The Lakewood Foundation
The Lakewood Foundation is a private, not-for-profit, community-based organization. The Lakewood Foundation enhances the lives of lakewood residents by serving as the fiscal agent for service groups and city departments. The trustees of the Lakewood Foundation assist and support special projects they believe will further the well being of the lakewood community.
The Lakewood Foundation at a glance
In short: The Lakewood Foundation gave $105K across 1 grant in 2024 (avg $105K), mostly in Ohio. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $105,105
- +737.3% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $105,105
- +737.3% vs 2023
- Median grant
- $105,105
- Total assets
- $3,192,802
- +9.0% vs 2023
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who The Lakewood Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was City of Lakewood ($105K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Lakewood Foundation gives
- Giving grew 31% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $13K (2023) to $105K (2024). In 2024 it made 1 grant totaling $105K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Lakewood Lakewood, OH | Human Services | $105,105 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,192,802 | $640,766 | $428,380 | $105,105 | 1 | $317,184 |
| 2023 | $2,930,416 | $547,787 | $248,878 | $12,553 | 1 | $307,347 |
| 2022 | $2,631,507 | $305,398 | $205,583 | $20,677 | 1 | $59,990 |
| 2021 | $2,983,125 | $232,823 | $269,051 | $80,052 | 1 | $92,820 |
| 2020 | $2,851,119 | $316,342 | $221,397 | — | — | $66,597 |
| 2019 | $2,547,777 | $2,000,210 | $167,309 | — | — | $71,519 |
About The Lakewood Foundation
Based on IRS filings
The Lakewood Foundation is a public charity, based in Lakewood, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 1 grant totaling $105K. Net investment income was $317K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Lakewood Foundation is led by Karen M. Lee, President on every filing since 2019; none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Karen M. Lee
President
On filings since 2019
2 hrs/week
No compensation reported
Betsy Shaughnessy
Director
On filings since 2019
2 hrs/week
No compensation reported
John Zanghi
Director
On filings since 2019
2 hrs/week
No compensation reported
Kathy Haber
Director
On filings since 2019
2 hrs/week
No compensation reported
Michael Bentley
Director
On filings since 2019
2 hrs/week
No compensation reported
Judy Wright
Director
New on the 2024 filing
2 hrs/week
No compensation reported
Cynthia Costello
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Nora Katzenberger
Secretary
On filings since 2019
2 hrs/week
No compensation reported
Lindsey Grdina
Vice President
Director → Vice President, 2023
On filings since 2021
2 hrs/week
No compensation reported
Athena Loughrin
Directort
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (4)
- Former: Kristin Harwell (2019–2023) — Directort
- Former: Lenore Kline (2019–2020) — Director
- Former: Kaprice Holloway (2019) — Vice President
- Former: Maria Shinn (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "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 The Lakewood Foundation
How much does The Lakewood Foundation give each year?
The Lakewood Foundation gave $105K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $13K across 1 grant.
How large is The Lakewood Foundation?
The Lakewood Foundation reported $3.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $641K.
Where does The Lakewood Foundation operate?
The Lakewood Foundation has awarded grants in Ohio.
What is The Lakewood Foundation's EIN?
The Lakewood Foundation's EIN (Employer Identification Number) is 31-1529669. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work The Lakewood Foundation funds
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