The John C. Lasko Foundation Trust is a private grantmaking foundation established in 1998 in Michigan and reincorporated in 2010 under a new IRS Employer Identification Number (27-6173297). Based in Pennington, New Jersey, the foundation was created as the philanthropic legacy of John C. Lasko (1920-2011), founder of Republic Tool and Die in Belleville, Michigan, which became the largest privately owned tool and die company in North America. The foundation is co-administered by Bank of America, N.A. and individual trustee Sean H. Cook.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$129.6M
+1.3% YoY
Annual Giving
$6.7M
-4.0% YoY
Grant Count
15
-16.7% YoY
Avg Grant Size
$448K
+15.2% YoY
Mission & Focus Areas
The John C. Lasko Foundation Trust has a singular and explicit mission: "to build churches that will last forever and will never deviate or change from God's mission."
The foundation's funding is exclusively dedicated to church sanctuary construction. Grants support the construction of worship space, specifically the sanctuary portion of church buildings. Funding excludes areas such as fellowship halls, classrooms, office areas, kitchens, and baptisteries.
Grantmaking
Grant Range
** $41,663 to $1,541,471, with a typical cap of $500,000 per award. Grants are capped at 50% of total project costs.
Review Cycle
of September 30, with notification by January 31 (approximately 4-month decision time).
How to Apply
** Two-phase competitive process with a fixed annual deadline of September 30, with notification by January 31 (approximately 4-month decision time).
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Geographic Focus
Where this funder awards grants
The John C. Lasko Foundation Trust funds churches throughout the United States on a nationwide basis. The foundation supports a wide range of cities and states across the country, including locations in Alabama, California, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New York, North Carolina, Ohio, South Carolina, Tennessee, Wisconsin, and other states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: Approximately $129.5 million
- 2024: $130 million
- 2023: $127.9 million
Annual Revenue: Approximately $9.8 million (2024)
Annual Expenses: Approximately $8.2 million (2024)
Total Liabilities: $0 (2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $129,555,558 | $127,885,935 | $129,498,486 |
| Revenue | $9,817,898 | $6,901,866 | $9,526,663 |
| Expenses | $8,210,826 | $8,420,402 | $6,972,588 |
| Qualifying Distributions | $7,673,076 | $7,860,766 | $6,204,438 |
| Net Investment Income | $9,294,567 | $6,307,418 | $8,907,778 |
| Distributable Amount | $7,048,222 | $6,506,513 | $6,627,619 |
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
80 grants across all recorded years
Open Grants
1 open opportunity from John C Lasko Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Co-Trustees:
- Sean H. Cook (individual trustee)
- Bank of America N.A. (corporate co-trustee)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SEAN H COOK | CO-TRUSTEE | 3 | $104,413 |
| BANK OF AMERICA N A | CO-TRUSTEE | 2 | $690,115 |
Recent News & Activity
Recent developments and announcements
The foundation maintains an active grantmaking program with one live grant opportunity listed. The foundation's most recent IRS Form 990-PF filing is from 2024, with financial data last updated in February 2026.
Lakewood-Rocky River Rotary Foundation awards record $84K in grants \u2014\Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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