Universal Music Group Lew Wasserman

NEW YORK, NY EIN: 20-1002698

Universal Music Group Lew Wasserman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $406K in total assets. In 2024, it awarded 21 grants totaling $33K. Net investment income was $21K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$406K

+4.9% YoY

Annual Giving

$33K

+0.0% YoY

Grant Count

+23.5% YoY

Avg Grant Size

$2K

-19.0% YoY

Under IRS private-foundation payout rules, Universal Music Group Lew Wasserman reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.

About Universal Music Group Lew Wasserman

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $51K (37%)

Tennessee $19K (14%)

District of Columbia $9K (7%)

Louisiana $9K (7%)

New York $9K (7%)

Georgia $8K (6%)

Massachusetts $6K (4%)

Pennsylvania $6K (4%)

+12 more states

States

Alabama California Colorado District of Columbia Florida Georgia Hawaii Indiana Louisiana Massachusetts Maryland New Hampshire Nevada New York Pennsylvania South Carolina Tennessee Texas Virginia Washington

Cities

ArcataAtlantaBaton RougeBerkeleyBinghamtonCambridgeCarsonClemsonCollege ParkCollege StationColorado SpringHanoverHonoluluIndianapolisIrvineIthacaKnoxvilleLas VegasLong BeachLos Angeles

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$406,007	$386,860	$379,977
Revenue	$24,666	$18,013	$24,671
Expenses	$52,093	$56,921	$34,715
Qualifying Distributions	$48,000	$53,000	$30,500
Net Investment Income	$20,635	$14,092	$20,456
Distributable Amount	$33,415	$19,147	$20,052

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

77 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Antelope Valley College-palmdale Campus ($4,000), University of Nevada Las Vegas ($4,000), Ithaca College ($3,500).

Recipient	Purpose	Amount
UNIVERSITY OF CALIFORNIA IRVINE IRVINE, CA	SCHOLARSHIP - MORGAN AYRES	$500
ITHACA COLLEGE ITHACA, NY	SCHOLARSHIP - CHRISTOPHER M BROWN	$3,500
UNIVERSITY OF CALIFORNIA SANTA BARBARA SANTA BARBARA, CA	SCHOLARSHIP - CAITLIN CRUZ	$500
TEXAS A&M UNIVERSITY COLLEGE STATION, TX	SCHOLARSHIP - JAXON DRAUGHON	$1,000
COLORADO COLLEGE COLORADO SPRING, CO	SCHOLARSHIP - HARPER FROGGE	$500
LIPSCOMB UNIVERSITY NASHVILLE, TN	SCHOLARSHIP - GRACE GEESLIN	$500
CLEMSON UNIVERSITY CLEMSON, SC	SCHOLARSHIP - PEYTON GORHAM	$500
ANTELOPE VALLEY COLLEGE-PALMDALE CAMPUS PALMDALE, CA	SCHOLARSHIP - KEVIN HARA	$4,000
GEORGIA STATE UNIVERSITY ATLANTA, GA	SCHOLARSHIP - KAYLA HURD	$500
CALIFORNIA STATE POLYTECHNIC UNIVERSITY HUMBOLDT ARCATA, CA	SCHOLARSHIP - TAYLOR KENDIG	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JASON GALLIEN	OFFICER AND DIRECTOR	—	—
JEFFREY S HARLESTON	OFFICER/DIRECTOR UNTIL 3/27/24	—	—
NOTOYA BROWN	DIRECTOR	—	—
SUSAN MAZO	DIRECTOR	—	—
MATT REICHSTEIN	DIRECTOR	—	—
ANH LE	ASSISTANT TREASURER	—	—
PETER ROSENZWEIG	TREASURER	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Universal Music Group Lew Wasserman?

Universal Music Group Lew Wasserman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $406K in total assets as of 2024.

How large is Universal Music Group Lew Wasserman?

As of 2024, Universal Music Group Lew Wasserman holds $406K in total assets with $25K in annual revenue. It awarded 21 grants totaling $33K in 2024.

Where does Universal Music Group Lew Wasserman operate?

Universal Music Group Lew Wasserman has awarded grants in Alabama, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Indiana, Louisiana, Massachusetts, Maryland, New Hampshire, Nevada, New York, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington.

What size grants does Universal Music Group Lew Wasserman award?

In 2024, Universal Music Group Lew Wasserman awarded 21 grants totaling $33K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Universal Music Group Lew Wasserman required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Universal Music Group Lew Wasserman reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Universal Music Group Lew Wasserman's EIN?

Universal Music Group Lew Wasserman's EIN (Employer Identification Number) is 20-1002698. IRS Form 990 filing data is available on this page for 2020–2024.