The Loretto Foundation
To engage in charitable activites as may be of benefit to aged persons by operating solely for the benefit of, performing the functions of, or carrying out the purposes for the affiliated loretto organizations.
The Loretto Foundation at a glance
- Total assets
- $2,954,114
- +10.0% vs 2023
- Revenue (2024)
- $961,994
- +72.3% vs 2023
- Net investment income (2024)
- $30,315
- +524.2% vs 2023
- Expenses (2024)
- $539,298
- -33.3% vs 2023
- Latest 990 filing
- Form 990 filing, 2024 View filing
Data from IRS Form 990 filing, 2024; updated September 2026.
Who The Loretto Foundation funds
How this funder distributes its grants
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 6 grants of 12 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $73K (2023) to $637K (2021). In 2023 it made 2 grants totaling $73K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Loretto Health & Rehabilitation Syracuse, NY | Security Sytem: $46,309 | $46,309 |
| Churchill Manor Inc Syracuse, NY | Capital Improvements: $26,795 | $26,795 |
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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 | $2,954,114 | $961,994 | $539,298 | — | — | $30,315 |
| 2023 | $2,685,085 | $558,263 | $808,446 | $73,104 | 2 | $4,857 |
| 2022 | $3,017,543 | $594,873 | $797,454 | $537,698 | 5 | $7,979 |
| 2021 | $3,255,753 | $1,087,635 | $1,734,760 | $636,625 | 5 | $3,890 |
About The Loretto Foundation
Based on IRS filings
The Loretto Foundation is a nonprofit organization focused on Adults, based in Syracuse, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $3.0M in total assets. Net investment income was $30K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Loretto Foundation is led by Kimberly Townsend, CEO & President since 2024 (on filings since 2021); none of the 21 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kimberly Townsend
CEO & President
President → CEO & President, 2024
On filings since 2021
1 hr/week
No compensation reported
Liza Magley
Board Member & Chair
Board Member → Board Member & Vice Chair, 2023
Board Member & Vice Chair → Board Member & Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Julie Sheedy
Chief Marketing & Engagement Officer
On filings since 2021
8 hrs/week
$38K (2021) → $0 (2024)
Crystal Paolelli
Board Member & Secretary
Board Member → Board Member & Secretary, 2024
On filings since 2021
1 hr/week
No compensation reported
Greg Lancette
Board Member
On filings since 2021
1 hr/week
No compensation reported
Helene Wallace
Board Member
On filings since 2021
1 hr/week
No compensation reported
Jason Smorol
Board Member
On filings since 2021
1 hr/week
No compensation reported
John Murray
Chief Financial Officer
CFO → Chief Financial Officer, 2024
On filings since 2021
1 hr/week
No compensation reported
John P. Condon
Board Member
On filings since 2021
1 hr/week
No compensation reported
Lisa Sonneborn
Board Member
On filings since 2021
1 hr/week
No compensation reported
Michael Zandri
Board Member & Past Chair
Board Member → Board Member & Chair, 2023
Board Member & Chair → Board Member & Past Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Peter E. Muserlian
Board Member & Past Chair
Board Member & Chair → Board Member & Past Chair, 2023
On filings since 2021
1 hr/week
No compensation reported
Pierre Morrisseau
Board Member & Treasurer
Board Member → Board Member & Treasurer, 2024
On filings since 2021
1 hr/week
No compensation reported
Megan Schneider
Board Member
On filings since 2022
1 hr/week
No compensation reported
Claudia Gasiorowski
Board Member & Vice Chair
Board Member → Board Member & Vice Chair, 2024
On filings since 2023
1 hr/week
No compensation reported
Laiza Semidey
Board Member
On filings since 2023
1 hr/week
No compensation reported
Victoria Colt
Board Member
On filings since 2023
1 hr/week
No compensation reported
Catherine James
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Constance Palleria
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Kimberly Murphy
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Mary Kieler
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (9)
- Former: Cora Alsante (2021–2023) — Board Member & Secretary
- Former: Msgr J. Robert Yeazel (2021–2023) — Board Member
- Former: Barbara C. Kimm (2021–2022) — Board Member
- Former: Claudia Kosty (2021–2022) — Board Member
- Former: Randall Green MD (2021–2022) — Board Member
- Former: James Breuer (2021) — Board Member
- Former: Jeff Knauss (2021) — Board Member
- Former: Paul Predmore (2021) — Board Member
- Former: Philip Kessler (2021) — Board Member
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $84K, to Julie Sheedy (Chief Marketing and Engagement Officer).
Frequently asked questions about The Loretto Foundation
How large is The Loretto Foundation?
The Loretto Foundation reported $3.0M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $962K.
What is The Loretto Foundation?
The Loretto Foundation is a nonprofit organization focused on Adults, based in Syracuse, NY. It holds $3.0M in total assets as of 2024.
Where does The Loretto Foundation operate?
The Loretto Foundation has awarded grants in New York.
What is The Loretto Foundation's EIN?
The Loretto Foundation's EIN (Employer Identification Number) is 22-2339225. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Live grants for the work The Loretto Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Loretto Foundation's focus areas in our free grants database
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