Arthur J & Mary C Lerman Charitable

Foundation · Grantmaker LOUISVILLE, KY EIN: 61-1108075

Arthur J & Mary C Lerman Charitable is a private foundation, based in LOUISVILLE, KY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 6 grants totaling $134K. Net investment income was $159K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.7M

+1.2% YoY

Annual Giving

$134K

+24.5% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$22K

-17.0% YoY

Under IRS private-foundation payout rules, Arthur J & Mary C Lerman Charitable reported a distributable amount of $158K for 2025 — the minimum it must pay out in qualifying distributions.

About Arthur J & Mary C Lerman Charitable

Based on IRS filings

Your AI grants department

Ready to take the next step with Arthur J & Mary C Lerman Charitable?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $199K (40%)

Illinois $170K (34%)

Kentucky $126K (25%)

New York $1K (0%)

States

Florida Illinois Kentucky New York

Cities

LouisvilleMundeleinNew YorkNewportPalm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$1,734,628	$1,713,663	$1,726,620
Revenue	$223,618	$176,294	$-59,216
Expenses	$202,653	$189,251	$166,412
Qualifying Distributions	$137,967	$111,366	$110,940
Net Investment Income	$159,109	$98,409	$8,031
Distributable Amount	$158,046	$137,967	$111,366

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Grant Size Distribution

31 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Carmel Catholic High School Development ($60,000), Palm Beach Day Academy ($50,000), Louisville Orchestra ($10,000).

Recipient	Purpose	Amount
CARMEL CATHOLIC HIGH SCHOOL DEVELOPMENT MUNDELEIN, IL	GENERAL FUND	$60,000
LOUISVILLE ORCHESTRA LOUISVILLE, KY	GENERAL FUND	$10,000
PALM BEACH DAY ACADEMY PALM BEACH, FL	GENERAL FUND	$50,000
SAINT LEONARD CATHOLIC CHURCH LOUISVILLE, KY	GENERAL FUND	$5,842
SPEED ART MUSEUM LOUISVILLE, KY	GENERAL FUND	$7,410
THE QUEENS DAUGHTERS LOUISVILLE, KY	GENERAL FUND	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
MARY C LERMAN	PRESIDENT	4	—
ROBERT FRANK CORNELL	DIRECTOR	—	—
JOSEPH EDWARD CORNELL	DIRECTOR	—	—

Frequently Asked Questions

How large is Arthur J & Mary C Lerman Charitable?

As of 2025, Arthur J & Mary C Lerman Charitable holds $1.7M in total assets with $224K in annual revenue. It awarded 6 grants totaling $134K in 2025.

Where does Arthur J & Mary C Lerman Charitable operate?

Arthur J & Mary C Lerman Charitable has awarded grants in Florida, Illinois, Kentucky, New York.

What size grants does Arthur J & Mary C Lerman Charitable award?

In 2025, Arthur J & Mary C Lerman Charitable awarded 6 grants totaling $134K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is Arthur J & Mary C Lerman Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Arthur J & Mary C Lerman Charitable reported a distributable amount of $158K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Arthur J & Mary C Lerman Charitable's EIN?

Arthur J & Mary C Lerman Charitable's EIN (Employer Identification Number) is 61-1108075. IRS Form 990 filing data is available on this page for 2020–2025.