Lockhart J M Ally Herc 2

PITTSBURGH, PA EIN: 25-6018607

Lockhart J M Ally Herc 2 is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.5M in total assets. In 2024, it awarded 1 grants totaling $684K. Net investment income was $897K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$13.5M

+1.6% YoY

Annual Giving

$684K

+2.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$684K

+2.5% YoY

Under IRS private-foundation payout rules, Lockhart J M Ally Herc 2 reported a distributable amount of $755K for 2024 — the minimum it must pay out in qualifying distributions.

About Lockhart J M Ally Herc 2

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $3.6M (100%)

States

Pennsylvania

Cities

Pittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$13,450,479	$13,240,956	$11,648,790
Revenue	$939,975	$2,374,570	$1,007,808
Expenses	$750,803	$756,513	$912,100
Qualifying Distributions	$708,150	$685,604	$853,409
Net Investment Income	$897,340	$2,335,067	$966,335
Distributable Amount	$754,877	$668,411	$769,989

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

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Allegheny Health Network ($683,700).

Recipient	Purpose	Amount
ALLEGHENY HEALTH NETWORK PITTSBURGH, PA	GENERAL OPERATING PURPOSES	$683,700

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BNY MELLON N A	TRUSTEE	1	$61,125

Frequently Asked Questions

How large is Lockhart J M Ally Herc 2?

As of 2024, Lockhart J M Ally Herc 2 holds $13.5M in total assets with $940K in annual revenue. It awarded 1 grants totaling $684K in 2024.

Where does Lockhart J M Ally Herc 2 operate?

Lockhart J M Ally Herc 2 has awarded grants in Pennsylvania.

What size grants does Lockhart J M Ally Herc 2 award?

In 2024, Lockhart J M Ally Herc 2 awarded 1 grants totaling $684K — an average of about $684K per grant, based on its IRS Form 990 filings.

How much is Lockhart J M Ally Herc 2 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lockhart J M Ally Herc 2 reported a distributable amount of $755K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.