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Also known as: FOUNDATION INC
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Arthur J Lerman Charitable Foundation Inc. is a private corporation based in LOUISVILLE, KY. The foundation received its IRS ruling in 1987. It holds total assets of $1.7M. Annual income is reported at $352K. Total assets have grown from $395K in 2010 to $1.7M in 2022. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Kentucky, Illinois and Florida. According to available records, Arthur J Lerman Charitable Foundation Inc. has made 27 grants totaling $287K, with a median grant of $5K. Annual giving has grown from $33K in 2020 to $107K in 2023. Grantmaking activity was highest in 2022 with $132K distributed across 8 grants. Individual grants have ranged from $200 to $50K, with an average award of $11K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in Kentucky, Florida, Illinois, which account for 93% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$8K
Average Grant
$16K
Largest Grant
$50K
Based on 8 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Arthur J Lerman Charitable Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 27 grants. Its grantmaking reaches organizations primarily in KY, FL, IL.
Arthur J Lerman Charitable Foundation Inc. has distributed a total of $287K across 27 grants. The median grant size is $5K, with an average of $11K. Individual grants have ranged from $200 to $50K.
Arthur J Lerman Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Arthur J Lerman Charitable Foundation Inc. is headquartered in LOUISVILLE, KY. While based in KY, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph Edward Cornell | DIRECTOR | $0 | $0 | N/A |
| Robert Frank Cornell | DIRECTOR | $0 | $0 | N/A |
| Mary C Lerman | PRESIDENT | $0 | $0 | N/A |
Total Giving
$166K
Total Assets
$1.7M
Fair Market Value
$2.2M
Net Worth
$1.7M
Grants Paid
$107K
Contributions
N/A
Net Investment Income
$8K
Distribution Amount
$111K
Total: N/A
Total Grants
27
Total Giving
$287K
Average Grant
$11K
Median Grant
$5K
Unique Recipients
15
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Catholic Education FoundationGENERAL FUND | Louisville, KY | $2K | 2021 |
| Palm Beach Day AcademyGENERAL FUND | Palm Beach, FL | $50K | 2023 |
| Carmel Catholic High School DevelopmentGENERAL FUND | Mundelein, IL | $30K | 2023 |
| Kentucky OperaGENERAL FUND | Louisville, KY | $9K | 2023 |
| Louisville OrchestraGENERAL FUND | Louisville, KY | $9K | 2023 |
| Saint Francis Of Rome ChurchGENERAL FUND | Louisville, KY | $6K | 2023 |
| Speed Art MuseumGENERAL FUND | Louisville, KY | $3K | 2023 |
| The Queens DaughtersGENERAL FUND | Louisville, KY | $1K | 2023 |
| Saint Xavier High SchoolGENERAL FUND | Louisville, KY | $10K | 2022 |
| Catholic Charities Of LouisvilleGENERAL FUND | Louisville, KY | $5K | 2022 |
| Louisville BalletGENERAL FUND | Louisville, KY | $2K | 2022 |
| Dominican FoundationGENERAL FUND | New York, NY | $1K | 2021 |
| Kentucky Symphony OrchestraGENERAL FUND | Newport, KY | $1K | 2021 |
| St Catherine Of Sienna ChurchGENERAL FUND | New York, NY | $200 | 2021 |
| Louisville Metro Police FoundationGENERAL FUND | Louisville, KY | $1K | 2020 |