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.
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
6
+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
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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.
Explore Open Grants
Browse active grant opportunities in Arthur J & Mary C Lerman Charitable's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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