Jerome & Kenneth Lipper Foundation
Jerome & Kenneth Lipper Foundation is a private foundation, based in East Hampton, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $617K in total assets. In 2024, it awarded 5 grants totaling $58K. Net investment income was $22K.
Jerome & Kenneth Lipper Foundation at a glance
In short: Jerome & Kenneth Lipper Foundation gave $58K across 5 grants in 2024 (avg $12K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $58,425
- -44.2% vs 2023
- Grants made (2024)
- 5
- -54.5% vs 2023
- Average grant
- $11,685
- +22.7% vs 2023
- Median grant
- $4,000
- Total assets
- $617,206
- -8.2% vs 2023
- Primary geography
- New York (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jerome & Kenneth Lipper Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Columbia Zuckerman Institute ($34K). Together the top 5 received $58K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 43 grants of 44 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Jerome & Kenneth Lipper Foundation gives
- Giving fell 42% from 2021 to 2024. Method
- In 2024 it paid out 198% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $57K (2020) to $105K (2023). In 2024 it made 5 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Columbia Zuckerman Institute New York, NY | General Support | $33,903 |
| East Hampton Library East Hampton, NY | General Support | $20,322 |
| World Affairs Council Seattle, WA | General Support | $4,000 |
| UCLA Hillel Los Angeles, CA | General Support | $100 |
| Wikimedia Foundation San Francisco, CA | General Support | $100 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $617,206 | $21,928 | $76,853 | $58,425 | 5 | $58,425 | $21,823 | $29,556 |
| 2023 | $672,131 | $66,219 | $111,305 | $104,773 | 11 | $109,973 | $64,887 | $29,006 |
| 2022 | $718,898 | $-37,423 | $76,538 | $66,475 | 11 | $66,475 | $7,507 | $33,936 |
| 2021 | $834,184 | $64,392 | $101,883 | $101,000 | 7 | $101,000 | $63,648 | $37,198 |
| 2020 | $872,181 | $30,236 | $64,419 | $57,000 | 10 | — | $30,174 | $36,437 |
Under IRS private-foundation payout rules, Jerome & Kenneth Lipper Foundation reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jerome & Kenneth Lipper Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kenneth Lipper
Trustee
On filings since 2020
0.1 hrs/week
No compensation reported
Julie Wilcox
Trustee
On filings since 2022
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Adam Zalma (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 Jerome & Kenneth Lipper Foundation
How much does Jerome & Kenneth Lipper Foundation give each year?
Jerome & Kenneth Lipper Foundation gave $58K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $105K across 11 grants.
What is Jerome & Kenneth Lipper Foundation's typical grant size?
Jerome & Kenneth Lipper Foundation's median grant in 2024 was $4,000, and its average grant was $11,685, across 5 grants on its 2024 IRS Form 990-PF.
Where does Jerome & Kenneth Lipper Foundation give grants?
Jerome & Kenneth Lipper Foundation gives mostly in New York: 93% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Washington (7%).
Does Jerome & Kenneth Lipper Foundation give general operating support?
Yes: 100% of Jerome & Kenneth Lipper Foundation's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Jerome & Kenneth Lipper Foundation's largest grantees?
Jerome & Kenneth Lipper Foundation's largest 2024 grantees include Columbia Zuckerman Institute ($33,903), East Hampton Library ($20,322) and World Affairs Council ($4,000), according to its 2024 IRS Form 990-PF.
How large is Jerome & Kenneth Lipper Foundation?
Jerome & Kenneth Lipper Foundation reported $617K in total assets on its 2024 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).
What is Jerome & Kenneth Lipper Foundation's EIN?
Jerome & Kenneth Lipper Foundation's EIN (Employer Identification Number) is 13-7157260. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work Jerome & Kenneth Lipper Foundation funds
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