THE LENFEST INST FOR JOURNALISM SPE ASSET FUND OF THE PHL FOUNDATION

PHILADELPHIA, PA, 19103-2909 (215) 563-6417 Est. 2002 EIN 04-3731829
T12— Philanthropy & Grantmaking Form 990 501(c)(3)

Mission

THE MISSION OF THE LENFEST INSTITUTE FOR JOURNALISM SPECIAL ASSET FUND OF THE PHILADELPHIA FOUNDATION (THE INSTITUTE) IS TO RECEIVE, MANAGE, AND DISTRIBUTE ASSETS IN SUPPORT OF THE PHILADELPHIA FOUNDATION (TPF) BY ENABLING QUALITY LOCAL JOURNALISM THAT SERVES ITS COMMUNITIES.

Giving Portfolio

Total Grants
544
Total Giving
$94.5M
Recipients
488
Years Active
2018 - 2024
Avg grant: $176,407 Median: $25,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202497$15.0M $154K3858
202358$13.6M $234K2929
202270$15.8M $225K5416
2020108$24.4M $226K6246
2019145$20.8M $143K8322
201866$5.0M $76K510

Sectors Funded

Arts, Culture & Humanities
109
Education
70
Human Services
15
Community Improvement
14
Public & Societal Benefit
11
Civil Rights & Advocacy
8
Employment
6
Crime & Legal-Related
5
and 10 more sectors

Top States

Pennsylvania
226
New York
56
California
51
Michigan
19
North Carolina
16
Minnesota
15
Illinois
14
Texas
13
and 36 more states

Grantee Size Profile

$1M - $5M
97
$10M - $50M
47
$5M - $10M
40
Over $50M
33
$500K - $1M
29
$100K - $500K
18
Under $100K
6

Top Grantees

Page 1 of 3
THE PHILADELPHIA INQUIRER
PA - 14 grants
$26.4M
PHILADELPHIA INQUIRER PBC
PA
$7.5M
NY - 4 grants
$7.0M
PA - 3 grants
$3.4M
NY - 2 grants
$3.4M
NY - 3 grants
$2.7M
$2.6M

Grants Awarded · 286 grants

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Financials

Total Revenue
$26,054,320
Total Expenses
$22,756,190
Net Assets
$128,255,982
19 employees 33 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
5.6 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 18.5%
Expenses ↑ 4.3%
Revenue Sources
Contributions 82.6% Investment 16.7% Other 1.0%
Expense Breakdown
Program 88.0% Management 6.0% Fundraising 6.0%

Officers & Trustees (40)

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Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 Form 990
Jan 1, 2024 to Dec 31, 2024
$26,054,320 $22,756,190$128,255,982
2023 Form 990
Jan 1, 2023 to Dec 31, 2023
$31,951,841 $21,808,175$120,739,838
2022 Form 990
Jan 1, 2022 to Dec 31, 2022
$41,516,736 $21,565,100$102,654,577
2020 Form 990
Jan 1, 2020 to Dec 31, 2020
$21,750,954 $30,909,697$91,572,937
2019 Form 990
Jan 1, 2019 to Dec 31, 2019
$25,125,953 $28,688,218$97,654,999
2018 Form 990
Jan 1, 2018 to Dec 31, 2018
$51,599,715 $9,759,033$99,698,237

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EIN: 04-3731829 · Source: IRS Form 990 e-file data