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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$6.5M
-11.6% YoY
Annual Giving
$800K
+100.0% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$89K
+11.1% YoY
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.
About Locks Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,501,407 | $7,353,480 | $5,943,832 |
| Revenue | $414,333 | $1,627,013 | $836 |
| Expenses | $864,488 | $419,283 | $308,501 |
| Qualifying Distributions | $804,215 | $414,212 | $306,995 |
| Net Investment Income | $404,422 | $1,621,942 | — |
| Distributable Amount | $343,633 | $280,579 | $379,873 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include The Trustees of Princeton University - Princeton Art Museum ($550,000), Moore College of Art and Design ($100,000), Philadelphia Museum of Art ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| METROPOLITAN MUSEUM OF ART NEW YORK, NY | GENERAL SUPPORT | $15,000 |
| PHILADELPHIA MUSEUM OF ART PHILADELPHIA, PA | GENERAL SUPPORT | $50,000 |
| THE BARNES FOUNDATION PHILADELPHIA, PA | GENERAL SUPPORT | $25,000 |
| THE TRUSTEES OF PRINCETON UNIVERSITY - PRINCETON ART MUSEUM PRINCETON, NJ | GENERAL SUPPORT | $10,000 |
| VIA ART FUND INC NEW YORK, NY | GENERAL SUPPORT | $30,000 |
| MOORE COLLEGE OF ART AND DESIGN PHILADELPHIA, PA | GENERAL SUPPORT | $100,000 |
| 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 |
| THE TRUSTEES OF PRINCETON UNIVERSITY - PRINCETON ART MUSEUM PRINCETON, NJ | CONTRIBUTION OF ARTWORK | $550,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GENE LOCKS | PRESIDENT | 4 | — |
| SUEYUN LOCKS | SECT./TREAS | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Locks Foundation?
As of 2025, Locks Foundation holds $6.5M in total assets with $414K in annual revenue. It awarded 9 grants totaling $800K in 2025.
Where does Locks Foundation operate?
Locks Foundation has awarded grants in Florida, Illinois, Maryland, New Jersey, New York, Pennsylvania, Virginia.
What size grants does Locks Foundation award?
In 2025, Locks Foundation awarded 9 grants totaling $800K — an average of about $89K per grant, based on its IRS Form 990 filings.
How much is Locks Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Locks Foundation reported a distributable amount of $344K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Locks Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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