LM Foundation
Preselected recipients only
LM Foundation is a private foundation in New York, New York. In tax year 2025 it gave $1.1 million in 17 grants; the typical grant was $25,000 and the largest $225,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$1.1 million
- Number of grants17
- Typical grant$25,000
- Largest grant$225,000
- Assets$22.6 million
- New grantees59%
Giving in 2025 was up from $670,000 the year before.
59% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $1.3 million | 18 | $18.9 million |
| 2024 | $670,000 | 13 | $20.2 million |
| 2025 | $1.1 million | 17 | $22.6 million |
How to apply
LM Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What LM Foundation funds
Where it gives
Its grants went to recipients in 3 states, the most to New York.
| State | Grants | Amount |
|---|---|---|
| New York | 13 | $721,000 |
| District of Columbia | 3 | $310,000 |
| California | 1 | $25,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Breaking Ground | Achieve charitable purpose | $225,000 |
| Center on Budget and Policy Priorities | Achieve charitable purpose | $200,000 |
| Vera Institute of Justice | Achieve charitable purpose | $150,000 |
| Governing for Impact | Achieve charitable purpose | $100,000 |
| John Jay College | Achieve charitable purpose | $100,000 |
| The Doe Fund | Achieve charitable purpose | $55,000 |
| Guggenheim | Achieve charitable purpose | $50,000 |
| Macaulay Honors College Foundation | Achieve charitable purpose | $40,000 |
| Bail Project | Achieve charitable purpose | $25,000 |
| Greater Ny | Achieve charitable purpose | $25,000 |
| International Rescue Committee | Achieve charitable purpose | $20,000 |
| Church of Saint Joseph | Achieve charitable purpose | $16,000 |
| Covenant House | Achieve charitable purpose | $15,000 |
| Black Economic Alliance Foundation | Achieve charitable purpose | $10,000 |
| City Harvest | Achieve charitable purpose | $10,000 |
| The Brotherhood Sister Sol Inc | Achieve charitable purpose | $10,000 |
| Brooklyn Community Housing and Services Inc | 501(c)(3) | $5,000 |
Officers and trustees
- Michael L Ryan
- Elizabeth Jaime Alter
Questions people ask
Does LM Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does LM Foundation give?
$1.1 million in tax year 2025, across 17 grants, with a typical grant of $25,000.
Who runs LM Foundation?
Its 2025 filing lists Michael L Ryan (Trustee) and Elizabeth Jaime Alter (Trustee).
What does LM Foundation fund?
Based on its grants, mainly education.