Arthur J & Mary C Lerman Charitable
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.
Arthur J & Mary C Lerman Charitable at a glance
In short: Arthur J & Mary C Lerman Charitable gave $134K across 6 grants in 2025 (avg $22K), top state Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $134,252
- +24.5% vs 2024
- Grants made (2025)
- 6
- +50.0% vs 2024
- Average grant
- $22,375
- -17.0% vs 2024
- Median grant
- $8,705
- Total assets
- $1,734,628
- +1.2% vs 2024
- Primary geography
- Illinois (45% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Arthur J & Mary C Lerman Charitable funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Carmel Catholic High School Development ($60K). Together the top 6 received $134K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 26 grants of 31 (84%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Arthur J & Mary C Lerman Charitable gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $15K (2021) to $134K (2025). In 2025 it made 6 grants totaling $134K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Carmel Catholic High School Development Mundelein, IL | General Fund | $60,000 |
| Palm Beach Day Academy Palm Beach, FL | General Fund | $50,000 |
| Louisville Orchestra Louisville, KY | General Fund | $10,000 |
| Speed Art Museum Louisville, KY | General Fund | $7,410 |
| Saint Leonard Catholic Church Louisville, KY | General Fund | $5,842 |
| The Queens Daughters Louisville, KY | General Fund | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,734,628 | $223,618 | $202,653 | $134,252 | 6 | $137,967 | $159,109 | $158,046 |
| 2024 | $1,713,663 | $176,294 | $189,251 | $107,831 | 4 | $111,366 | $98,409 | $137,967 |
| 2023 | $1,726,620 | $-59,216 | $166,412 | $107,308 | 7 | $110,940 | $8,031 | $111,366 |
| 2022 | $1,952,248 | $47,617 | $188,665 | $131,553 | 8 | $134,853 | — | $110,940 |
| 2021 | $2,093,296 | $318,509 | $74,956 | $15,200 | 6 | — | $262,053 | $138,381 |
| 2020 | $1,849,743 | $160,842 | $86,961 | $33,430 | 6 | — | $115,488 | $112,360 |
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.
Leadership & Key People
Officers and directors from IRS filings
Arthur J & Mary C Lerman Charitable is led by Mary C. Lerman, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mary C. Lerman
President
On filings since 2020
4 hrs/week
No compensation reported
Joseph Edward Cornell
Director
On filings since 2020
No compensation reported
Robert Frank Cornell
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Arthur J & Mary C Lerman Charitable
How much does Arthur J & Mary C Lerman Charitable give each year?
Arthur J & Mary C Lerman Charitable gave $134K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $108K across 4 grants.
What is Arthur J & Mary C Lerman Charitable's typical grant size?
Arthur J & Mary C Lerman Charitable's median grant in 2025 was $8,705, and its average grant was $22,375, across 6 grants on its 2025 IRS Form 990-PF.
Where does Arthur J & Mary C Lerman Charitable give grants?
Arthur J & Mary C Lerman Charitable's top state is Illinois, with 45% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (37%) and Kentucky (18%). The most frequent recipient cities were Louisville, KY (4 grants).
Does Arthur J & Mary C Lerman Charitable give general operating support?
Yes: 100% of Arthur J & Mary C Lerman Charitable's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Arthur J & Mary C Lerman Charitable's largest grantees?
Arthur J & Mary C Lerman Charitable's largest 2025 grantees include Carmel Catholic High School Development ($60,000), Palm Beach Day Academy ($50,000) and Louisville Orchestra ($10,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is Arthur J & Mary C Lerman Charitable?
Arthur J & Mary C Lerman Charitable reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $138K in qualifying distributions that year, against a required minimum of $158K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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