Lower Merion Development Corporatio is a private foundation focused on Housing & Shelter, based in BRYN MAWR, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $73K in total assets. In 2024, it awarded 1 grants totaling $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$73K
-7.7% YoY
Annual Giving
$6K
+1141.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$6K
+1141.8% YoY
Under IRS private-foundation payout rules, Lower Merion Development Corporatio reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Lower Merion Development Corporatio
Based on IRS filings
Lower Merion Development Corporatio is a private foundation focused on Housing & Shelter, based in BRYN MAWR, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $73K in total assets. In 2024, it awarded 1 grants totaling $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $72,618 | $78,656 | $77,542 |
| Revenue | $171 | $614 | $6,020 |
| Expenses | $6,889 | $1,244 | $6,630 |
| Qualifying Distributions | $6,549 | $872 | $6,315 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,845 | $3,846 | $3,818 |
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
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lower Merion Affordable Housing ($6,209).
| Recipient | Purpose | Amount |
|---|---|---|
| LOWER MERION AFFORDABLE HOUSING BRYN MAWR, PA | DEVELOP AFFORDABLE HOUSING | $6,209 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN W ALEXANDER JR | PRESIDENT | — | — |
| KAREN W RAMSEY | VICE-PRESIDE | — | — |
| KEVIN KAVANAUGH | TREASURER | — | — |
| THOMAS H PATTERSON | ASST. TREASU | — | — |
| KATHY BABCOCK | MEMBER | — | — |
| MICHAEL LEIBOWITZ | MEMBER | — | — |
| ALISA MCCANN | MEMBER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lower Merion Development Corporatio?
Lower Merion Development Corporatio is a private foundation focused on Housing & Shelter, based in BRYN MAWR, PA. It holds $73K in total assets as of 2024.
How large is Lower Merion Development Corporatio?
As of 2024, Lower Merion Development Corporatio holds $73K in total assets with $171 in annual revenue. It awarded 1 grants totaling $6K in 2024.
Where does Lower Merion Development Corporatio operate?
Lower Merion Development Corporatio has awarded grants in Pennsylvania.
What size grants does Lower Merion Development Corporatio award?
In 2024, Lower Merion Development Corporatio awarded 1 grants totaling $6K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Lower Merion Development Corporatio required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lower Merion Development Corporatio reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lower Merion Development Corporatio's EIN?
Lower Merion Development Corporatio's EIN (Employer Identification Number) is 23-2611591. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lower Merion Development Corporatio'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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