Memorial Library and Art Collection is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.2M in total assets. In 2024, it awarded 1 grants totaling $825K. Net investment income was $912K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.2M
-7.1% YoY
Annual Giving
$825K
+43.4% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$825K
+186.9% YoY
Under IRS private-foundation payout rules, Memorial Library and Art Collection reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
About Memorial Library and Art Collection
Based on IRS filings
Memorial Library and Art Collection is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.2M in total assets. In 2024, it awarded 1 grants totaling $825K. Net investment income was $912K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,228,646 | $8,855,527 | $9,629,472 |
| Revenue | $1,500,622 | $1,231,988 | $645,404 |
| Expenses | $2,127,503 | $1,996,848 | $1,780,674 |
| Qualifying Distributions | $1,312,489 | $1,436,778 | $1,037,574 |
| Net Investment Income | $912,432 | $665,359 | $112,391 |
| Distributable Amount | $1,147,090 | $1,147,861 | $1,198,157 |
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Olga Lengyel Institute ($825,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE OLGA LENGYEL INSTITUTE NEW YORK, NY | GENERAL SUPPORT | $825,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK BEREZ | TRUSTEE & PR | 12 | $75,000 |
| CAROLE LUSTIG-BEREZ | TRUSTEE & V | 20 | $38,250 |
| ADELE LEMLEK | TRUSTEE & SE | 20 | $25,500 |
| BELA PIPERNO | TRUSTEE & TR | 20 | $25,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Memorial Library and Art Collection?
Memorial Library and Art Collection is a private foundation focused on Arts, Culture & Humanities, based in NEW YORK, NY. It holds $8.2M in total assets as of 2024.
How large is Memorial Library and Art Collection?
As of 2024, Memorial Library and Art Collection holds $8.2M in total assets with $1.5M in annual revenue. It awarded 1 grants totaling $825K in 2024.
Where does Memorial Library and Art Collection operate?
Memorial Library and Art Collection has awarded grants in California, District of Columbia, Florida, New York.
What size grants does Memorial Library and Art Collection award?
In 2024, Memorial Library and Art Collection awarded 1 grants totaling $825K — an average of about $825K per grant, based on its IRS Form 990 filings.
How much is Memorial Library and Art Collection required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Memorial Library and Art Collection reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Memorial Library and Art Collection's EIN?
Memorial Library and Art Collection's EIN (Employer Identification Number) is 13-6192320. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Memorial Library and Art Collection'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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