Sharon & Lewis Korman Foundation
Sharon & Lewis Korman Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $207K in total assets. In 2025, it awarded 23 grants totaling $80K. Net investment income was $16K.
Key facts about Sharon & Lewis Korman Foundation
In short: Sharon & Lewis Korman Foundation gave $80K across 23 grants in 2025 (avg $3K), mostly in New York. 22% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 13-3556710
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $79,500
- Grants made (2025)
- 23
- Average grant
- $3,457
- Median grant
- $2,000
- New grantees (estimate)
- 22% first-time grantees (5 of 23, 2025)
- Total assets
- $207,202
- Primary geography
- New York (90% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$207K
+16.5% YoY
Annual Giving
$80K
-17.9% YoY
Grant Count
23
-11.5% YoY
Avg Grant Size
$3K
-7.1% YoY
Under IRS private-foundation payout rules, Sharon & Lewis Korman Foundation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Is Sharon & Lewis Korman Foundation open to new grantees?
22%
first-time grantees, 2025
In 2025, 5 of 23 grantees (22%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $1K first-time, $2K repeat.
- 65% of 2025 grantees were also funded in 2024. Method
- Giving grew 73% from 2022 to 2025. Method
- In 2025 it paid out 836% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 23 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
124 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CORNELL UNIVERSITY Ithaca, NY | FOR OPERATIONS | $25,000 |
| METROPOLITAN MUSEUM OF ART New York, NY | FOR OPERATIONS | $10,000 |
| NEW YORK PUBLIC LIBRARY New York, NY | FOR OPERATIONS | $6,500 |
| MUSEUM OF MODERN ART New York, NY | FOR OPERATIONS | $5,000 |
| CENTRAL PARK CONSERVANCY New York, NY | FOR OPERATIONS | $2,500 |
| ST ANDREWS FUND St Lous, MO | FOR OPERATIONS | $2,500 |
| FAMILY LEGAL CARE FOUNDATION New York, NY | FOR OPERATIONS | $2,500 |
| NATIONAL ACADEMY OF DESIGN New York, NY | FOR OPERATIONS | $2,500 |
| CITY HARVEST New York, NY | FOR OPERATIONSFOR OPERATIONS | $2,000 |
| CITY MEALS ON WHEELS New York, NY | FOR OPERATIONS | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $207,202 | $177,876 | $195,215 |
| Revenue | $116,161 | $92,238 | $58,852 |
| Expenses | $79,500 | $96,794 | $53,050 |
| Qualifying Distributions | $79,500 | $96,775 | $53,050 |
| Net Investment Income | $16,007 | $20,884 | $3,792 |
| Distributable Amount | $9,513 | $11,637 | $10,802 |
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 February 3, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 18, 2026)
- IRS filings on file for fiscal years 2019–2025
Leadership & Key People
Officers and directors from IRS filings
Sharon & Lewis Korman Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lewis J. Korman
Trustee
On filings since 2019
0.3 hrs/week
No compensation reported
Sharon G. Korman
Trustee
On filings since 2019
0.3 hrs/week
No compensation reported
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 & Lewis Korman Foundation
How much does Sharon & Lewis Korman Foundation give each year?
Sharon & Lewis Korman Foundation gave $80K across 23 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $97K across 26 grants.
What is Sharon & Lewis Korman Foundation's typical grant size?
Sharon & Lewis Korman Foundation's median grant in 2025 was $2,000, and its average grant was $3,457, across 23 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Sharon & Lewis Korman Foundation that year got $1K on average.
Where does Sharon & Lewis Korman Foundation give grants?
Sharon & Lewis Korman Foundation gives mostly in New York: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (16 grants).
Does Sharon & Lewis Korman Foundation give general operating support?
Not in 2025: none of the 23 grants with a stated purpose on Sharon & Lewis Korman Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "For Operations" (22 grants).
Who are Sharon & Lewis Korman Foundation's largest grantees?
Sharon & Lewis Korman Foundation's largest 2025 grantees include Cornell University ($25,000), Metropolitan Museum of Art ($10,000) and New York Public Library ($6,500), according to its 2025 IRS Form 990-PF. Together they received 52% of its itemized 2025 grant dollars.
How large is Sharon & Lewis Korman Foundation?
Sharon & Lewis Korman Foundation reported $207K in total assets on its 2025 IRS Form 990-PF. It paid out $80K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What is Sharon & Lewis Korman Foundation's EIN?
Sharon & Lewis Korman Foundation's EIN (Employer Identification Number) is 13-3556710. 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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