The Lorain Foundation
The Lorain Foundation is a private foundation, based in Lorain, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 18 grants totaling $54K. Net investment income was $11K.
Key facts about The Lorain Foundation
- EIN
- 34-1022034
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $54,064
- Grants made (2024)
- 18
- Average grant
- $3,004
- Median grant
- $1,000
- Total assets
- $1,071,363
- Primary geography
- Ohio (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Lorain Foundation funds
By grant dollars, the top recipient states for The Lorain Foundation's 18 itemized 2024 grants were Ohio (100%). The most frequent recipient cities were Lorain, OH (15 grants) and Elyria, OH (2 grants). None of its 18 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (9 grants) and "Annual Distribution" (7 grants).
How The Lorain Foundation gives
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2021 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Lorain Foundation
- How to evaluate The Lorain Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-1.0% YoY
Annual Giving
$54K
-22.4% YoY
Grant Count
18
-5.3% YoY
Avg Grant Size
$3K
-18.1% YoY
About The Lorain Foundation
Based on IRS filings
The Lorain Foundation is a private foundation, based in Lorain, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 18 grants totaling $54K. Net investment income was $11K.
Ready to take the next step with The Lorain Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 18 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,071,363 | $1,082,083 | $1,107,460 |
| Revenue | $64,646 | $54,720 | $43,958 |
| Expenses | $75,366 | $80,097 | $46,783 |
| Qualifying Distributions | $54,064 | $69,691 | $32,128 |
| Net Investment Income | $10,874 | $19,116 | $23,877 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Asiah Kielian ($11,000), Mercy Regional Foundation ($9,277), Lorain County Community College ($6,950).
| Recipient | Purpose | Amount |
|---|---|---|
| ASIAH KIELIAN Lorain, OH | SCHOLARSHIP | $11,000 |
| MERCY REGIONAL FOUNDATION Amherst, OH | ANNUAL DISTRIBUTION | $9,277 |
| LORAIN COUNTY COMMUNITY COLLEGE Elyria, OH | ANNUAL DISTRIBUTION | $6,950 |
| LORAIN JEWISH WELFARE FUND Lorain, OH | ANNUAL DISTRIBUTION | $6,673 |
| CAMP IDEAS Lorain, OH | ANNUAL DISTRIBUTION | $4,000 |
| LORAIN COUNTY HEALTH & DENTISTRY Lorain, OH | DISCRETIONARY ANNUAL | $3,000 |
| YWCA OF LORAIN Lorain, OH | ANNUAL DISTRIBUTION | $2,600 |
| UH ELYRIA MEDICAL CENTER Elyria, OH | ANNUAL DISTRIBUTION | $1,588 |
| AVA ASCHEMEIER Lorain, OH | SCHOLARSHIP | $1,000 |
| HOLLY M MARIINER Lorain, OH | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kelly Boyer-Sagert | Trustee | — | — |
| Richard J Colella | Trustee | — | — |
| Edward Branham | Trustee | — | — |
| Stephen Chavez | Trustee | — | — |
| Lisa Arnoczky | Trust Office | — | — |
Frequently Asked Questions
How large is The Lorain Foundation?
As of 2024, The Lorain Foundation holds $1.1M in total assets with $65K in annual revenue. It awarded 18 grants totaling $54K in 2024.
Where does The Lorain Foundation operate?
The Lorain Foundation has awarded grants in Ohio.
What size grants does The Lorain Foundation award?
In 2024, The Lorain Foundation awarded 18 grants totaling $54K — an average of about $3K per grant, based on its IRS Form 990 filings.
What is The Lorain Foundation's EIN?
The Lorain Foundation's EIN (Employer Identification Number) is 34-1022034. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.