The Asbjorn Lunde Foundation Inc

Private foundation · Grantmaker Newark, NJ EIN: 45-2609121

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.

Key facts about The Asbjorn Lunde Foundation Inc

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.

EIN
45-2609121
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$297,500
Grants made (2024)
10
Average grant
$29,750
Median grant
$10,000
Total assets
$4,830,956
Primary geography
New York (92% of itemized 2024 grant dollars)
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. Full details ↓

Data from IRS Form 990-PF, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.8M

-77.9% YoY

Annual Giving

$298K

-71.3% YoY

Grant Count

10

-47.4% YoY

Avg Grant Size

$30K

-45.5% YoY

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.

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.

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.

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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

6states

Share of 2024 grant dollars across all 10 itemized grants.

Cities

New YorkHudsonManchesterWilliamstownAmherstDecorahGarrisonMason CityNewarkRockaway ParkSan DiegoSyracuseYonkers

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M4 grants2020 16 grants2021 10 grants2022 19 grants2023 10 grants2024

From 2020 to 2024, annual grant giving ranged from $26K (2020) to $1.0M (2023). In 2024 it made 10 grants totaling $298K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Orchestra of St Luke's: $125KOrchestra of St Luke's$125KAmerican Friends of the National Portrait Gallery: $100KAmerican Friends of theNational Portrait Gallery$100KHudson Hall: $20K across 2 grantsHudson Hall$20K · 2 grantsCurrier Museum of Art: $15KCurrier Museum of Art$15KKBFUS: $10KKBFUS$10KNewark Historical Society: $10KNewark Historical Society$10KChurch Street School for Music & Art: $8KChurch Street School for Music& Art$8KFriends of Duane Park: $8KFriends of Duane Park$8KAmerican Friends of the Mauritshuis: $3KAmerican Friends of theMauritshuis$3K

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

48<$50K5$50–100K5$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 48 grants of 59 (81%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Orchestra of St Luke's New York, NYBoard Discretionary Grant for General Operating Use$125,000
American Friends of the National Portrait Gallery New York, NYGeneral Operating Support$100,000
Currier Museum of Art Manchester, NHGeneral Operating Support$15,000
Hudson Hall Hudson, NYBoard Discretionary Grant for General Operating Use$10,000
Hudson Hall Hudson, NYBoard Discretionary Grant for General Operating Use$10,000
KBFUS New York, NYGrant for the royal museum of fine arts, antwerp be$10,000
Newark Historical Society Newark, DEGeneral Operating Support$10,000
Church Street School for Music & Art New York, NYGeneral Operating Support$7,500
Friends of Duane Park New York, NYGeneral Operating Support$7,500
American Friends of the Mauritshuis New York, NYGeneral Operating Support$2,500

Financial History

Multi-year comparison from IRS filings

Filing year Grant total Number of grants
2024 $297,500 10
2023 $1,037,300 19
2022 $183,000 10
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10M$20M$30M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$4,830,956$21,840,537$22,122,516
Revenue$1,394,591$1,363,121$562,930
Expenses$824,611$1,645,100$768,339
Qualifying Distributions$729,161$1,596,283$716,835
Net Investment Income$348,879$1,321,914$523,332
Distributable Amount$325,247$1,131,913$1,123,492

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 13, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS October 27, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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

Steven Kern — President: $200KSteven KernPresident$200K

The highest reported compensation on the 2024 filing was $200K, to Steven Kern (President).

Contact

Mailing address: 55 Union Street 1104, Newark, NJ 07105
Phone: (518) 392-4430

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.

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