GRANTS ARE MADE ACCORDING TO THE LAST WILL AND TESTAMENT OFJOHN L SEVERENCE DATED JANUARY 31, 1935 IN CONJUNCTION WITH THE TRUST AGREEMENT DATED DECEMBER 23, 1915 AND THE OPERATING AGREEMENT DATED APRIL 30, 2009. IN COMPLIANCE WITH THE TRUST DOCUMENT, KEYBANK AS TRUSTEE, MAKES GRANTS TO THE CLEVELAND MUSEUM OF ART TO BE USED TO PURCHASE WORKS OF ART. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARY HAS CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THEBENEFICIARIES ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THE CHARITY HAS A RIGHT TO DIRECT OR APPROVE INVESTMENTS AND THETRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO INSURE THECONTINUATION TO QUALIFY AS A 509(A)(3).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$64.1M
+15.7% YoY
Annual Giving
$3.7M
-3.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3.7M
-3.0% YoY
About John L Severance
Based on IRS filings
John L Severance is a nonprofit organization focused on Arts, Culture & Humanities, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $64.1M in total assets. In 2024, it awarded 1 grants totaling $3.7M. Net investment income was $13.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $64,091,830 | $55,391,624 | $57,587,472 |
| Revenue | $13,036,691 | $2,017,091 | $3,316,435 |
| Expenses | $4,167,851 | $4,212,937 | $4,560,349 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $13,030,715 | $2,017,091 | $3,316,435 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Cleveland Museum of Art ($3,729,976).
| Recipient | Purpose | Amount |
|---|---|---|
| THE CLEVELAND MUSEUM OF ART CLEVELAND, OH | USED FOR THE PURCHASE OF WORKS OF ART. | $3,729,976 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Russ Klimczuk | CMA Asst Treasurer of Finance | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is John L Severance?
John L Severance is a nonprofit organization focused on Arts, Culture & Humanities, based in BROOKLYN, OH. It holds $64.1M in total assets as of 2024.
How large is John L Severance?
As of 2024, John L Severance holds $64.1M in total assets with $13.0M in annual revenue. It awarded 1 grants totaling $3.7M in 2024.
Where does John L Severance operate?
John L Severance has awarded grants in Ohio.
What size grants does John L Severance award?
In 2024, John L Severance awarded 1 grants totaling $3.7M — an average of about $3.7M per grant, based on its IRS Form 990 filings.
What is John L Severance's EIN?
John L Severance's EIN (Employer Identification Number) is 34-6506884. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in John L Severance's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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