Lernihan-Schramm Foundation
Lernihan-Schramm Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 5 grants totaling $123K. Net investment income was $90K.
Key facts about Lernihan-Schramm Foundation
- EIN
- 27-6212857
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $123,000
- Grants made (2024)
- 5
- Average grant
- $24,600
- Median grant
- $24,000
- Total assets
- $2,347,839
- Primary geography
- New Jersey (43% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Lernihan-Schramm Foundation funds
By grant dollars, the top recipient states for Lernihan-Schramm Foundation's 5 itemized 2024 grants were New Jersey (43%), New York (41%) and Missouri (16%). The most frequent recipient cities were Paterson, NJ (2 grants). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
How Lernihan-Schramm Foundation gives
- Giving grew 54% from 2021 to 2024. Method
- In 2024 it paid out 106% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Lernihan-Schramm Foundation
- How to evaluate Lernihan-Schramm Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-1.3% YoY
Annual Giving
$123K
+0.0% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$25K
+0.0% YoY
Under IRS private-foundation payout rules, Lernihan-Schramm Foundation reported a distributable amount of $119K for 2024 — the minimum it must pay out in qualifying distributions.
About Lernihan-Schramm Foundation
Based on IRS filings
Lernihan-Schramm Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 5 grants totaling $123K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,347,839 | $2,379,662 | $2,397,785 |
| Revenue | $123,054 | $137,591 | $82,110 |
| Expenses | $154,877 | $155,714 | $161,491 |
| Qualifying Distributions | $125,363 | $125,000 | $127,000 |
| Net Investment Income | $90,434 | $43,259 | $46,619 |
| Distributable Amount | $118,670 | $124,460 | $122,013 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Oasis- a Haven for Women and Children ($31,000), Backpacks for Life Inc ($26,000), Maryknoll Sisters of St Dominic ($24,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OASIS- A HAVEN FOR WOMEN AND CHILDREN PATERSON, NJ | CHARITABLE | $31,000 |
| BACKPACKS FOR LIFE INC JERSEY CITY, NY | CHARITABLE | $26,000 |
| MARYKNOLL SISTERS OF ST DOMINIC OSSING, NY | CHARITABLE | $24,000 |
| EVA'S VILLAGE PATERSON, NJ | CHARITABLE | $22,000 |
| KILLA WASI FOUNDATION SPRINGFIELD, MO | CHARITABLE | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gregory J Schramm | Trustee | 3 | — |
| Jacquelyn M Honculada | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lernihan-Schramm Foundation?
Lernihan-Schramm Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WAYNE, NJ. It holds $2.3M in total assets as of 2024.
How large is Lernihan-Schramm Foundation?
As of 2024, Lernihan-Schramm Foundation holds $2.3M in total assets with $123K in annual revenue. It awarded 5 grants totaling $123K in 2024.
Where does Lernihan-Schramm Foundation operate?
Lernihan-Schramm Foundation has awarded grants in Missouri, New Jersey, New York.
What size grants does Lernihan-Schramm Foundation award?
In 2024, Lernihan-Schramm Foundation awarded 5 grants totaling $123K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Lernihan-Schramm Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lernihan-Schramm Foundation reported a distributable amount of $119K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lernihan-Schramm Foundation's EIN?
Lernihan-Schramm Foundation's EIN (Employer Identification Number) is 27-6212857. 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.