JOHN L SEVERANCE

BROOKLYN, OH, US
501(c)(3)
EIN
34-6506884
Regional Funder
funder logo
BROOKLYN, OH, US
501(c)(3)
EIN
34-6506884
Regional Funder

Overview

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Est.

1945

Fiscal Year Start

Jan 1

Organization Type

funder logo
Grantmaker
AI Summary
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The John L. Severance Foundation is a 501(c)(3) grantmaking organization that focuses on relationship-based funding and operates by invitation only, meaning it does not accept unsolicited proposals. In 2024, the foundation awarded a total of $3.7 million to a single grantee. Nonprofits interested in engaging with this funder can explore warm-introduction pathways through Impala's Funder Prospecting.

Mission Statement

GRANTS ARE MADE ACCORDING TO THE LAST WILL AND TESTAMENT OFJOHN L SEVERENCE DATED JANUARY 31, 1935 IN CONJUNCTION WITH THE TRUST AGREEMENT DATED DECEMBER 23, 1915 AND THE OPERATING AGREEMENT DATED APRIL 30, 2009. IN COMPLIANCE WITH THE TRUST DOCUMENT, KEYBANK AS TRUSTEE, MAKES GRANTS TO THE CLEVELAND MUSEUM OF ART TO BE USED TO PURCHASE WORKS OF ART. UNDER THE OHIO INSTITUTIONAL TRUST FUNDS ACT OF 1999, THE BENEFICIARY HAS CHOSEN TO RECEIVE THE MAXIMUM OF INCOME BASED ON THE GREATER OF 5% OF AFV OR TRADITIONAL INCOME.KEYBANK MAINTAINS A RESPONSIVENESS TO THE NEEDS AND ACTIVITIES OF THEBENEFICIARIES ORGANIZATION IN THE ATTAINMENT OF ITS MISSION. PLEASE NOTE THE CHARITY HAS A RIGHT TO DIRECT OR APPROVE INVESTMENTS AND THETRUSTEE HAS THE AUTHORITY TO AMEND THE DOCUMENT TO INSURE THECONTINUATION TO QUALIFY AS A 509(A)(3).
Total Funding Given

$3.7M

2024
Grantees funded
1
Multi-year grantees
100%
Funding by Year
Grantee
Total Funding
Funding Share
Logo for "Cleveland Museum of Art"
Cleveland Museum of Art
CLEVELAND, OH
$22.1M
100%
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Total No. of Grants

1

Median 1st year grant
$3.5M
Median 2nd year grant
$3.5M
K
Keybank N A
Board Member
R
Russ Klimczuk
Board Member
K
Keybank by Joseph Velkos
Board Member

Frequently Asked Questions

Can I submit an unsolicited grant proposal to JOHN L SEVERANCE?
No. JOHN L SEVERANCE does not accept unsolicited proposals. Funding is by invitation only.
Where does JOHN L SEVERANCE give?
JOHN L SEVERANCE primarily gives to organizations located in Ohio. These states represent the largest share of the foundation’s grantmaking by dollars awarded. Additional geographic details are available to registered users.
What size are JOHN L SEVERANCE’s grants?
The largest share of grants from JOHN L SEVERANCE fall in the $1 million to $5 million range. The median first-year grant is about $3.5 million. More detailed grant size data is available to registered users.
How many grants does JOHN L SEVERANCE make each year?
In 2024, JOHN L SEVERANCE awarded about 1 grants, totaling nearly $3.7 million. More detailed grant metrics are available to registered users.
Who did JOHN L SEVERANCE fund recently?
In 2024, JOHN L SEVERANCE awarded grants to about 1 grantees. Recent grantees include Cleveland Museum of Art. More detailed information on all recent recipients is available to registered users.
How do we apply to JOHN L SEVERANCE?
JOHN L SEVERANCE does not accept unsolicited proposals. Funding is by invitation only.
Overview
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