Lincoln Electric Fdn PFDN

Foundation · Grantmaker Brooklyn, OH EIN: 34-6518355

Lincoln Electric Foundation PFDN is a private foundation established in 1953 and located in Brooklyn, Ohio. The foundation operates as a 501(c)(3) tax-exempt organization with EIN 34-6518355.

Key facts about Lincoln Electric Fdn PFDN

EIN: 34-6518355
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,633,159
Grants made (2024): 1
Average grant: $1,633,159
Median grant: $1,633,159
Total assets: $4,738,844
Primary geography: Ohio (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Lincoln Electric Fdn PFDN gives

Giving fell 55% from 2021 to 2024. Method
In 2024 it paid out 723% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Lincoln Electric Fdn PFDN

How to evaluate Lincoln Electric Fdn PFDN as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Lincoln Electric Fdn PFDN with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.7M

+50.7% YoY

Annual Giving

$1.6M

+11.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1.6M

+11.4% YoY

Under IRS private-foundation payout rules, Lincoln Electric Fdn PFDN reported a distributable amount of $226K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's awards are designated exclusively for scientific, educational, literary, religious, and charitable purposes. The foundation has historically supported United Way of Greater Cleveland.

Grantmaking

The foundation made 76 grants in the most recent fiscal year. Applicants are required to submit written requests for grants with proper supporting documentation of their cause and audited financial reports. Grant applications are reviewed with awards announced on September 20 of each year.

Your AI grants department

Ready to take the next step with Lincoln Electric Fdn PFDN?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $1.6M (100%)

Share of all 1 itemized 2024 grant dollars.

States

Arkansas California District of Columbia Florida Georgia Iowa Illinois Indiana Massachusetts Maryland Michigan North Carolina New York Ohio South Carolina Tennessee Texas Virginia Wisconsin

Cities

ClevelandChagrin FallsColumbusMentorAlexandriaBrooklynEuclidIndependenceKirtlandPainesvilleWashingtonBereaBrunswickDallasLittle RockMaple HeightsNew YorkNewburgh HtsNorthbrookRockville

Financial History

Multi-year comparison from IRS filings

Fiscal Year 2023:

Total revenues: $2,537,553
Total grants and contributions received: $2,400,000
Investment income and dividends: $137,553
Total expenses: $1,474,361
Total assets: $3,144,051
Total liabilities: $0

Fiscal Year 2022:

Total revenues: $1,426,067
Total grants and contributions received: $1,400,000
Investment income and dividends: $25,972
Total assets: $2,190,834

The foundation experienced significant growth in 2023, with revenues increasing 77.9% year-over-year and grants received increasing 71.4%.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,738,844	$3,144,051	$2,080,859
Revenue	$3,240,036	$2,537,553	$1,426,067
Expenses	$1,645,197	$1,474,361	$1,536,042
Qualifying Distributions	$1,636,396	$1,469,486	$1,532,288
Net Investment Income	$233,474	$132,678	$22,218
Distributable Amount	$226,477	$149,049	$106,238

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 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 1 recipients in 2024

Grant Size Distribution

171 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include See Attached List ($1,633,159).

Recipient	Purpose	Amount
SEE ATTACHED LIST Brooklyn, OH	UNRESTRICTED	$1,633,159

Leadership & Key People

Leadership team and compensation from IRS filings

KeyBank serves as trustee for the foundation, with Jodi Penwell listed as a contact at KeyBank's Cleveland office (127 Public Square, Cleveland, OH 44114).

Lincoln Electric Fdn PFDN's only listed officer is Keybank N A, Trustee on every filing since 2020 (compensated).

Officers on the 2024 filing

Keybank N A

Trustee

On filings since 2020

1 hr/week

$6K (2020) → $9K (2024)

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.

Compensation Overview

From 2024 IRS filing

Frequently Asked Questions

What does Lincoln Electric Fdn PFDN fund?

How do I apply for a grant from Lincoln Electric Fdn PFDN?

What size grants does Lincoln Electric Fdn PFDN award?

In 2024, Lincoln Electric Fdn PFDN awarded 1 grant totaling $1.6M — an average of about $1.6M per grant, based on its IRS Form 990 filings.

How much is Lincoln Electric Fdn PFDN required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lincoln Electric Fdn PFDN reported a distributable amount of $226K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.