compensation at Lipscomb Family Foundation equaled 11% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are Lipscomb Family Foundation's revenue and expenses?

In 2024, Lipscomb Family Foundation reported $1.9M in total revenue and $1.1M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.