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Jerome Foundation Inc

SAINT PAUL, MN EIN: 41-6035163 Website

Jerome Foundation Inc is a private foundation based in Saint Paul, Minnesota, founded in 1964 by artist and philanthropist Jerome Hill (1905-1972). The foundation supports early-career artists and nonprofit arts organizations through multi-year grants that enable the creation, development, and presentation of new works across multiple artistic disciplines.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$5.3M

-3.4% YoY

Grant Count

168

-8.7% YoY

Avg Grant Size

$32K

+5.8% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Jerome Foundation honors Jerome Hill's legacy by supporting early-career artists and culture bearers who take creative risks, pursue innovative artistic approaches, and demonstrate clear creative purpose and vision. The foundation prioritizes artists at this pivotal stage to nurture their creative growth and recognize the dynamic, multi-dimensional impact they have in fostering thriving, evolving communities.

The foundation's grantmaking focuses on:

  • Support for early-career, generative artists across seven artistic fields
  • Arts organizations rooted in practices of belonging, nurture, equity, love, and respect
  • Creation, development, and presentation of new works
  • Residencies, mentorships, fellowships, professional and new work development programs, productions, and commissions

Grantmaking

Applications operate on a rolling deadline basis. Current application status varies by program.

Grant Range

s and Activity:**

Review Cycle

basis. Current application status varies by program.

How to Apply

**

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Geographic Focus

Where this funder awards grants

Jerome Foundation makes grants to artists and nonprofit arts organizations in:

  • Minnesota (urban and rural)
  • New York City (five boroughs)
  • South Dakota

These three states account for 99% of all grants. Grantmaking reaches organizations across seven states total.

Grant Distribution by State

10states
+2 more states

Cities

ASTORIAAndoverAstoriaBRONXBROOKLYNBUFFALOBaltimoreBeverly HillsBronxBrooklynBrooklyn ParkBurnsvilleCAMBRIA HEIGHTSCHICAGOCORONAChicagoColumbia HeightsCottage GroveDULUTHDuluth

Financial History

Multi-year comparison from IRS filings

Assets and Income:

  • Total assets: $114.7 million (as of 2024)
  • Total assets have grown from $81.4 million in 2011 to $113.2 million in 2024
  • Annual income: $52.7 million
  • Annual revenue: $16.3 million

Tax Status:

  • Tax-exempt since July 1964
  • EIN: 41-6035163
  • Contributions are tax-deductible
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.1202020212022202320242025
Metric202520242023
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$3M$4M$6M164 grants2020231 grants2021181 grants2022158 grants2023184 grants2024168 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Color Congress$100KAmerican Composers Forum$88KFirst Peoples Fund$60KBrooklyn Arts Exchange$48KAsian American Writers' …$45KCave Canem$45KFirelight Media$44KBronx Documentary Center$40KEyebeam$36KBronx Museum of the Arts$35K

Grant Size Distribution

250 grants across all recorded years

230<$50K16$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

Open Grants

6 open opportunities from Jerome Foundation Inc

Show all 6 →

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

  • Ben Cameron - Principal Officer
  • Kate Barr - Board Chair
  • The foundation is governed by 9 officers and trustees

Compensation Overview

From 2025 IRS filing

Eleanor SavagePresident & CEO$330K

From 2025 filing

NameTitleHoursCompensation
Eleanor SavagePresident & CEO50$330,009
Kate BarrChair3.5
Daniel Alexander JonesVice Chair2
Richard ScottSecretary & Treasurer3.5
Helga DavisDirector2
Lori PourierDirector2
Sanjit SethiDirector2
Sarah BellamyDirector1
Thomas Lax Left Dec 2024Director1
Salome AsegaDirector1
Kate BeaneDirector1
Janet WongDirector1

Recent News & Activity

Recent developments and announcements

2025

The foundation announced the 2025-2028 Jerome Hill Artist Fellows cohort. In 2024, Jerome Foundation announced $5.5 million in arts grants. The foundation maintains active grantmaking across its multiple programs, with six live grant opportunities currently available.

Jerome Foundation Announces $5.5 Million in Grants \u2013 Twin Cities Arts\

Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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