Carol Oppenheim and Jerome S Lamet

CHICAGO, IL EIN: 86-3914311

Carol Oppenheim and Jerome S Lamet is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 26 grants totaling $434K. Net investment income was $123K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.7M

-8.0% YoY

Annual Giving

$434K

+53.8% YoY

Grant Count

+4.0% YoY

Avg Grant Size

$17K

+47.9% YoY

Under IRS private-foundation payout rules, Carol Oppenheim and Jerome S Lamet reported a distributable amount of $210K for 2024 — the minimum it must pay out in qualifying distributions.

About Carol Oppenheim and Jerome S Lamet

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $495K (58%)

Delaware $170K (20%)

Michigan $93K (11%)

Colorado $51K (6%)

Kentucky $20K (2%)

Maryland $10K (1%)

California $5K (1%)

Florida $3K (0%)

+2 more states

States

California Colorado Delaware Florida Illinois Kentucky Maryland Michigan New Jersey Washington

Cities

Ann ArborBonita SpringsChicagoCliftonCollege ParkDetroitLincolnwoodLouisvilleOak ParkRockfordSan FranciscoSeattleSkokieSnowmass VillageWilmingtonWinnetka

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,723,486	$4,045,775	$3,980,872
Revenue	$157,645	$382,991	$4,035,722
Expenses	$479,934	$318,088	$154,683
Qualifying Distributions	$457,702	$298,341	$148,966
Net Investment Income	$122,505	$97,602	$31,004
Distributable Amount	$210,316	$201,132	$81,403

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

61 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Local Independent Online News Publishers Inc ($100,000), University of Michigan ($60,000), The Digs Chicago ($33,530).

Recipient	Purpose	Amount
ANDERSON RANCH ARTS CENTER SNOWMASS VILLAGE, CO	GENERAL CHARITABLE PURPOSES	$25,560
BLOCK CLUB CHICAGO CHICAGO, IL	GENERAL CHARITABLE PURPOSES	$20,000
BUILDING BRIGHTER FUTURES CENTER FOR THE ARTS CHICAGO, IL	GENERAL CHARITABLE PURPOSES	$6,500
CABINET OF CURIOSITY CHICAGO, IL	GENERAL CHARITABLE PURPOSES	$10,000
CARE FOR REAL CHICAGO, IL	GENERAL CHARITABLE PURPOSES	$10,000
GUARNERI CHICAGO, IL	GENERAL CHARITABLE PURPOSES	$10,000
KMAC MUSEUM INC LOUISVILLE, KY	GENERAL CHARITABLE PURPOSES	$10,000
LOCAL INDEPENDENT ONLINE NEWS PUBLISHERS INC WILMINGTON, DE	GENERAL CHARITABLE PURPOSES	$100,000
ONE HOPE UNITED CHICAGO, IL	GENERAL CHARITABLE PURPOSES	$20,000
READER INSTITUTE FOR COMMUNITY JOURNALISM CHICAGO, IL	GENERAL CHARITABLE PURPOSES	$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PETER D GOTTLIEB	PRESIDENT	2	—
LISA NEWMAN	DIRECTOR	1	$4,500
KATHLEEN WALSH	DIRECTOR	1	$4,500
TERRY G CHAPMAN	ASST SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Carol Oppenheim and Jerome S Lamet?

Carol Oppenheim and Jerome S Lamet is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $3.7M in total assets as of 2024.

How large is Carol Oppenheim and Jerome S Lamet?

As of 2024, Carol Oppenheim and Jerome S Lamet holds $3.7M in total assets with $158K in annual revenue. It awarded 26 grants totaling $434K in 2024.

Where does Carol Oppenheim and Jerome S Lamet operate?

Carol Oppenheim and Jerome S Lamet has awarded grants in California, Colorado, Delaware, Florida, Illinois, Kentucky, Maryland, Michigan, New Jersey, Washington.

What size grants does Carol Oppenheim and Jerome S Lamet award?

In 2024, Carol Oppenheim and Jerome S Lamet awarded 26 grants totaling $434K — an average of about $17K per grant, based on its IRS Form 990 filings.

How much is Carol Oppenheim and Jerome S Lamet required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Carol Oppenheim and Jerome S Lamet reported a distributable amount of $210K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Carol Oppenheim and Jerome S Lamet's EIN?

Carol Oppenheim and Jerome S Lamet's EIN (Employer Identification Number) is 86-3914311. IRS Form 990 filing data is available on this page for 2021–2024.