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
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
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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
No grants recorded for .
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
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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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