LGT Foundation
The LGT Foundation is a private foundation based in Lake Success, New York, established in 1991. It operates as a 501(c)(3) organization with a focus on supporting arts and cultural initiatives, particularly those related to artist support and museum programming.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.4M
+4.3% YoY
Annual Giving
$671K
-0.2% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$67K
-0.2% YoY
Under IRS private-foundation payout rules, LGT Foundation reported a distributable amount of $487K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds:
- Emergency relief assistance to artists in need
- Support for exhibitions and programming related to Lenore Tawney and her artistic legacy, including the "Lenore Tawney: Mirror of the Universe" initiative
- Public programming with free admission days
- General operating support for cultural institutions
- Arts education and youth education programs
- Diversity and inclusion initiatives within the arts
Grantmaking
Grant Range
$5,000 to $200,000
Average Grant
$67,200
Ready to take the next step with LGT Foundation?
Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple U.S. states and international locations, including New York, Rhode Island, Illinois, California, Maryland, and international recipients in locations such as Stockholm.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $8,023,495
- Total revenue: $769,854
- Total expenses: $1,135,641
- Expense ratio: 147.5% of annual revenue
Trend: Assets increased 2.6% from the previous year.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,365,410 | $8,023,495 | $8,012,315 |
| Revenue | $1,461,543 | $769,854 | $821,340 |
| Expenses | $1,148,628 | $1,135,641 | $693,329 |
| Qualifying Distributions | $1,030,023 | $1,032,461 | $589,024 |
| Net Investment Income | $1,359,964 | $680,731 | $740,847 |
| Distributable Amount | $486,823 | $443,910 | $394,427 |
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 2025
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Cerf ($200,000), Haystack Mountain School of Crafts ($184,000), Penland School of Crafts ($140,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Haystack Mountain School of Crafts Deer Isle, ME | Provided only for the transcription and documentation of the Summer Conference. | $184,000 |
| Penland School of Crafts Penland, NC | Addition to existing scholarship endowment and RES Restricted Hurricane Helene Revenue 50-4204 | $140,000 |
| ArtTable Inc New York, NY | In support of ArtTable's Summer Fellowship in the Visual Arts Profession program. | $12,000 |
| Madison Square Park Conservancy New York, NY | In support of the 2025 commission, Larry Bell's "Improvisations in the Park". | $30,000 |
| Surface Design Association Albuquerque, NM | In support of its 2025-2027 Artist in the Residence Program. | $12,000 |
| CERF Brattleboro, VT | To be used for emergency relief assistance to artists in need | $200,000 |
| Museum of Fine Arts -Houston Houston, TX | In support of the presentation and programming for "Toshiko Takaezu: Worlds Within". | $15,000 |
| Aspen Institute Washington, DC | In Support of the 2024 DEAI Leadership Annual Appeal for the AEF Consortium Advancing Next-Gen BIPOC Leaders of the Visual Arts. | $5,000 |
| Ox-Bow School of Art Artists Reside Saugutuck, MI | To support scholarships for three mature, women identifying artists to participate in Ox-Bow's 2025 Longform residency program. | $20,250 |
| Toledo Museum of Art Toledo, OH | Gift of Lenore Tawney (1907-2007) "Udjat", 1968, mixed media, 2 3/8 x 7 1/4 x 5 1/4 in. | $52,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Janice Gordon – President (1 hour per week)
- Kathleen Mangan – Executive Director/Secretary (40 hours per week, $140,000 annual compensation)
- Ellyn A. Sosin – Treasurer (1 hour per week)
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Janice Gordon | President | 1 | — |
| Kathleen Mangan | Exec Dir/Secy | 40 | $175,000 |
| Ellyn A Sosin | TREASURER | 1 | — |
Contact Information
- Address: c/o Sosin Kriegel, 3000 Marcus Ave 2, Lake Success, NY 11042
- Phone: (212) 570-4600
- Website: lenoretawney.org
- EIN: 06-1281494
Frequently Asked Questions
What does LGT Foundation fund?
The foundation primarily funds: • Emergency relief assistance to artists in need • Support for exhibitions and programming related to Lenore Tawney and her artistic legacy, including the "Lenore Tawney: Mirror of the Universe" initiative • Public programming with free admission days • General operating support for cultural institutions • Arts education and youth education programs • Diversity and inclusion initiatives within the arts
How do I apply for a grant from LGT Foundation?
**Grant Activity:** • Made 17 grants in 2024 with total giving of $1,032,461 • Grant range: $5,000 to $200,000 • Median grant amount: $50,000 • Average grant size: $67,200 • Giving rate: 12.9% of assets **Recent Grants (2024):** • Metropolitan Museum of Art: $200,000 (bargain sale contribution for "The Bride" by Lenore Tawney) • Metropolitan Museum of Art: $200,000 (bargain sale contribution for "Shrouded River" by Lenore Tawney) **Grant Programs:** • Endowment funding initiatives • Youth educa…
Where does LGT Foundation make grants?
The foundation supports organizations across multiple U.S. states and international locations, including New York, Rhode Island, Illinois, California, Maryland, and international recipients in locations such as Stockholm.
What size grants does LGT Foundation award?
In 2025, LGT Foundation awarded 10 grants totaling $671K — an average of about $67K per grant, based on its IRS Form 990 filings.
How much is LGT Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, LGT Foundation reported a distributable amount of $487K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is LGT Foundation's EIN?
LGT Foundation's EIN (Employer Identification Number) is 06-1281494. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in LGT Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with LGT Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching LGT Foundation to a real strategy.