LM Foundation
LM Foundation is a private foundation based in New York, New York. Its 2025 filing reports 17 grants totaling $1,056,000 to charitable organizations, with the largest shares of grant dollars going to recipients in New York and Washington, DC.
LM Foundation at a glance
In short: LM Foundation gave $1.1M across 17 grants in 2025 (avg $62K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,056,000
- +57.6% vs 2024
- Grants made (2025)
- 17
- +30.8% vs 2024
- Average grant
- $62,118
- +20.5% vs 2024
- Median grant
- $25,000
- Total assets
- $17,340,712
- +1.8% vs 2024
- Primary geography
- New York (68% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to LM Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 33 West 81St Street, New York, NY 10024
Phone: (212) 225-2520
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who LM Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Breaking Ground ($225K). Together the top 10 received $970K.
Grant Size Distribution
72 grants across all recorded years
The most common grant size was under $50K: 34 grants of 72 (47%).
Geographic Focus
Where this funder awards grants
In 2025, 68% of grant dollars went to recipients in New York, 29% to recipients in Washington, DC, and 2% to recipients in California.
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
Cities
How LM Foundation gives
- 41% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $75K (2020) to $1.3M (2023). In 2025 it made 17 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Breaking Ground New York, NY | Achieve Charitable Purpose | $225,000 |
| Center on Budget and Policy Priorities Washington, DC | Achieve Charitable Purpose | $200,000 |
| Vera Institute of Justice Brooklyn, NY | Achieve Charitable Purpose | $150,000 |
| Governing for Impact Washington, DC | Achieve Charitable Purpose | $100,000 |
| John Jay College New York, NY | Achieve Charitable Purpose | $100,000 |
| The Doe Fund New York, NY | Achieve Charitable Purpose | $55,000 |
| Guggenheim New York, NY | Achieve Charitable Purpose | $50,000 |
| Macaulay Honors College Foundation New York, NY | Achieve Charitable Purpose | $40,000 |
| Bail Project Pasadena, CA | Achieve Charitable Purpose | $25,000 |
| Greater NY New York, NY | Achieve Charitable Purpose | $25,000 |
Ready to take the next step with LM Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $17,340,712 | $1,489,597 | $1,188,011 | $1,056,000 | 17 | $1,059,900 | $1,407,698 | $1,040,878 |
| 2024 | $17,039,126 | $1,287,895 | $787,669 | $670,000 | 13 | $675,400 | $1,182,267 | $968,379 |
| 2023 | $16,538,900 | $914,881 | $1,314,573 | $1,256,244 | 18 | $1,259,994 | $836,111 | $881,840 |
| 2022 | $16,939,342 | $529,544 | $1,046,747 | $927,900 | 16 | $934,150 | $442,424 | $931,486 |
| 2021 | $17,452,794 | $1,590,178 | $1,040,058 | $930,000 | 8 | $936,750 | $1,349,387 | $1,033,819 |
| 2020 | $16,957,373 | $3,651,804 | $167,583 | $75,000 | 4 | — | $1,104,417 | $835,989 |
Under IRS private-foundation payout rules, LM Foundation reported a distributable amount of $1.0M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants include organizations whose stated missions address areas such as public policy, criminal and immigration justice, homelessness, education, humanitarian response, economic progress, youth development, and housing and support services. These are the grantees’ missions, not stated priorities of the foundation.
For example, the Center on Budget and Policy Priorities describes its work as promoting public understanding and analyzing government programs and policies affecting low- and moderate-income families. The Vera Institute of Justice says it partners with impacted communities and government leaders to transform criminal, legal, and immigration systems. The Doe Fund describes programs that provide paid transitional work, career training, housing, and supportive services to New Yorkers experiencing homelessness.
Grantmaking
In filing year 2025, LM Foundation reported 17 grants totaling $1,056,000. Grants ranged from $5,000 to $225,000, with a median grant of $25,000.
Among its largest reported grants were $225,000 to Breaking Ground, $200,000 to the Center on Budget and Policy Priorities, $150,000 to the Vera Institute of Justice, $100,000 to Governing for Impact, and $100,000 to John Jay College. Other reported grants included $55,000 to The Doe Fund, $50,000 to Guggenheim, and $40,000 to Macaulay Honors College Foundation. The 2025 filing lists the grant purpose as “achieve charitable purpose.”
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Michael L Ryan and Elizabeth Jaime Alter as trustees.
LM Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elizabeth Jaime Alter
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Michael L. Ryan
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about LM Foundation
How much does LM Foundation give each year?
LM Foundation gave $1.1M across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $670K across 13 grants.
What is LM Foundation's typical grant size?
LM Foundation's median grant in 2025 was $25,000, and its average grant was $62,118, across 17 grants on its 2025 IRS Form 990-PF.
Where does LM Foundation give grants?
LM Foundation gives mostly in New York: 68% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (29%). The most frequent recipient cities were New York, NY (11 grants), Washington, DC (3 grants) and Brooklyn, NY (2 grants).
Who are LM Foundation's largest grantees?
LM Foundation's largest 2025 grantees include Breaking Ground ($225,000), Center on Budget and Policy Priorities ($200,000) and Vera Institute of Justice ($150,000), according to its 2025 IRS Form 990-PF. Together they received 54% of its itemized 2025 grant dollars.
How large is LM Foundation?
LM Foundation reported $17.3M in total assets on its 2025 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $1.0M (roughly 5% of its investment assets).
What does LM Foundation fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from LM Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is LM Foundation's EIN?
LM Foundation's EIN (Employer Identification Number) is 35-7159067. IRS Form 990 filing data is available on this page for 2020–2025.
Does LM Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in LM Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). LM Foundation funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/lm-foundation-morg_fbd1b9dc0fb641bf8520ed0459a89d01
BibTeX
@misc{grantable_357159067_2026,
author = {{Grantable}},
title = {{LM Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/lm-foundation-morg_fbd1b9dc0fb641bf8520ed0459a89d01},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from LM Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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