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).
Key facts about John L Severance
In short: John L Severance gave $4.2M across 1 grant in 2025 (avg $4.2M), mostly in Ohio. Source: 2025 IRS Form 990.
- EIN
- 34-6506884
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $4,244,559
- Grants made (2025)
- 1
- Average grant
- $4,244,559
- Median grant
- $4,244,559
- Total assets
- $62,320,777
- Primary geography
- Ohio (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Quick answers about John L Severance
How much does John L Severance give each year?
John L Severance gave $4.2M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $3.7M across 1 grant.
How large is John L Severance?
John L Severance reported $62.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.7M.
How John L Severance gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
From the foundation's IRS Form 990 filings. Methodology.
Next steps with John L Severance
- How to evaluate John L Severance as a funder
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Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$62.3M
-2.8% YoY
Annual Giving
$4.2M
+13.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$4.2M
+13.8% 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 2019 through 2025. As of 2025, the organization holds $62.3M in total assets. In 2025, it awarded 1 grant totaling $4.2M. Net investment income was $2.7M.
Focus Areas
Ready to take the next step with John L Severance?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $62,320,777 | $64,091,830 | $55,391,624 |
| Revenue | $2,728,609 | $13,036,691 | $2,017,091 |
| Expenses | $4,668,299 | $4,167,851 | $4,212,937 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,728,609 | $13,030,715 | $2,017,091 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 5, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
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 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| THE CLEVELAND MUSEUM OF ART Cleveland, OH | USED FOR THE PURCHASE OF WORKS OF ART. | $4,244,559 |
Leadership & Key People
Officers and directors from IRS filings
John L Severance's only listed officer is Russ Klimczuk, Cma Assistant Treasurer of Finance on every filing since 2019 (uncompensated).
Officers on the 2025 filing
Russ Klimczuk
Cma Assistant Treasurer of Finance
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
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 $62.3M in total assets as of 2025.
Where does John L Severance operate?
John L Severance has awarded grants in Ohio.
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 2019–2025.
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Data last updated September 2026. Sourced from IRS Form 990 filings.