Lela D Jackson Foundation for the Arts CO
Lela D Jackson Foundation for the Arts CO is a private foundation focused on Arts, Culture & Humanities, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $8.2M in total assets. In 2025, it awarded 6 grants totaling $430K. Net investment income was $815K.
Lela D Jackson Foundation for the Arts CO at a glance
In short: Lela D Jackson Foundation for the Arts CO gave $430K across 6 grants in 2025 (avg $72K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $430,020
- +13.2% vs 2024
- Grants made (2025)
- 6
- -14.3% vs 2024
- Average grant
- $71,670
- +32.0% vs 2024
- Median grant
- $20,000
- Total assets
- $8,211,368
- +3.6% vs 2024
- Primary geography
- Florida (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 Lela D Jackson Foundation for the Arts CO funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Community Fdn of Sarasota Cty ($250K). Together the top 6 received $430K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 18 grants of 28 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Lela D Jackson Foundation for the Arts CO gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 96% 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 2019 to 2025, annual grant giving ranged from $336K (2019) to $448K (2022). In 2025 it made 6 grants totaling $430K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Fdn of Sarasota Cty Sarasota, FL | L Jackson Scholarship FD | $250,000 |
| Education Foundation of Sarasota County Sarasota, FL | Educational Program Support | $100,020 |
| Sarasota Orchestra Sarasota, FL | Program Support | $20,000 |
| Ringling College of Art & Design Sarasota, FL | Lela Jackson Scholarship | $20,000 |
| Florida Studio Theatre Sarasota, FL | Program Support | $20,000 |
| Sarasota Ballet of Florida Inc Sarasota, FL | Program Support | $20,000 |
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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 | $8,211,368 | $910,600 | $624,358 | $430,020 | 6 | $521,998 | $815,273 | $541,866 |
| 2024 | $7,927,983 | $390,555 | $556,179 | $380,000 | 7 | $465,545 | $293,302 | $514,130 |
| 2023 | $8,092,054 | $703,827 | $544,227 | $375,000 | 6 | $452,598 | $622,417 | $471,072 |
| 2022 | $7,913,220 | $570,743 | $621,136 | $448,000 | 4 | $523,666 | $149,455 | $461,711 |
| 2021 | $7,965,680 | $1,445,751 | $542,330 | $375,000 | 5 | $457,048 | $1,362,010 | $516,841 |
| 2020 | $7,060,914 | $191,604 | $510,816 | $365,000 | 4 | — | $117,792 | $447,916 |
| 2019 | $7,377,698 | $554,594 | $478,176 | $336,000 | 4 | — | $173,257 | $425,184 |
Under IRS private-foundation payout rules, Lela D Jackson Foundation for the Arts CO reported a distributable amount of $542K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lela D Jackson Foundation for the Arts CO's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Shirley Irons Faist
Co-Trustee
On filings since 2019
1 hr/week
$72K (2019) → $92K (2025)
BMO Bank N A
Co-Trustee
On filings since 2023
1 hr/week
$75K (2023) → $92K (2025)
Former officers (1)
- Former: BMO Harris Bank NA (2019–2022) — Co-Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $92K, to Shirley Irons Faist (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Lela D Jackson Foundation for the Arts CO
How much does Lela D Jackson Foundation for the Arts CO give each year?
Lela D Jackson Foundation for the Arts CO gave $430K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $380K across 7 grants.
What is Lela D Jackson Foundation for the Arts CO's typical grant size?
Lela D Jackson Foundation for the Arts CO's median grant in 2025 was $20,000, and its average grant was $71,670, across 6 grants on its 2025 IRS Form 990-PF.
Where does Lela D Jackson Foundation for the Arts CO give grants?
Lela D Jackson Foundation for the Arts CO gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sarasota, FL (6 grants).
Does Lela D Jackson Foundation for the Arts CO give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Lela D Jackson Foundation for the Arts CO's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (3 grants).
Who are Lela D Jackson Foundation for the Arts CO's largest grantees?
Lela D Jackson Foundation for the Arts CO's largest 2025 grantees include Community Fdn of Sarasota Cty ($250,000), Education Foundation of Sarasota County ($100,020) and Sarasota Orchestra ($20,000), according to its 2025 IRS Form 990-PF. Together they received 86% of its itemized 2025 grant dollars.
How large is Lela D Jackson Foundation for the Arts CO?
Lela D Jackson Foundation for the Arts CO reported $8.2M in total assets on its 2025 IRS Form 990-PF. It paid out $522K in qualifying distributions that year, against a required minimum of $542K (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.
What is Lela D Jackson Foundation for the Arts CO?
Lela D Jackson Foundation for the Arts CO is a private foundation focused on Arts, Culture & Humanities, based in Chicago, IL. It holds $8.2M in total assets as of 2025.
What is Lela D Jackson Foundation for the Arts CO's EIN?
Lela D Jackson Foundation for the Arts CO's EIN (Employer Identification Number) is 45-6204531. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Lela D Jackson Foundation for the Arts CO funds
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