Lawrence M Gelb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $850K in total assets. In 2024, it awarded 10 grants totaling $75K. Net investment income was $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$850K
-6.5% YoY
Annual Giving
$75K
-75.2% YoY
Grant Count
10
+25.0% YoY
Avg Grant Size
$8K
-80.2% YoY
Under IRS private-foundation payout rules, Lawrence M Gelb Foundation Inc reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About Lawrence M Gelb Foundation Inc
Based on IRS filings
Lawrence M Gelb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $850K in total assets. In 2024, it awarded 10 grants totaling $75K. Net investment income was $48K.
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 | 2022 |
|---|---|---|---|
| Total Assets | $850,411 | $909,446 | $1,120,115 |
| Revenue | $64,617 | $256,745 | $25,906 |
| Expenses | $92,062 | $325,950 | $89,331 |
| Qualifying Distributions | $75,850 | $306,667 | $61,650 |
| Net Investment Income | $48,405 | $237,462 | — |
| Distributable Amount | $90,406 | $78,755 | $92,827 |
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
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Madison Square Boys & Girls Club ($60,000), Tunnel to Towers Foundation ($5,000), Metropolitan Opera ($2,800).
| Recipient | Purpose | Amount |
|---|---|---|
| 122 EAST 66TH STREET FOUNDATION NEW YORK, NY | GENERAL CONTRIBUTION | $1,000 |
| CHURCH OF THE HEAVENLY REST NEW YORK, NY | RELIGIOUS | $1,500 |
| MADISON SQUARE BOYS & GIRLS CLUB NEW YORK, NY | PUBLIC ASSISTANCE | $60,000 |
| METROPOLITAN MUSEUM OF ART NEW YORK, NY | ARTS | $600 |
| METROPOLITAN OPERA NEW YORK, NY | ARTS | $2,800 |
| MUSIC MOUNTAIN FALLS VILLAGE, CT | ARTS | $1,000 |
| NEW YORK YOUTH SYMOPHONY NEW YORK, NY | ARTS | $1,000 |
| SHEFFIELD LAND TRUST SHEFFIELD, MA | ENVIRONMENTAL | $1,000 |
| STRATTON FOUNDATION STRATTON MOUNTAIN, VT | GENERAL CONTRIBUTION | $1,500 |
| TUNNEL TO TOWERS FOUNDATION STATEN ISLAND, NY | GENERAL CONTRIBUTION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRUCE S GELB | CHAIRMAN/DIRECTOR | — | — |
| SHARRON NORMAN | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lawrence M Gelb Foundation Inc?
Lawrence M Gelb Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $850K in total assets as of 2024.
How large is Lawrence M Gelb Foundation Inc?
As of 2024, Lawrence M Gelb Foundation Inc holds $850K in total assets with $65K in annual revenue. It awarded 10 grants totaling $75K in 2024.
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 size grants does Lawrence M Gelb Foundation Inc award?
In 2024, Lawrence M Gelb Foundation Inc awarded 10 grants totaling $75K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Lawrence M Gelb Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lawrence M Gelb Foundation Inc reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lawrence M Gelb Foundation Inc'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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