Leo Foundation Inc
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
The largest 2024 recipient was Memorial Sloan Kettering ($40K). Together the top 2 received $80K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
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
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
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan Kettering New York, NY | Donation | $40,000 |
| Overlook Hospital Summit, NJ | Donation | $40,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,500 | $31,068 | $80,500 | $80,000 | 2 | $80,000 | $1,021 | — |
| 2023 | $168,038 | $14,295 | $16,000 | $16,000 | 4 | $16,000 | $2,546 | $5,481 |
| 2022 | $169,743 | $12,796 | $24,200 | $23,750 | 6 | $23,750 | $3,471 | — |
| 2021 | $181,147 | $9,040 | $29,425 | $29,000 | 7 | $29,000 | $2,706 | — |
| 2020 | $201,532 | $21,357 | $37,235 | $36,000 | 6 | — | $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
- IRS filings on file for fiscal years 2020–2024
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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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