Sharon & Lewis Korman Foundation
The Sharon & Lewis Korman Foundation is a private foundation based in New York, New York. Its 2025 filing reports 23 grants totaling $79,500, with listed awards supporting organizations including arts and cultural institutions, a university, and charitable service organizations.
Sharon & Lewis Korman Foundation at a glance
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.
- Annual giving (2025)
- $79,500
- -17.9% vs 2024
- Grants made (2025)
- 23
- -11.5% vs 2024
- Average grant
- $3,457
- -7.1% vs 2024
- Median grant
- $2,000
- Total assets
- $207,202
- +16.5% vs 2024
- New grantees (estimate)
- 22% first-time grantees (5 of 23, 2025; small sample)
- Primary geography
- New York (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Sharon & Lewis Korman Foundation
- How to Apply
-
The foundation’s 2024 filing says to submit materials in writing to Lewis J. or Sharon G. Korman. It reports no deadlines and no restrictions on awards.
- Contact
Application contact: Lewis J Or Sharon G Korman
Mailing address: 911 Park Avenue 13A, New York, NY 10075-0337
Phone: (212) 549-0139
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Sharon & Lewis Korman Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Cornell University ($25K). Together the top 10 received $61K.
Grant Size Distribution
124 grants across all recorded years
The most common grant size was under $50K: 124 grants of 124 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 90% of grant dollars went to recipients in New York. The remaining reported shares were Missouri, Tennessee, and Oklahoma at 3% each, and Maryland at 1%.
Grant Distribution by State
Share of 2025 grant dollars across all 23 itemized grants.
States
Cities
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. With only 23 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $31K (2020) to $97K (2024). In 2025 it made 23 grants totaling $80K.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $207,202 | $116,161 | $79,500 | $79,500 | 23 | $79,500 | $16,007 | $9,513 |
| 2024 | $177,876 | $92,238 | $96,794 | $96,775 | 26 | $96,775 | $20,884 | $11,637 |
| 2023 | $195,215 | $58,852 | $53,050 | $53,000 | 24 | $53,050 | $3,792 | $10,802 |
| 2022 | $194,497 | $99,560 | $45,900 | $45,850 | 23 | $45,900 | $133 | $7,462 |
| 2021 | $160,567 | $103,331 | $66,195 | $62,875 | 28 | $66,195 | $11 | $5,172 |
| 2020 | $123,431 | $78,361 | $34,470 | $31,125 | 16 | — | $16 | $3,447 |
| 2019 | $79,541 | $63,404 | $72,356 | $68,296 | 27 | — | $10,059 | $3,329 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included operating support for organizations in the arts, education, health, and human services. For example, the Metropolitan Museum of Art describes its mission as collecting, studying, conserving, and presenting art to connect people to creativity, knowledge, and ideas. The National Academy of Design says it promotes the fine arts in America through exhibition and education. St. Jude Children’s Research Hospital describes its work as advancing cures and prevention for pediatric catastrophic diseases through research and treatment.
Grantmaking
In 2025, the foundation made 23 grants totaling $79,500. Awards ranged from $500 to $25,000, with a median grant of $2,000. The largest grants included $25,000 to Cornell University, $10,000 to the Metropolitan Museum of Art, $6,500 to the New York Public Library, and $5,000 to the Museum of Modern Art. Each was reported for operations. Other 2025 awards included $2,500 to Central Park Conservancy, St Andrews Fund, Family Legal Care Foundation, and National Academy of Design, and $2,000 each to City Harvest, City Meals on Wheels, God’s Love We Deliver, and Planned Parenthood Federation of America.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Lewis J. Korman and Sharon G. Korman as trustees.
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 does Sharon & Lewis Korman Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included operating support for organizations in the arts, education, health, and human services. See mission & focus areas ↑
How do I apply for a grant from Sharon & Lewis Korman Foundation?
The foundation’s 2024 filing says to submit materials in writing to Lewis J. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
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
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Cite this profile
Grantable. (2026). Sharon & Lewis Korman Foundation funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/sharon-and-lewis-korman-foundation-morg_8a02cd62668249feac3a7d188b7ae06f
BibTeX
@misc{grantable_133556710_2026,
author = {{Grantable}},
title = {{Sharon \& Lewis Korman Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/sharon-and-lewis-korman-foundation-morg_8a02cd62668249feac3a7d188b7ae06f},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Sharon & Lewis Korman Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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