Lincoln Electric Fdn Pfdn
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.
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
1
+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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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%.
| 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 |
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
103 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest 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).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEYBANK N A | TRUSTEE | 1 | $8,750 |
Frequently Asked Questions
What does Lincoln Electric Fdn Pfdn fund?
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.
How do I apply for a grant from Lincoln Electric Fdn Pfdn?
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.
What size grants does Lincoln Electric Fdn Pfdn award?
In 2024, Lincoln Electric Fdn Pfdn awarded 1 grants 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.
What is Lincoln Electric Fdn Pfdn's EIN?
Lincoln Electric Fdn Pfdn's EIN (Employer Identification Number) is 34-6518355. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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