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Nonprofit · EIN 54-1810269

L F & C FOUNDATION

Tax-exempt · DALLAS, TX 75265

Financials

$141K$202K2023$228K$249K2024$226K$328K2025
Revenue Expenses · by fiscal year end
Financials of L F & C FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$226,413$327,895-$101,482$1,726,843$0$1,726,843
December 31, 2024990-PF$228,272$248,970-$20,698$1,828,653$0$1,828,653
December 31, 2023990-PF$141,159$202,375-$61,216$1,850,295$0$1,850,295
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Dividends
$72,523
Net gain from sales of assets
$153,890

Expenses

Grants and similar amounts paid
$294,500
Compensation of officers, directors and key employees
$27,719
Disbursements for charitable purposes
$306,088
Excise tax on investment income
$2,888

Balance sheet and other

Total assets, start of year
$1,828,653
Total assets, end of year
$1,726,843
Total liabilities, end of year
$0
Net assets, end of year
$1,726,843
Fair market value of assets
$4,235,575
Qualifying distributions
$306,088
Net investment income
$225,513

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
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
AGENT FOR FIDUCIARY1$27,719
VIRGINIA H TOTTEN
27 MAXWELL RD, RICHMOND, VA 23226
PRESIDENT1$0
LOUISE T KNABE
1839 EDGEWOOD LN, CHARLOTTESVILLE, VA 22903
VICE PRESIDENT1$0
FITZ R TOTTEN
27 MAXWELL RD, RICHMOND, VA 23226
VP & SECRETARY1$0
CAROLINE T GARY
4907 27TH ST N, ARLINGTON, VA 22207
VICE PRESIDENT1$0
990-PF for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
AGENT FOR FIDUCIARY1$25,887
VIRGINIA H TOTTEN
27 MAXWELL RD, RICHMOND, VA 23226
PRESIDENT1$0
LOUISE T KNABE
1839 EDGEWOOD LN, CHARLOTTESVILLE, VA 22903
VICE PRESIDENT1$0
FITZ R TOTTEN
27 MAXWELL RD, RICHMOND, VA 23226
VP & SECRETARY1$0
CAROLINE T GARY
4907 27TH ST N, ARLINGTON, VA 22207
VICE PRESIDENT1$0
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
BANK OF AMERICA
PO BOX 653067, DALLAS, TX 752653067
AGENT FOR FIDUCIARY1$14,744
VIRGINIA H TOTTEN
27 MAXWELL RD, RICHMOND, VA 23226
PRESIDENT1$0
LOUISE T KNABE
1839 EDGEWOOD LN, CHARLOTTESVILLE, VA 22903
VICE PRESIDENT1$0
FITZ R TOTTEN
27 MAXWELL RD, RICHMOND, VA 23226
VP & SECRETARY1$0
CAROLINE T GARY
4907 27TH ST N, ARLINGTON, VA 22207
VICE PRESIDENT1$0

Address and contacts

Address (IRS master file)
PO BOX 653067, DALLAS, TX 75265-3067
In care of
% R F TOTTEN
Signed the 990-PF
CAROLINE T GARY, TRUSTEE
Phone
(888) 866-3275
Return prepared by
BANK OF AMERICA

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
54-1810269
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
1996
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$1,726,843
Income (IRS master file)
$523,521

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$226,413$327,895$1,726,843IRS
990-PFDecember 2024$228,272$248,970$1,828,653IRS
990-PFDecember 2023$141,159$202,375$1,850,295XML
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 54-1810269).

Questions about L F & C FOUNDATION

What is the EIN of L F & C FOUNDATION?
The employer identification number (EIN) of L F & C FOUNDATION is 54-1810269.
Is L F & C FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to L F & C FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does L F & C FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of L F & C 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 L F & C 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 L F & C FOUNDATION?
The 990-PF for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $27,719 (BANK OF AMERICA, AGENT FOR FIDUCIARY).
How much revenue does L F & C FOUNDATION have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $226,413, expenses of $327,895 and total assets of $1,726,843 at year end.

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