Leo Foundation Inc

Private foundation · Grantmaker Cedar Grove, NJ EIN: 22-6052367

Leo Foundation Inc is a private foundation, based in Cedar Grove, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2K in total assets. In 2024, it awarded 2 grants totaling $80K. Net investment income was $1K.

Leo Foundation Inc at a glance

In short: Leo Foundation Inc gave $80K across 2 grants in 2024 (avg $40K), mostly in New York. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$80,000
+400.0% vs 2023
Grants made (2024)
2
-50.0% vs 2023
Average grant
$40,000
+900.0% vs 2023
Median grant
$40,000
Total assets
$1,500
-99.1% vs 2023
Primary geography
New York (50% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Leo Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Memorial Sloan Kettering: $40KMemorial Sloan Kettering$40KOverlook Hospital: $40KOverlook Hospital$40K

The largest 2024 recipient was Memorial Sloan Kettering ($40K). Together the top 2 received $80K.

Grant Size Distribution

25 grants across all recorded years

25<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 25 grants of 25 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

New YorkNewarkParamusNorth BrunswickWest OrangeWhitehorse RanchBerkeley HeightsCalabasasCliftonRock HillSouth OrangeSummitWashington

How Leo Foundation Inc gives

  • Giving grew 176% from 2021 to 2024. Method
  • In 2023 it paid out 292% of its IRS minimum distribution (the 5% rule). 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

$0$20K$40K$60K$80K6 grants2020 7 grants2021 6 grants2022 4 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $16K (2023) to $80K (2024). In 2024 it made 2 grants totaling $80K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Memorial Sloan Kettering New York, NYDonation$40,000
Overlook Hospital Summit, NJDonation$40,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$1,500$31,068$80,500$80,0002$80,000$1,021—
2023$168,038$14,295$16,000$16,0004$16,000$2,546$5,481
2022$169,743$12,796$24,200$23,7506$23,750$3,471—
2021$181,147$9,040$29,425$29,0007$29,000$2,706—
2020$201,532$21,357$37,235$36,0006—$4,500—

Leadership & Key People

Officers and directors from IRS filings

Leo Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • A. John Gambro

    Trustee

    On filings since 2020

    No compensation reported

  • Ann Lorie Gambro

    Trustee

    On filings since 2020

    No compensation reported

  • Michael Saul Gambro

    Trustee

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Leo Foundation Inc

How much does Leo Foundation Inc give each year?

Leo Foundation Inc gave $80K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $16K across 4 grants.

How large is Leo Foundation Inc?

Leo Foundation Inc reported $2K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $31K.

Where does Leo Foundation Inc operate?

Leo Foundation Inc has awarded grants in California, District of Columbia, Massachusetts, New Jersey, New York, South Carolina.

What is Leo Foundation Inc's EIN?

Leo Foundation Inc's EIN (Employer Identification Number) is 22-6052367. IRS Form 990 filing data is available on this page for 2020–2024.

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

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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Browse active grant opportunities in Leo Foundation Inc's focus areas in our free grants database

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Leo Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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