Lyric Foundation Inc for Traditional
Lyric Foundation Inc for Traditional is a private foundation, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $50K in total assets. In 2024, it awarded 14 grants totaling $61K. Net investment income was $5.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$50K
-18.2% YoY
Annual Giving
$61K
+15.1% YoY
Grant Count
14
+16.7% YoY
Avg Grant Size
$4K
-1.3% YoY
Under IRS private-foundation payout rules, Lyric Foundation Inc for Traditional reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Lyric Foundation Inc for Traditional
Based on IRS filings
Lyric Foundation Inc for Traditional is a private foundation, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $50K in total assets. In 2024, it awarded 14 grants totaling $61K. Net investment income was $5.
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $49,574 | $60,607 | $52,215 |
| Revenue | $55,238 | $66,049 | $56,940 |
| Expenses | $66,271 | $57,657 | $61,146 |
| Qualifying Distributions | $66,271 | $57,657 | $61,146 |
| Net Investment Income | $5 | $8 | $2 |
| Distributable Amount | $3,915 | $4,160 | $3,880 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lyric Literary Arts ($20,000), Engage Globally ($6,000), Poetry Society of America ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LYRIC LITERARY ARTS SAVANNAH, GA | TO SUPPORT PUBLICATION OF THE LYRIC MAGAZINE AND POETRY CONTEST PRIZES | $20,000 |
| POETRY SOCIETY OF AMERICA BROOKLYN, NY | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $5,000 |
| STUDENT ACTION WITH FARMWORKERS DURHAM, NC | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $5,000 |
| ALEXANDRIA HOUSE LOS ANGELES, CA | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $5,000 |
| ENGAGE GLOBALLY ASHEVILLE, NC | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $6,000 |
| CHESAPEAKE BAY FOUNDATION ANNAPOLIS, MD | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $2,000 |
| FISHER CENTER FOR ALZHEIMERS RESEARCH NEW YORK, NY | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $3,000 |
| CHESAPEAKE MULTICULTURAL RESOURCE CENTER EASTON, MD | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $3,000 |
| CALIFORNIA POETS IN THE SCHOOLS SANTA ROSA, CA | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $3,000 |
| NORCAL RESIST SACRAMENTO, CA | TO SUPPORT THE ORGANIZATION'S GENERAL TAX EXEMPT PURPOSES | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROLYN CORRIE | PRESIDENT/TREASURER | 1 | $2,300 |
| ROBERT TANNEN | SECRETARY | — | — |
| JEAN CORRIE WORTMAN | DIRECTOR | — | — |
Frequently Asked Questions
How large is Lyric Foundation Inc for Traditional?
As of 2024, Lyric Foundation Inc for Traditional holds $50K in total assets with $55K in annual revenue. It awarded 14 grants totaling $61K in 2024.
Where does Lyric Foundation Inc for Traditional operate?
Lyric Foundation Inc for Traditional has awarded grants in California, District of Columbia, Georgia, Maryland, North Carolina, New York, Vermont.
What size grants does Lyric Foundation Inc for Traditional award?
In 2024, Lyric Foundation Inc for Traditional awarded 14 grants totaling $61K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Lyric Foundation Inc for Traditional required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lyric Foundation Inc for Traditional reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lyric Foundation Inc for Traditional's EIN?
Lyric Foundation Inc for Traditional's EIN (Employer Identification Number) is 13-6095791. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lyric Foundation Inc for Traditional'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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