Katherine Lorraine Funston Memorial Fund

BROOKLYN, OH EIN: 06-6494139

Katherine Lorraine Funston Memorial Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 2 grants totaling $71K. Net investment income was $34K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

-3.6% YoY

Annual Giving

$71K

+3.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$35K

+3.3% YoY

Under IRS private-foundation payout rules, Katherine Lorraine Funston Memorial Fund reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.

About Katherine Lorraine Funston Memorial Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $201K (61%)

New York $129K (39%)

States

New York Tennessee

Cities

NashvilleSchuylerville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,151,714	$1,194,761	$1,229,750
Revenue	$46,561	$50,383	$56,510
Expenses	$88,792	$85,369	$82,997
Qualifying Distributions	$75,898	$73,098	$67,497
Net Investment Income	$34,263	$36,680	$43,700
Distributable Amount	$62,652	$58,109	$60,446

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include United Methodist Church ($52,914), Schuylerville United Methodist ($17,638).

Recipient	Purpose	Amount
SCHUYLERVILLE UNITED METHODIST SCHUYLERVILLE, NY	GENERAL OPERATING	$17,638
UNITED METHODIST CHURCH NASHVILLE, TN	GENERAL OPERATING	$52,914

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$15,182

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Katherine Lorraine Funston Memorial Fund?

Katherine Lorraine Funston Memorial Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLYN, OH. It holds $1.2M in total assets as of 2024.

How large is Katherine Lorraine Funston Memorial Fund?

As of 2024, Katherine Lorraine Funston Memorial Fund holds $1.2M in total assets with $47K in annual revenue. It awarded 2 grants totaling $71K in 2024.

Where does Katherine Lorraine Funston Memorial Fund operate?

Katherine Lorraine Funston Memorial Fund has awarded grants in New York, Tennessee.

What size grants does Katherine Lorraine Funston Memorial Fund award?

In 2024, Katherine Lorraine Funston Memorial Fund awarded 2 grants totaling $71K — an average of about $35K per grant, based on its IRS Form 990 filings.

How much is Katherine Lorraine Funston Memorial Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Katherine Lorraine Funston Memorial Fund reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Katherine Lorraine Funston Memorial Fund's EIN?

Katherine Lorraine Funston Memorial Fund's EIN (Employer Identification Number) is 06-6494139. IRS Form 990 filing data is available on this page for 2020–2024.