Sharon & Joel Labovitz Foundation
Sharon & Joel Labovitz Foundation is a private foundation, based in Duluth, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $72K in total assets. In 2025, it made $3K in qualifying distributions. Net investment income was $3K.
Key facts about Sharon & Joel Labovitz Foundation
- EIN
- 36-3460105
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $72,058
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$72K
-0.3% YoY
Revenue
$3K
-30.8% YoY
Qualifying Distributions
$3K
-28.0% YoY
Expenses
$3K
-27.7% YoY
Under IRS private-foundation payout rules, Sharon & Joel Labovitz Foundation reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
How Sharon & Joel Labovitz Foundation gives
- In 2025 it paid out 77% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $1K (2019) to $8K (2022). In 2024 it made 1 grant totaling $1K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $72,058 | $72,288 | $72,452 |
| Revenue | $2,541 | $3,670 | $4,179 |
| Expenses | $2,771 | $3,834 | $2,708 |
| Qualifying Distributions | $2,720 | $3,776 | $2,674 |
| Net Investment Income | $2,541 | $3,670 | $4,179 |
| Distributable Amount | $3,553 | $3,525 | $3,454 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 4, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 7, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Sharon & Joel Labovitz Foundation is led by Mark Labovitz, President - Director since 2022 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mark Labovitz
President - Director
President & Director → President - Director, 2022
On filings since 2019
0.1 hrs/week
No compensation reported
Anne Labovitz
Treasurer - Director
Director → Treasurer - Director, 2022
On filings since 2019
0.1 hrs/week
No compensation reported
Sarah Bauer
Secretary - Director
Director → Secretary - Director, 2022
On filings since 2019
0.1 hrs/week
No compensation reported
Sharon Labovitz
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Joel Labovitz (2019–2021) — Treasurer, Secretary & Director
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.
Frequently asked questions about Sharon & Joel Labovitz Foundation
How large is Sharon & Joel Labovitz Foundation?
Sharon & Joel Labovitz Foundation reported $72K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $4K (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.
Where does Sharon & Joel Labovitz Foundation operate?
Sharon & Joel Labovitz Foundation has awarded grants in Minnesota.
What is Sharon & Joel Labovitz Foundation's EIN?
Sharon & Joel Labovitz Foundation's EIN (Employer Identification Number) is 36-3460105. 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.
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