Jerome Foundation 22720-6

Foundation · Grantmaker TERRACE PARK, OH EIN: 25-6066649

Jerome Foundation 22720-6 is a private foundation, based in TERRACE PARK, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $310K in total assets. In 2024, it awarded 3 grants totaling $750.

Key facts about Jerome Foundation 22720-6

EIN: 25-6066649
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $750
Grants made (2024): 3
Average grant: $250
Median grant: $250
Total assets: $310,077
Primary geography: Pennsylvania (67% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Jerome Foundation 22720-6 funds

By grant dollars, the top recipient states for Jerome Foundation 22720-6's 3 itemized 2024 grants were Pennsylvania (67%) and Florida (33%). 100% of grants with a stated purpose were for general or operating support.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$310K

-1.8% YoY

Annual Giving

$750

-70.0% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$250

-90.0% YoY

Under IRS private-foundation payout rules, Jerome Foundation 22720-6 reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

About Jerome Foundation 22720-6

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $500 (67%)

Florida $250 (33%)

Share of all 3 itemized 2024 grant dollars.

States

California Florida Kansas Pennsylvania

Cities

New KensingtonBethlehemArnoldSanta ClaritaTarentumPittsburghTopekaDelmontElizabethtownJacksonvilleLower BurrellNatrona HeightsOakmont

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$310,077	$315,603	$342,422
Revenue	$1,950	$230	$19
Expenses	$5,847	$29,500	$29,095
Qualifying Distributions	$750	$2,500	$12,347
Net Investment Income	—	$230	—
Distributable Amount	$11,771	$4,895	$124

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Gardian Angels Parish ($250), St Peters Roman Chatholic Church ($250), Wounded Warrior Project ($250).

Recipient	Purpose	Amount
GARDIAN ANGELS PARISH NATRONA HEIGHTS, PA	UNRESTRICTED DONATION	$250
ST PETERS ROMAN CHATHOLIC CHURCH ELIZABETHTOWN, PA	UNRESTRICTED DONATION	$250
WOUNDED WARRIOR PROJECT JACKSONVILLE, FL	UNRESTRICTED DONATION	$250

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KIM MICHELSON	TRUSTEE	—	$2,000

Frequently Asked Questions

How large is Jerome Foundation 22720-6?

As of 2024, Jerome Foundation 22720-6 holds $310K in total assets with $2K in annual revenue. It awarded 3 grants totaling $750 in 2024.

Where does Jerome Foundation 22720-6 operate?

Jerome Foundation 22720-6 has awarded grants in California, Florida, Kansas, Pennsylvania.

What size grants does Jerome Foundation 22720-6 award?

In 2024, Jerome Foundation 22720-6 awarded 3 grants totaling $750 — an average of about $250 per grant, based on its IRS Form 990 filings.

How much is Jerome Foundation 22720-6 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jerome Foundation 22720-6 reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.