Laterman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 41 grants totaling $384K. Net investment income was $238K.
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.
About Laterman Family Foundation
Based on IRS filings
Laterman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 41 grants totaling $384K. Net investment income was $238K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Concern Foundation for Cancer Research ($50,000), Icahn School of Medicine at Mount Sinai ($50,000), The Baruch College Fund ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 92ND STREET Y NEW YORK, NY | GENERAL OPERATIONS | $10,000 |
| AMERICA GIVES INC NEW YORK, NY | GENERAL OPERATIONS | $2,500 |
| ANTI-DEFAMATION LEAGUE NEW YORK, NY | GENERAL OPERATIONS | $1,000 |
| BALLET THEATRE FOUNDATION INC NEW YORK, NY | GENERAL OPERATIONS | $6,000 |
| C-BETTER FOUNDATION INC NEW YORK, NY | GENERAL OPERATIONS | $5,000 |
| CENTER FOR INITIATIVES IN JEWISH EDUCATION INC BROOKLYN, NY | GENERAL OPERATIONS | $4,000 |
| CHICAGO COMMUNITY SCULLING CHICAGO, IL | GENERAL OPERATIONS | $5,000 |
| CONCERN FOUNDATION FOR CANCER RESEARCH LOS ANGELES, CA | GENERAL OPERATIONS | $50,000 |
| DOROT INC NEW YORK, NY | GENERAL OPERATIONS | $1,000 |
| ENTERTAINMENT COMMUNITY FUND NEW YORK, NY | GENERAL OPERATIONS | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANCES LATERMAN | PRESIDENT & TRUSTEE | 1 | — |
| DOV C SCHLEIN | TREASURER & TRUSTEE | 1 | — |
| JOSHUA LATERMAN | TRUSTEE | 1 | — |
| LAURA LATERMAN | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Laterman Family Foundation?
Laterman Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $4.7M in total assets as of 2024.
How large is Laterman Family Foundation?
As of 2024, Laterman Family Foundation holds $4.7M in total assets with $6K in annual revenue. It awarded 41 grants totaling $384K in 2024.
Where does Laterman Family Foundation operate?
Laterman Family Foundation has awarded grants in California, Colorado, District of Columbia, Illinois, Massachusetts, New Jersey, New York, Texas, Wisconsin.
What size grants does Laterman Family Foundation award?
In 2024, Laterman Family Foundation awarded 41 grants totaling $384K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Laterman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Laterman Family Foundation reported a distributable amount of $231K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Laterman Family Foundation'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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