Lorraine C Pierce 2 Residuary
Lorraine C Pierce 2 Residuary is a private foundation focused on Human services, based in Pittsburgh, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 1 grant totaling $52K. Net investment income was $51K.
Lorraine C Pierce 2 Residuary at a glance
In short: Lorraine C Pierce 2 Residuary gave $52K across 1 grant in 2025 (avg $52K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $51,588
- -3.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $51,588
- -3.2% vs 2024
- Median grant
- $51,588
- Total assets
- $1,117,301
- -0.4% vs 2024
- Primary geography
- Pennsylvania (100% 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 Lorraine C Pierce 2 Residuary funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Chester County Historical Society ($52K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Lorraine C Pierce 2 Residuary gives
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $51K (2019) to $139K (2021). In 2025 it made 1 grant totaling $52K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chester County Historical Society West Chester, PA | General Support for | $51,588 |
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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 | $1,117,301 | $64,652 | $69,623 | $51,588 | 1 | $54,860 | $50,974 | $66,240 |
| 2024 | $1,122,256 | $73,163 | $70,349 | $53,273 | 1 | $56,395 | $59,951 | $62,505 |
| 2023 | $1,119,468 | $57,366 | $70,263 | $55,641 | 1 | $56,333 | $41,794 | $56,455 |
| 2022 | $1,131,554 | $10,471 | $77,388 | $59,540 | 1 | $60,267 | $15,511 | $59,065 |
| 2021 | $1,197,036 | $130,399 | $156,370 | $138,929 | 1 | $139,784 | $113,650 | $68,610 |
| 2020 | $1,223,528 | $23,211 | $69,240 | $52,850 | 1 | — | $17,831 | $62,244 |
| 2019 | $1,271,957 | $47,411 | $71,384 | $51,020 | 1 | — | $32,927 | $64,262 |
Under IRS private-foundation payout rules, Lorraine C Pierce 2 Residuary reported a distributable amount of $66K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lorraine C Pierce 2 Residuary's only listed officer is PNC Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
PNC Bank N A
Trustee
On filings since 2019
1 hr/week
$15K (2019) → $16K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $16K, to PNC Bank N a (Trustee).
Frequently asked questions about Lorraine C Pierce 2 Residuary
How much does Lorraine C Pierce 2 Residuary give each year?
Lorraine C Pierce 2 Residuary gave $52K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $53K across 1 grant.
How large is Lorraine C Pierce 2 Residuary?
Lorraine C Pierce 2 Residuary reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $55K in qualifying distributions that year, against a required minimum of $66K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Lorraine C Pierce 2 Residuary?
Lorraine C Pierce 2 Residuary is a private foundation focused on Human services, based in Pittsburgh, PA. It holds $1.1M in total assets as of 2025.
Where does Lorraine C Pierce 2 Residuary operate?
Lorraine C Pierce 2 Residuary has awarded grants in Pennsylvania.
What is Lorraine C Pierce 2 Residuary's EIN?
Lorraine C Pierce 2 Residuary's EIN (Employer Identification Number) is 23-7429332. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
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