Jerome Foundation
Jerome Foundation is a philanthropic organization founded in 1964 by artist and philanthropist Jerome Hill (1905-1972). The foundation is headquartered in Saint Paul, Minnesota, and operates as a private foundation supporting the arts sector.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
-5.1% YoY
Annual Giving
$987K
+1.5% YoY
Grant Count
45
+4.7% YoY
Avg Grant Size
$22K
-3.0% YoY
Under IRS private-foundation payout rules, Jerome Foundation reported a distributable amount of $945K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Jerome Foundation honors Jerome Hill's legacy through multi-year grants supporting the creation, development, and presentation of new works by early-career artists. The foundation supports 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 pivotal stages of their careers to nurture creative growth and recognize the dynamic, multi-dimensional impact they have in fostering thriving, evolving communities.
Grantmaking
Jerome Foundation makes grants to not-for-profit arts organizations and individual artists. Recent grant activity includes awards in film, video, digital media, and performing arts disciplines.
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Geographic Focus
Where this funder awards grants
Jerome Foundation makes grants to artists and arts organizations in Minnesota and New York City.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total assets: $4,664,187
- Total giving: $987,200
- Annual revenue: $16,261,583
- Staff: 5 employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,664,187 | $4,914,581 | $5,088,045 |
| Revenue | $754,565 | $819,116 | $649,000 |
| Expenses | $991,387 | $983,215 | $823,441 |
| Qualifying Distributions | $987,200 | $972,315 | $808,450 |
| Net Investment Income | $704,565 | $663,675 | $592,375 |
| Distributable Amount | $945,232 | $852,734 | $867,748 |
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
204 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Frank Jerome Philippines Foundation ($250,000), Variety BoysGirls Club ($45,200), Jerome Peacock-USC Loan ($42,000).
| Recipient | Purpose | Amount |
|---|---|---|
| La Habra Children's Museum La Habra, CA | Unrestricted | $20,000 |
| Variety BoysGirls Club Los Angeles, CA | Unrestricted | $45,200 |
| YMCA - Whittier Whittier, CA | Unrestricted | $10,000 |
| Challenged Athletes Foundation Long Beach, CA | Unrestricted | $10,000 |
| Children's Hospital of LA Los Angeles, CA | Unrestricted | $20,000 |
| Children's Hospital of OC Orange, CA | Unrestricted | $15,000 |
| Myasthenia Gravis Fndtn Los Angeles, CA | Unrestricted | $16,000 |
| Future Farmer's - Nat'l Indianapolis, IN | Unrestricted | $16,000 |
| Whittier BoysGirls Club Whittier, CA | Unrestricted | $10,000 |
| Jr Achievement LA Los Angeles, CA | Unrestricted | $16,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Kate Barr serves as Board Chair.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James M Andreoli | President | — | — |
| Richard Jerome | Vice President | — | — |
| Jeffrey Wilson | Sec. & Treas. | — | — |
| Mitchell Ebright | Vice President | — | — |
| Martha E Morales | VP & Asst Treas | — | — |
| Anthony Andreoli | Vice President | — | — |
| James A Andreoli | Vice President | — | — |
| Andrew Andreoli | Vice President | — | — |
| Ana Andreoli | Vice President | — | — |
| Jason Andreoli | Vice President | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has announced grant recipients for multiple funding cycles, including:
Jerome Foundation's 2025 Minnesota & New York City Film Grants ...2025 Minnesota & New York City Film Grants
Jerome Foundation's 2025 Minnesota & New York City Film Grants ...2026-27 QM-Jerome Foundation Fellowship for Emerging Artists
Announcing Recipients of 2026-27 QM-Jerome Foundation ...Frequently Asked Questions
What does Jerome Foundation fund?
Jerome Foundation honors Jerome Hill's legacy through multi-year grants supporting the creation, development, and presentation of new works by early-career artists. The foundation supports 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 pivotal stages of their careers to nurture creative growth and recognize the dynamic, multi-dimensional impact they …
How do I apply for a grant from Jerome Foundation?
Jerome Foundation makes grants to not-for-profit arts organizations and individual artists. Recent grant activity includes awards in film, video, digital media, and performing arts disciplines. **Grant Characteristics:** • Typical award range: $1,200–$250,000 • Multi-year grant structure • Focus on emerging and early-career artists **Foundation Culture & Approach:** The foundation operates from practices of belonging, nurture, equity, love, and respect. It employs a relational and trust-based a…
Where does Jerome Foundation make grants?
Jerome Foundation makes grants to artists and arts organizations in Minnesota and New York City.
What size grants does Jerome Foundation award?
In 2024, Jerome Foundation awarded 45 grants totaling $987K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Jerome Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jerome Foundation reported a distributable amount of $945K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jerome Foundation's EIN?
Jerome Foundation's EIN (Employer Identification Number) is 95-6039063. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Jerome Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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