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Nonprofit · EIN 45-1735243

THE LOUIS AND LINI LIPTON FOUNDATION

Tax-exempt (reinstated) · CHARLOTTESVLE, VA 22902

Financials

$84K$312K2023$150K$420K2024$6.3M$514K2025
Revenue Expenses · by fiscal year end
Financials of THE LOUIS AND LINI LIPTON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$6,308,201$513,844$5,794,357$7,989,149$0$7,989,149
December 31, 2024990-PF$149,804$419,694-$269,890$2,194,792$0$2,194,792
December 31, 2023990-PF$83,512$311,565-$228,053$2,464,682$0$2,464,682
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$5,814,843
Dividends
$105,681
Interest
$696
Net gain from sales of assets
$386,981

Expenses

Grants and similar amounts paid
$500,000
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$500,300
Excise tax on investment income
$6,669

Balance sheet and other

Total assets, start of year
$2,194,792
Total assets, end of year
$7,989,149
Total liabilities, end of year
$0
Net assets, end of year
$7,989,149
Fair market value of assets
$8,341,313
Qualifying distributions
$500,300
Net investment income
$493,358

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JACOB LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
PRESIDENT, TREASURER0.1$0
JONAH LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
VICE PRESIDENT0.1$0
DIANA LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
DIRECTOR0.1$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
JACOB LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
PRESIDENT, TREASURER0.1$0
JONAH LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
VICE PRESIDENT0.1$0
DIANA LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
DIRECTOR0.1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
JACOB LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
PRESIDENT, TREASURER0.1$0
JONAH LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
VICE PRESIDENT0.1$0
DIANA LIPTON
C/O CITRIN 1133 WESTCHESTER AVE, WHITE PLAINS, NY 10604
DIRECTOR0.1$0

Address and contacts

Address (IRS master file)
937 BELMONT AVE, CHARLOTTESVLE, VA 22902-5905
In care of
% CITRIN COOPERMAN MATTHEW KUCHINSK
Signed the 990-PF
JACOB LIPTON, PRESIDENT
Phone
(914) 949-2990
Return prepared by
CITRIN COOPERMAN ADVISORS LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
45-1735243
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2020
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$7,989,149
Income (IRS master file)
$6,876,548

Revocation and reinstatement

Exemption revoked
May 15, 2014
Posted by the IRS
August 11, 2014
Reinstated
Effective May 15, 2014

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$6,308,201$513,844$7,989,149XML
990-PFDecember 2024$149,804$419,694$2,194,792XML
990-PFDecember 2023$83,512$311,565$2,464,682XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-1735243).

Questions about THE LOUIS AND LINI LIPTON FOUNDATION

What is the EIN of THE LOUIS AND LINI LIPTON FOUNDATION?
The employer identification number (EIN) of THE LOUIS AND LINI LIPTON FOUNDATION is 45-1735243.
Is THE LOUIS AND LINI LIPTON FOUNDATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
Are donations to THE LOUIS AND LINI LIPTON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE LOUIS AND LINI LIPTON FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of THE LOUIS AND LINI LIPTON FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE LOUIS AND LINI LIPTON FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of THE LOUIS AND LINI LIPTON FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does THE LOUIS AND LINI LIPTON FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $6,308,201, expenses of $513,844 and total assets of $7,989,149 at year end.

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