John L Severance

Foundation · Grantmaker Brooklyn, OH EIN: 34-6506884

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

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 1 itemized 2025 grant dollars.

States

Cities

Cleveland

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M2019202020212022202320242025
Metric202520242023
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

  1. Added Form 990 for fiscal year 2019 (received by the IRS May 5, 2020)
  2. Added Form 990 for fiscal year 2025 (received by the IRS May 7, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M1 grants20191 grants20201 grants20211 grants20221 grants20231 grants20241 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2025

The Cleveland Museum of Art: $4.2MThe Cleveland Museum of Art$4.2M

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
THE CLEVELAND MUSEUM OF ART Cleveland, OHUSED 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.

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