The Gerard B Lambert Foundation is a private grantmaking foundation established in 1976 by Rachel Lambert "Bunny" Mellon to honor her father, Gerard Barnes Lambert (1886-1967), a St. Louis-based industrialist and World War I veteran. Based in Harrison, New York, the foundation became an active grantmaking institution in 2014 following Bunny Mellon's death and the transfer of her estate to the foundation. The foundation holds 501(c)(3) tax-exempt status and has been recognized as tax-exempt since February 2002.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$95.0M
+2.9% YoY
Annual Giving
$8.8M
+75.0% YoY
Grant Count
28
+16.7% YoY
Avg Grant Size
$316K
+50.0% YoY
Mission & Focus Areas
The foundation focuses on children's health and well-being, historic preservation, arts in healthcare settings, and nature-based healing approaches. The foundation emphasizes a holistic approach to wellness, with leadership noting that activities like gardening can serve therapeutic purposes for children.
The foundation was instrumental in the development of the Oak Spring Garden Library and its contents, which promotes the advancement of practical and theoretical knowledge of botanical specimens, gardens, garden design, and history. In 2016, the foundation transferred its interest in Oak Spring Garden LLC to the Oak Spring Garden Foundation, a private operating foundation established by Rachel Mellon, which continues to maintain and operate the library.
Grantmaking
The foundation operates on an invitation-only basis and does not accept unsolicited grant requests. It makes contributions only to preselected charitable organizations.
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Geographic Focus
Where this funder awards grants
The foundation has a national focus with particular concentration in the Washington D.C. area. Primary funding areas include the District of Columbia, New York, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $95,006,980
- Total charitable disbursements: $9,088,930
- Number of grants: 24
Assets & Giving (2023):
- Total assets: $92,294,669
- Total revenue: $3,661,593
- Total expenses: $5,905,940
Assets & Giving (2023 - Alternative Source):
- Total assets: $92.3 million
- Revenue: $3.66 million
- Expenses: $5.91 million
- Total liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $95,006,980 | $92,294,669 | $86,043,475 |
| Revenue | $4,050,359 | $3,661,593 | $9,549,805 |
| Expenses | $9,514,485 | $5,905,940 | $5,834,327 |
| Qualifying Distributions | $9,088,930 | $5,282,827 | $5,284,006 |
| Net Investment Income | $3,878,521 | $2,824,135 | $8,546,482 |
| Distributable Amount | $4,657,116 | $4,307,070 | $4,077,381 |
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
106 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Thomas L Lloyd – Director, President, Treasurer
- Stacy B Lloyd IV – Director, Vice President
- Jane MacLennan – Director, Secretary
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS L LLOYD | DIRECTOR, PRESIDENT, TREASURER | 4 | — |
| STACY B LLOYD IV | DIRECTOR, VICE PRESIDENT | 4 | — |
| JANE MACLENNAN | DIRECTOR, SECRETARY | 4 | — |
Recent News & Activity
Recent developments and announcements
The foundation has established significant initiatives at the White House Historical Association, including the Gerard B. Lambert Endowed Chair in White House History and the Gerard B. Lambert Foundation Fellows in White House History Program. The foundation's $8 million gift to the White House Historical Association represents one of its major recent commitments.
Gerard B. Lambert Foundation Fellowship in White House HistoryThe foundation has also supported organizations such as RxArt, which commissions contemporary artists to transform sterile children's hospitals into engaging and inspiring environments, reflecting the foundation's commitment to arts in healthcare settings.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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