Leo & Kathryne E Friedman Memorial is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $52K. Net investment income was $43K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-0.9% YoY
Annual Giving
$52K
-4.6% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$17K
-4.6% YoY
Under IRS private-foundation payout rules, Leo & Kathryne E Friedman Memorial reported a distributable amount of $58K for 2024 — the minimum it must pay out in qualifying distributions.
About Leo & Kathryne E Friedman Memorial
Based on IRS filings
Leo & Kathryne E Friedman Memorial is a private foundation focused on Education, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 3 grants totaling $52K. Net investment income was $43K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,063,060 | $1,072,956 | $1,145,880 |
| Revenue | $48,488 | $-13,549 | $-48,044 |
| Expenses | $58,294 | $59,897 | $75,055 |
| Qualifying Distributions | $53,009 | $54,918 | $57,965 |
| Net Investment Income | $43,350 | $21,320 | $18,764 |
| Distributable Amount | $57,679 | $52,394 | $54,929 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Susquehanna University ($20,746), Wharton School University of Pa ($15,560), Bucknell University ($15,560).
| Recipient | Purpose | Amount |
|---|---|---|
| WHARTON SCHOOL UNIVERSITY OF PA PHILADELPHIA, PA | GENERAL SUPPORT | $15,560 |
| SUSQUEHANNA UNIVERSITY SELINSGROVE, PA | GENERAL SUPPORT | $20,746 |
| BUCKNELL UNIVERSITY LEWISBURG, PA | GENERAL SUPPORT | $15,560 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK N A | TRUSTEE | 2 | $5,716 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Leo & Kathryne E Friedman Memorial?
Leo & Kathryne E Friedman Memorial is a private foundation focused on Education, based in PITTSBURGH, PA. It holds $1.1M in total assets as of 2024.
How large is Leo & Kathryne E Friedman Memorial?
As of 2024, Leo & Kathryne E Friedman Memorial holds $1.1M in total assets with $48K in annual revenue. It awarded 3 grants totaling $52K in 2024.
Where does Leo & Kathryne E Friedman Memorial operate?
Leo & Kathryne E Friedman Memorial has awarded grants in Pennsylvania.
What size grants does Leo & Kathryne E Friedman Memorial award?
In 2024, Leo & Kathryne E Friedman Memorial awarded 3 grants totaling $52K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Leo & Kathryne E Friedman Memorial required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Leo & Kathryne E Friedman Memorial reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Leo & Kathryne E Friedman Memorial's EIN?
Leo & Kathryne E Friedman Memorial's EIN (Employer Identification Number) is 23-7904320. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.