Laterman Family Foundation
Laterman Family Foundation is a private foundation based in New York, NY. In 2024, it reported 41 grants totaling $383,550 to organizations including educational, medical, cultural, community, and sports organizations.
Key facts about Laterman Family Foundation
In short: Laterman Family Foundation gave $384K across 41 grants in 2024 (avg $9K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 92-1426465
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $383,550
- Grants made (2024)
- 41
- Average grant
- $9,355
- Median grant
- $2,500
- Total assets
- $4,722,804
- Primary geography
- New York (54% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
-4.2% YoY
Annual Giving
$384K
+22.7% YoY
Grant Count
41
+64.0% YoY
Avg Grant Size
$9K
-25.2% YoY
Under IRS private-foundation payout rules, Laterman Family Foundation reported a distributable amount of $231K for 2024 — the minimum it must pay out in qualifying distributions.
How Laterman Family Foundation gives
- 23% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 188% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission statement is provided. Its grants show support for a range of organizations. For example, the Icahn School of Medicine at Mount Sinai describes its mission as advancing science, medicine, and health care delivery; the Baruch College Fund says it promotes the educational welfare of students at Baruch College; and the Ballet Theatre Foundation says it presents and preserves classical dance through performances and educational programming.
Other recipients describe missions related to amateur hockey and rowing, Jewish community support, cancer research, and education, entrepreneurialism, and workforce development. These are the recipient organizations’ stated missions, not stated priorities of the foundation.
Grantmaking
In 2024, the foundation made 41 grants totaling $383,550. Grant amounts ranged from $250 to $50,000, with a median grant of $2,500.
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Geographic Focus
Where this funder awards grants
In 2024, grant dollars by recipient state were distributed as follows: New York, 54%; California, 27%; New Jersey, 7%; Colorado, 7%; and Wisconsin, 3%.
Grant Distribution by State
Share of 2024 grant dollars across all 41 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $313K (2023) to $384K (2024). In 2024 it made 41 grants totaling $384K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The Baruch College Fund ($65K across 2 grants). Together the top 10 received $319K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 61 grants of 66 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Concern Foundation for Cancer Research Los Angeles, CA | General Operations | $50,000 |
| Icahn School of Medicine at Mount Sinai New York, NY | General Operations | $50,000 |
| The Baruch College Fund New York, NY | General Operations | $50,000 |
| USC Shoah Foundation Los Angeles, CA | General Operations | $30,000 |
| United States Rowing Association Princeton, NJ | General Operations | $25,000 |
| USA Hockey Foundation Colorado Springs, CO | General Operations | $25,000 |
| USC Shoah Foundation Los Angeles, CA | General Operations | $25,000 |
| United Jewish Appeal - Federation of Jewish Philanthropies of New York New York, NY | General Operations | $20,000 |
| The Baruch College Fund New York, NY | General Operations | $15,000 |
| 92ND Street Y New York, NY | General Operations | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $4,722,804 | $5,754 | $352,153 | $383,550 | 41 |
| 2023 | $4,930,470 | $5,043,776 | $560,662 | $312,650 | 25 |
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $4,722,804 | $4,930,470 |
| Revenue | $5,754 | $5,043,776 |
| Expenses | $352,153 | $560,662 |
| Qualifying Distributions | $434,778 | $316,449 |
| Net Investment Income | $238,220 | $227,261 |
| Distributable Amount | $230,818 | $216,040 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Frances Laterman as president and trustee; Dov C Schlein as treasurer and trustee; and Joshua Laterman and Laura Laterman as trustees.
Laterman Family Foundation is led by Frances Laterman, President & Trustee on every filing since 2023; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Frances Laterman
President & Trustee
On filings since 2023
1 hr/week
No compensation reported
Dov C. Schlein
Treasurer & Trustee
On filings since 2023
1 hr/week
No compensation reported
Joshua Laterman
Trustee
On filings since 2023
1 hr/week
No compensation reported
Laura Laterman
Trustee
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 152 West 57Th Street - 21St Floor, New York, NY 10019
Phone: (212) 507-9125
Frequently asked questions about Laterman Family Foundation
How much does Laterman Family Foundation give each year?
Laterman Family Foundation gave $384K across 41 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $313K across 25 grants.
What is Laterman Family Foundation's typical grant size?
Laterman Family Foundation's median grant in 2024 was $2,500, and its average grant was $9,355, across 41 grants on its 2024 IRS Form 990-PF.
Where does Laterman Family Foundation give grants?
Laterman Family Foundation gives mostly in New York: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (27%) and New Jersey (7%). The most frequent recipient cities were New York, NY (29 grants), Los Angeles, CA (3 grants) and Arlington, TX (2 grants).
Does Laterman Family Foundation give general operating support?
Yes: 100% of Laterman Family Foundation's 2024 grants with a stated purpose (41 of 41) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Laterman Family Foundation's largest grantees?
Laterman Family Foundation's largest 2024 grantees include The Baruch College Fund ($65,000 across 2 grants), USC Shoah Foundation ($55,000 across 2 grants) and Concern Foundation for Cancer Research ($50,000), according to its 2024 IRS Form 990-PF. Together they received 44% of its itemized 2024 grant dollars.
How large is Laterman Family Foundation?
Laterman Family Foundation reported $4.7M in total assets on its 2024 IRS Form 990-PF. It paid out $435K in qualifying distributions that year, against a required minimum of $231K (roughly 5% of its investment assets).
What does Laterman Family Foundation fund?
No foundation mission statement is provided. Its grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from Laterman Family Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Laterman Family Foundation's EIN?
Laterman Family Foundation's EIN (Employer Identification Number) is 92-1426465. IRS Form 990 filing data is available on this page for 2023–2024.
Does Laterman Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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