Lawrence M Gelb Foundation Inc
Lawrence M Gelb Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $849K in total assets. In 2025, it awarded 2 grants totaling $40K. Net investment income was $57K.
Lawrence M Gelb Foundation Inc at a glance
In short: Lawrence M Gelb Foundation Inc gave $40K across 2 grants in 2025 (avg $20K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- -46.9% vs 2024
- Grants made (2025)
- 2
- -80.0% vs 2024
- Average grant
- $20,000
- +165.3% vs 2024
- Median grant
- $20,000
- Total assets
- $849,339
- -0.1% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Lawrence M Gelb Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Madison Square Boys & Girls Club ($40K across 2 grants).
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 22 grants of 26 (85%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Lawrence M Gelb Foundation Inc gives
- Giving fell 33% from 2022 to 2025. Method
- In 2025 it paid out 49% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $40K (2025) to $305K (2023). In 2025 it made 2 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Madison Square Boys & Girls Club New York, NY | Public Assistance | $30,000 |
| Madison Square Boys & Girls Club New York, NY | Public Assistance | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $849,339 | $74,991 | $64,723 | $40,000 | 2 | $46,284 | $56,555 | $95,136 |
| 2024 | $850,411 | $64,617 | $92,062 | $75,400 | 10 | $75,850 | $48,405 | $90,406 |
| 2023 | $909,446 | $256,745 | $325,950 | $304,500 | 8 | $306,667 | $237,462 | $78,755 |
| 2022 | $1,120,115 | $25,906 | $89,331 | $60,000 | 2 | $61,650 | — | $92,827 |
| 2021 | $1,183,443 | $22,295 | $191,095 | $170,000 | 4 | $174,283 | $5,733 | $99,975 |
| 2020 | $1,352,243 | $653,180 | $94,818 | $60,000 | 3 | — | $256,480 | $62,495 |
Under IRS private-foundation payout rules, Lawrence M Gelb Foundation Inc reported a distributable amount of $95K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lawrence M Gelb Foundation Inc is led by Bruce S. Gelb, Chairman & Director on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce S. Gelb
Chairman & Director
On filings since 2020
No compensation reported
Sharron Norman
Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Lawrence M Gelb Foundation Inc
How much does Lawrence M Gelb Foundation Inc give each year?
Lawrence M Gelb Foundation Inc gave $40K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $75K across 10 grants.
How large is Lawrence M Gelb Foundation Inc?
Lawrence M Gelb Foundation Inc reported $849K in total assets on its 2025 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $95K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Lawrence M Gelb Foundation Inc operate?
Lawrence M Gelb Foundation Inc has awarded grants in Connecticut, District of Columbia, Massachusetts, New York, Vermont.
What is Lawrence M Gelb Foundation Inc's EIN?
Lawrence M Gelb Foundation Inc's EIN (Employer Identification Number) is 13-6113586. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
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