Leo Model Foundation Inc
Leo Model Foundation Inc is a private foundation based in Philadelphia, Pennsylvania. Established in 1970 in New York, the foundation operates as an independent grantmaking organization focused on supporting museums, the arts, education, and public interest organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$47.2M
+1.5% YoY
Annual Giving
$2.6M
-6.6% YoY
Grant Count
144
-1.4% YoY
Avg Grant Size
$18K
-5.3% YoY
Mission & Focus Areas
The foundation provides support for:
- Museums and the arts
- Secondary and higher education (including colleges and universities)
- Public interest organizations
- Human services
- Philanthropy and voluntarism
Grantmaking
The foundation made 161 grants in 2024, with typical award amounts ranging from $500 to $150,000.
How to Apply
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Geographic Focus
Where this funder awards grants
Primary funding areas:
- New York
- Pennsylvania
- District of Columbia
The foundation gives primarily in New York, NY, and Philadelphia, PA.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $47,230,157
- Total giving: $2,585,000
- Total revenues: $3,684,713
- Total expenses: $2,871,066
- Number of employees: 0
Revenue Breakdown (FY 2024):
- Investment income and dividends: $697,120
- Net gain from sale of non-inventory assets: $1,190,634
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $47,230,157 | $46,510,577 | $47,346,455 |
| Revenue | $3,684,713 | $2,685,523 | $1,194,180 |
| Expenses | $2,871,066 | $3,257,774 | $2,450,453 |
| Qualifying Distributions | $2,650,690 | $2,841,571 | $2,190,563 |
| Net Investment Income | $3,343,400 | $1,758,646 | $939,055 |
| Distributable Amount | $3,006,188 | $2,625,953 | $2,733,127 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees include:
- Allen Model
- Marjorie Russel
- Pamela Grace
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALLEN MODEL | PRESIDENT & ASSISTANT SECR | — | — |
| MARJORIE RUSSEL | VICE PRESIDENT & ASSISTANT | — | — |
| PAMELA GRACE | SECRETARY | — | — |
| ROBERTA GAUSAS | VICE PRESIDENT AND ASST SECRETARY | — | — |
| PAUL MODEL | VICE PRESIDENT AND TREASURER | — | — |
| KATHERINE MODEL | DIRECTOR AND ASST SECRETARY | — | — |
| ZACHARY MODEL | DIRECTOR AND ASST SECRETARY | — | — |
| SASCHA RUSSEL | DIRECTOR AND ASST SECRETARY | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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