Leo & Kathryne E Friedman Memorial

Private foundation · Grantmaker Pittsburgh, PA EIN: 23-7904320

Leo & Kathryne E Friedman Memorial is a private foundation focused on Education, based in Pittsburgh, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 3 grants totaling $57K. Net investment income was $73K.

Key facts about Leo & Kathryne E Friedman Memorial

In short: Leo & Kathryne E Friedman Memorial gave $57K across 3 grants in 2025 (avg $19K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.

EIN
23-7904320
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$56,536
Grants made (2025)
3
Average grant
$18,845
Median grant
$16,961
Total assets
$1,077,846
Primary geography
Pennsylvania (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.1M

+1.4% YoY

Annual Giving

$57K

+9.0% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$19K

+9.0% YoY

Under IRS private-foundation payout rules, Leo & Kathryne E Friedman Memorial reported a distributable amount of $60K for 2025 — the minimum it must pay out in qualifying distributions.

How Leo & Kathryne E Friedman Memorial gives

  • Giving held roughly steady from 2022 to 2025 (−2%). 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 3 itemized grants.

States

Cities

LewisburgPhiladelphiaSelinsgrove

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K3 grants2020 3 grants2021 3 grants2022 3 grants2023 3 grants2024 3 grants2025

From 2020 to 2025, annual grant giving ranged from $52K (2024) to $57K (2022). In 2025 it made 3 grants totaling $57K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Susquehanna University: $23KSusquehanna University$23KWharton School University of PA: $17KWharton School University ofPA$17KBucknell University: $17KBucknell University$17K

The largest 2025 recipient was Susquehanna University ($23K). Together the top 3 received $57K.

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 15 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Susquehanna University Selinsgrove, PAGeneral Support$22,614
Wharton School University of PA Philadelphia, PAGeneral Support$16,961
Bucknell University Lewisburg, PAGeneral Support$16,961

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,077,846$1,063,060$1,072,956
Revenue$78,456$48,488$-13,549
Expenses$63,937$58,294$59,897
Qualifying Distributions$57,724$53,009$54,918
Net Investment Income$73,032$43,350$21,320
Distributable Amount$60,401$57,679$52,394

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 21, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 12, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)

Leadership & Key People

Officers and directors from IRS filings

Leo & Kathryne E Friedman Memorial's only listed officer is PNC Bank N A, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • PNC Bank N A

    Trustee

    On filings since 2020

    1 hr/week

    $5K (2020) → $6K (2025)

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.

Compensation Overview

From 2025 IRS filing

PNC Bank N a — Trustee: $6KPNC Bank N aTrustee$6K

The highest reported compensation on the 2025 filing was $6K, to PNC Bank N a (Trustee).

Frequently asked questions about Leo & Kathryne E Friedman Memorial

How much does Leo & Kathryne E Friedman Memorial give each year?

Leo & Kathryne E Friedman Memorial gave $57K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $52K across 3 grants.

What is Leo & Kathryne E Friedman Memorial's typical grant size?

Leo & Kathryne E Friedman Memorial's median grant in 2025 was $16,961, and its average grant was $18,845, across 3 grants on its 2025 IRS Form 990-PF.

Where does Leo & Kathryne E Friedman Memorial give grants?

Leo & Kathryne E Friedman Memorial gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Leo & Kathryne E Friedman Memorial give general operating support?

Yes: 100% of Leo & Kathryne E Friedman Memorial's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is Leo & Kathryne E Friedman Memorial?

Leo & Kathryne E Friedman Memorial reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $60K (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 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 2025.

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 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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