The Frank and Mary Lamberson Foundation
The Frank and Mary Lamberson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $60K. Net investment income was $63K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-1.0% YoY
Annual Giving
$60K
+0.0% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$8K
+0.0% YoY
Under IRS private-foundation payout rules, The Frank and Mary Lamberson Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
About The Frank and Mary Lamberson Foundation
Based on IRS filings
The Frank and Mary Lamberson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 8 grants totaling $60K. Net investment income was $63K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,137,114 | $1,149,081 | $1,167,240 |
| Revenue | $78,593 | $67,226 | $24,939 |
| Expenses | $88,860 | $85,300 | $87,915 |
| Qualifying Distributions | $71,961 | $70,457 | $70,761 |
| Net Investment Income | $62,808 | $49,927 | $19,624 |
| Distributable Amount | $78,226 | $68,479 | $69,802 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stephen Siller Tunnel to Towers ($15,000), University of Michigan Medical School ($15,000), Community Foundation of Wnc ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| STEPHEN SILLER TUNNEL TO TOWERS STATEN ISLAND, NY | GENERAL | $15,000 |
| ASHEVILLE AREA ARTS COUNCIL ASHEVILLE, NC | GENERAL | $500 |
| VASSER COLLEGE PUGHKEEPSIE, NY | GENERAL | $4,000 |
| COMMUNITY FOUNDATION OF WNC ASHEVILLE, NC | GENERAL | $12,500 |
| ASHEVILLE ART MUSEUM ASSOCIATION INC ASHEVILLE, NC | GENERAL | $10,000 |
| UNIVERSITY OF MICHIGAN MEDICAL SCHOOL ANN ARBOR, MI | GENERAL | $15,000 |
| MITCHELL COUNTY ANIMAL RESCUE SPRUCE PINE, NC | GENERAL | $1,000 |
| SPRUCE PINE MONTESSORI SCHOOL SPRUCE PINE, NC | GENERAL | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Frank and Mary Lamberson Foundation?
The Frank and Mary Lamberson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $1.1M in total assets as of 2024.
How large is The Frank and Mary Lamberson Foundation?
As of 2024, The Frank and Mary Lamberson Foundation holds $1.1M in total assets with $79K in annual revenue. It awarded 8 grants totaling $60K in 2024.
Where does The Frank and Mary Lamberson Foundation operate?
The Frank and Mary Lamberson Foundation has awarded grants in Florida, Michigan, North Carolina, New York.
What size grants does The Frank and Mary Lamberson Foundation award?
In 2024, The Frank and Mary Lamberson Foundation awarded 8 grants totaling $60K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The Frank and Mary Lamberson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Frank and Mary Lamberson Foundation reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Frank and Mary Lamberson Foundation's EIN?
The Frank and Mary Lamberson Foundation's EIN (Employer Identification Number) is 59-7096409. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in The Frank and Mary Lamberson Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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