The Asbjorn Lunde Foundation Inc
The Asbjorn Lunde Foundation Inc is a private foundation based in Newark, New Jersey. It made 10 grants totaling $297,500 in 2024, including grants to arts and cultural organizations.
The Asbjorn Lunde Foundation Inc at a glance
In short: The Asbjorn Lunde Foundation Inc gave $298K across 10 grants in 2024 (avg $30K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $297,500
- -71.3% vs 2023
- Grants made (2024)
- 10
- -47.4% vs 2023
- Average grant
- $29,750
- -45.5% vs 2023
- Median grant
- $10,000
- Total assets
- $4,830,956
- -77.9% vs 2023
- Primary geography
- New York (92% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Asbjorn Lunde Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 55 Union Street 1104, Newark, NJ 07105
Phone: (518) 392-4430
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Asbjorn Lunde Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Orchestra of St Luke's ($125K). Together the top 9 received $298K.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 48 grants of 59 (81%).
Geographic Focus
Where this funder awards grants
In 2024, 92% of grant dollars went to recipients in New York, 5% to recipients in New Hampshire, and 3% to recipients in Delaware.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
How The Asbjorn Lunde Foundation Inc gives
- Giving grew 24% from 2021 to 2024. Method
- In 2024 it paid out 224% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $26K (2020) to $1.0M (2023). In 2024 it made 10 grants totaling $298K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Orchestra of St Luke's New York, NY | Board Discretionary Grant for General Operating Use | $125,000 |
| American Friends of the National Portrait Gallery New York, NY | General Operating Support | $100,000 |
| Currier Museum of Art Manchester, NH | General Operating Support | $15,000 |
| Hudson Hall Hudson, NY | Board Discretionary Grant for General Operating Use | $10,000 |
| Hudson Hall Hudson, NY | Board Discretionary Grant for General Operating Use | $10,000 |
| KBFUS New York, NY | Grant for the royal museum of fine arts, antwerp be | $10,000 |
| Newark Historical Society Newark, DE | General Operating Support | $10,000 |
| Church Street School for Music & Art New York, NY | General Operating Support | $7,500 |
| Friends of Duane Park New York, NY | General Operating Support | $7,500 |
| American Friends of the Mauritshuis New York, NY | General Operating Support | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,830,956 | $1,394,591 | $824,611 | $297,500 | 10 | $729,161 | $348,879 | $325,247 |
| 2023 | $21,840,537 | $1,363,121 | $1,645,100 | $1,037,300 | 19 | $1,596,283 | $1,321,914 | $1,131,913 |
| 2022 | $22,122,516 | $562,930 | $768,339 | $183,000 | 10 | $716,835 | $523,332 | $1,123,492 |
| 2021 | $22,335,425 | $3,171,192 | $792,116 | $239,500 | 16 | $647,886 | $855,590 | $1,081,455 |
| 2020 | $19,956,349 | $19,283,169 | $468,150 | $26,000 | 4 | — | $37,272 | $822,748 |
Under IRS private-foundation payout rules, The Asbjorn Lunde Foundation Inc reported a distributable amount of $325K for 2024 — 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 is provided. The foundation’s 2024 grants included support for music and arts organizations, museums, historical organizations, and a park-preservation group. One grantee, Friends of Duane Park, describes its mission as caring for, restoring, and preserving New York City’s second-oldest park and fostering community in the surrounding neighborhood through concerts, events, gatherings, and festivities.
Grantmaking
In 2024, the foundation made 10 grants totaling $297,500. Grant amounts ranged from $2,500 to $125,000, with a median grant of $10,000.
The largest 2024 grants were $125,000 to Orchestra of St. Luke’s for general operating use and $100,000 to American Friends of the National Portrait Gallery for general operating support. Other grants included $15,000 to Currier Museum of Art; $10,000 each to Hudson Hall (two grants), KBFUS for the Royal Museum of Fine Arts, Antwerp, and Newark Historical Society; and $7,500 each to Church Street School for Music & Art and Friends of Duane Park. American Friends of the Mauritshuis received $2,500.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Steven Kern as president, John Philip as secretary, Madeline Lanciani as treasurer, and Dr. George Robb and Dr. Kurt Sundstrom as directors.
The Asbjorn Lunde Foundation Inc is led by Steven Kern, President on every filing since 2020; 1 of 5 officers listed in 2024 is compensated.
Officers on the 2024 filing
Steven Kern
President
On filings since 2020
40 hrs/week
$200K (2020) → $200K (2024)
George Robb
Director
On filings since 2020
1 hr/week
No compensation reported
Kurt Sundstrom
Director
On filings since 2020
1 hr/week
No compensation reported
John Philip
Secretary
On filings since 2020
3 hrs/week
No compensation reported
Madeline Lanciani
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $200K, to Steven Kern (President).
Frequently asked questions about The Asbjorn Lunde Foundation Inc
How much does The Asbjorn Lunde Foundation Inc give each year?
The Asbjorn Lunde Foundation Inc gave $298K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.0M across 19 grants.
What is The Asbjorn Lunde Foundation Inc's typical grant size?
The Asbjorn Lunde Foundation Inc's median grant in 2024 was $10,000, and its average grant was $29,750, across 10 grants on its 2024 IRS Form 990-PF.
Where does The Asbjorn Lunde Foundation Inc give grants?
The Asbjorn Lunde Foundation Inc gives mostly in New York: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (5%). The most frequent recipient cities were New York, NY (6 grants) and Hudson, NY (2 grants).
Does The Asbjorn Lunde Foundation Inc give general operating support?
Yes: 90% of The Asbjorn Lunde Foundation Inc's 2024 grants with a stated purpose (9 of 10) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Asbjorn Lunde Foundation Inc's largest grantees?
The Asbjorn Lunde Foundation Inc's largest 2024 grantees include Orchestra of St Luke's ($125,000), American Friends of the National Portrait Gallery ($100,000) and Hudson Hall ($20,000 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 82% of its itemized 2024 grant dollars.
How large is The Asbjorn Lunde Foundation Inc?
The Asbjorn Lunde Foundation Inc reported $4.8M in total assets on its 2024 IRS Form 990-PF. It paid out $729K in qualifying distributions that year, against a required minimum of $325K (roughly 5% of its investment assets).
What does The Asbjorn Lunde Foundation Inc fund?
No mission statement is provided. The foundation’s 2024 grants included support for music and arts organizations, museums, historical organizations, and a park-preservation group. See mission & focus areas ↑
How do I apply for a grant from The Asbjorn Lunde Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Asbjorn Lunde Foundation Inc's EIN?
The Asbjorn Lunde Foundation Inc's EIN (Employer Identification Number) is 45-2609121. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Asbjorn Lunde Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 27, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Asbjorn Lunde Foundation Inc funds
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Cite this profile
Grantable. (2026). The Asbjorn Lunde Foundation Inc funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/the-asbjorn-lunde-foundation-inc-morg_0fc4d8c03039429197ab299d6d24d0cf
BibTeX
@misc{grantable_452609121_2026,
author = {{Grantable}},
title = {{The Asbjorn Lunde Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-asbjorn-lunde-foundation-inc-morg_0fc4d8c03039429197ab299d6d24d0cf},
note = {Accessed 2026-10-22. 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 The Asbjorn Lunde Foundation Inc'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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