Grace F Lamb Trust B

PITTSBURGH, PA EIN: 13-6210810

Grace F Lamb Trust B is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.6M in total assets. In 2024, it awarded 2 grants totaling $462K. Net investment income was $687K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.6M

+2.4% YoY

Annual Giving

$462K

+9.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$231K

+9.2% YoY

Under IRS private-foundation payout rules, Grace F Lamb Trust B reported a distributable amount of $484K for 2024 — the minimum it must pay out in qualifying distributions.

About Grace F Lamb Trust B

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $2.2M (91%)

Maryland $231K (9%)

States

Maryland New York

Cities

HagerstownNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,581,387	$8,383,645	$8,308,112
Revenue	$752,819	$579,954	$306,131
Expenses	$553,974	$503,096	$660,440
Qualifying Distributions	$477,737	$436,902	$577,488
Net Investment Income	$686,951	$522,581	$248,761
Distributable Amount	$483,692	$434,309	$461,361

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Memorial Sloan-kettering Cancer Ctr ($230,823), New York Presbyterian Hospital ($230,823).

Recipient	Purpose	Amount
MEMORIAL SLOAN-KETTERING CANCER CTR HAGERSTOWN, MD	GENERAL OPERATING	$230,823
NEW YORK PRESBYTERIAN HOSPITAL NEW YORK, NY	GENERAL OPERATING	$230,823

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BNY MELLON N A	TRUSTEE	1	$79,206

Frequently Asked Questions

How large is Grace F Lamb Trust B?

As of 2024, Grace F Lamb Trust B holds $8.6M in total assets with $753K in annual revenue. It awarded 2 grants totaling $462K in 2024.

Where does Grace F Lamb Trust B operate?

Grace F Lamb Trust B has awarded grants in Maryland, New York.

What size grants does Grace F Lamb Trust B award?

In 2024, Grace F Lamb Trust B awarded 2 grants totaling $462K — an average of about $231K per grant, based on its IRS Form 990 filings.

How much is Grace F Lamb Trust B required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Grace F Lamb Trust B reported a distributable amount of $484K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.