Locks Foundation
Locks Foundation is a private foundation focused on Arts and culture, based in Fisher Island, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $6.5M in total assets. In 2025, it awarded 9 grants totaling $800K. Net investment income was $404K.
Locks Foundation at a glance
In short: Locks Foundation gave $800K across 9 grants in 2025 (avg $89K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $800,000
- +100.0% vs 2024
- Grants made (2025)
- 9
- +80.0% vs 2024
- Average grant
- $88,889
- +11.1% vs 2024
- Median grant
- $25,000
- Total assets
- $6,501,407
- -11.6% vs 2024
- Primary geography
- New Jersey (70% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Locks Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was The Trustees of Princeton University - Princeton Art Museum ($560K across 2 grants). Together the top 8 received $800K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 30 grants of 40 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Locks Foundation gives
- Giving grew 134% from 2022 to 2025. Method
- In 2025 it paid out 234% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $303K (2023) to $800K (2025). In 2025 it made 9 grants totaling $800K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Trustees of Princeton University - Princeton Art Museum Princeton, NJ | Contribution of Artwork | $550,000 |
| Moore College of Art and Design Philadelphia, PA | General Support | $100,000 |
| Philadelphia Museum of Art Philadelphia, PA | General Support | $50,000 |
| Via Art Fund Inc New York, NY | General Support | $30,000 |
| The Barnes Foundation Philadelphia, PA | General Support | $25,000 |
| Metropolitan Museum of Art New York, NY | General Support | $15,000 |
| The Trustees of Princeton University - Princeton Art Museum Princeton, NJ | General Support | $10,000 |
| National Gallery of Art Landover, MD | General Support | $10,000 |
| Jorge M Perez Art Museum of Miami-Dade County Inc Miami, FL | General Support | $10,000 |
Ready to take the next step with Locks 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 | $6,501,407 | $414,333 | $864,488 | $800,000 | 9 | $804,215 | $404,422 | $343,633 |
| 2024 | $7,353,480 | $1,627,013 | $419,283 | $400,000 | 5 | $414,212 | $1,621,942 | $280,579 |
| 2023 | $5,943,832 | $836 | $308,501 | $302,500 | 5 | $306,995 | — | $379,873 |
| 2022 | $6,151,497 | $54 | $348,065 | $342,500 | 11 | $343,076 | — | $818,986 |
| 2021 | $6,499,508 | $5,423 | $429,528 | $415,000 | 10 | — | — | $476,466 |
Under IRS private-foundation payout rules, Locks Foundation reported a distributable amount of $344K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Locks Foundation is led by Gene Locks, President on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gene Locks
President
On filings since 2021
4 hrs/week
No compensation reported
Sueyun Locks
Secretary & Treasurer
On filings since 2021
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Locks Foundation
How much does Locks Foundation give each year?
Locks Foundation gave $800K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $400K across 5 grants.
What is Locks Foundation's typical grant size?
Locks Foundation's median grant in 2025 was $25,000, and its average grant was $88,889, across 9 grants on its 2025 IRS Form 990-PF.
Where does Locks Foundation give grants?
Locks Foundation gives mostly in New Jersey: 70% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Pennsylvania (22%) and New York (6%). The most frequent recipient cities were Philadelphia, PA (3 grants), Princeton, NJ (2 grants) and New York, NY (2 grants).
Does Locks Foundation give general operating support?
Yes: 89% of Locks Foundation's 2025 grants with a stated purpose (8 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Locks Foundation's largest grantees?
Locks Foundation's largest 2025 grantees include The Trustees of Princeton University - Princeton Art Museum ($560,000 across 2 grants), Moore College of Art and Design ($100,000) and Philadelphia Museum of Art ($50,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is Locks Foundation?
Locks Foundation reported $6.5M in total assets on its 2025 IRS Form 990-PF. It paid out $804K in qualifying distributions that year, against a required minimum of $344K (roughly 5% of its investment assets).
What is Locks Foundation?
Locks Foundation is a private foundation focused on Arts and culture, based in Fisher Island, FL. It holds $6.5M in total assets as of 2025.
What is Locks Foundation's EIN?
Locks Foundation's EIN (Employer Identification Number) is 22-2709744. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in Locks Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Wyeth Foundation for American Art
Rockland, DE
The Wyeth Foundation for American Art funds nonprofit institutions working on scholarship, research, conservation, exhibitions, fellowships, publications, and education related to historic American art; it does not support projects focused exclusively on art of the last three decades or living artists. Grants typically range from $5,000 to $25,000 per project and are awarded across the United States. It accepts applications through an online process.
Assets
$315.6M
Grants
29
Total Given
$2.8M
Hess Foundation Inc
Parsippany, NJ
The foundation supports education, health and medical research, arts and culture, and other charitable causes, with 2024 grants concentrated in Pennsylvania, Massachusetts, New York, Washington, D.C., and California. Its 141 grants ranged from $1,000 to $20.15 million, with a median of $50,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$219.2M
Grants
141
Total Given
$63.4M
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
Charina Foundation Inc
New York, NY
Charina Foundation supports 501(c)(3) organizations across varied fields, with most 2025 grant dollars going to recipients in New York and Massachusetts. Its 2025 grants ranged from $500 to $750,000, with a median of $7,500. It funds preselected organizations only and does not accept unsolicited requests.
Assets
$10.1M
Grants
279
Total Given
$3.8M
The JM Kaplan Fund Inc
New York, NY
The fund supports environment, heritage conservation, social justice, and cultural work, including early-stage projects through its J.M.K. Innovation Prize. Its 2024 grants ranged from $300 to $1.5 million, with a median of $6,000; it funds organizations in the United States and beyond. Regular grants are by invitation only, but the Innovation Prize accepts applications.
Assets
$143.6M
Grants
275
Total Given
$7.4M
The Neubauer Family Foundation
Philadelphia, PA
The Neubauer Family Foundation supports universities, education organizations, arts and cultural institutions, and other nonprofits, with most 2024 funding going to organizations in Pennsylvania, Illinois, and New York. Its 2024 grants ranged from $100 to $5.6 million, with a median of $5,000. It does not accept unsolicited requests; proposals are by invitation only.
Assets
$361.0M
Grants
199
Total Given
$17.9M
More similar funders
More Funders in Florida
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Locks 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.
Locks Foundation down — hundreds of funders to go?