The Frank and Mary Lamberson Foundation
The Frank and Mary Lamberson Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 8 grants totaling $61K. Net investment income was $80K.
The Frank and Mary Lamberson Foundation at a glance
In short: The Frank and Mary Lamberson Foundation gave $61K across 8 grants in 2025 (avg $8K), top state North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $61,000
- +1.7% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $7,625
- +1.7% vs 2024
- Median grant
- $7,250
- Total assets
- $1,142,488
- +0.5% vs 2024
- Primary geography
- North Carolina (35% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who The Frank and Mary Lamberson Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Shriners Hospitals Forchildren ($15K). Together the top 8 received $61K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 39 grants of 39 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How The Frank and Mary Lamberson Foundation gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $60K (2019) to $65K (2021). In 2025 it made 8 grants totaling $61K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shriners Hospitals Forchildren Tampa, FL | General | $15,250 |
| University of Michigan Medical School Ann Arbor, MI | General | $15,250 |
| Community Foundation of WNC Asheville, NC | General | $10,000 |
| Asheville Area Arts Council Asheville, NC | General | $9,500 |
| Conservation Through Poverty Alleviation International Inc Rockville, MD | General | $5,000 |
| Vasser College Pughkeepsie, NY | General | $4,000 |
| Mitchell County Animal Rescue Spruce Pine, NC | General | $1,000 |
| Spruce Pine Montessori School Spruce Pine, NC | General | $1,000 |
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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 | $1,142,488 | $95,854 | $90,543 | $61,000 | 8 | $73,806 | $80,166 | $83,691 |
| 2024 | $1,137,114 | $78,593 | $88,860 | $60,000 | 8 | $71,961 | $62,808 | $78,226 |
| 2023 | $1,149,081 | $67,226 | $85,300 | $60,000 | 8 | $70,457 | $49,927 | $68,479 |
| 2022 | $1,167,240 | $24,939 | $87,915 | $60,000 | 7 | $70,761 | $19,624 | $69,802 |
| 2021 | $1,230,276 | $106,989 | $92,555 | $65,000 | 8 | $76,666 | $91,208 | $81,655 |
| 2020 | $1,210,642 | $48,968 | $77,199 | $60,000 | 10 | — | $36,567 | $66,471 |
| 2019 | $1,239,005 | $54,609 | $78,666 | $60,000 | 10 | — | $45,325 | $65,274 |
Under IRS private-foundation payout rules, The Frank and Mary Lamberson Foundation reported a distributable amount of $84K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Frank and Mary Lamberson Foundation's only listed officer is JP Morgan Chase Bank NA, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2021
2 hrs/week
$27K (2021) → $28K (2025)
Former officers (1)
- Former: JP Morgan Chase Bank N A (2019–2020) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $28K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about The Frank and Mary Lamberson Foundation
How much does The Frank and Mary Lamberson Foundation give each year?
The Frank and Mary Lamberson Foundation gave $61K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $60K across 8 grants.
What is The Frank and Mary Lamberson Foundation's typical grant size?
The Frank and Mary Lamberson Foundation's median grant in 2025 was $7,250, and its average grant was $7,625, across 8 grants on its 2025 IRS Form 990-PF.
Where does The Frank and Mary Lamberson Foundation give grants?
The Frank and Mary Lamberson Foundation's top state is North Carolina, with 35% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (25%) and Michigan (25%). The most frequent recipient cities were Asheville, NC (2 grants) and Spruce Pine, NC (2 grants).
Does The Frank and Mary Lamberson Foundation give general operating support?
Yes: 100% of The Frank and Mary Lamberson Foundation's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Frank and Mary Lamberson Foundation's largest grantees?
The Frank and Mary Lamberson Foundation's largest 2025 grantees include Shriners Hospitals Forchildren ($15,250), University of Michigan Medical School ($15,250) and Community Foundation of WNC ($10,000), according to its 2025 IRS Form 990-PF. Together they received 66% of its itemized 2025 grant dollars.
How large is The Frank and Mary Lamberson Foundation?
The Frank and Mary Lamberson Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $74K in qualifying distributions that year, against a required minimum of $84K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
Live grants for the work The Frank and Mary Lamberson Foundation funds
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