Public Charity

JOHN L SEVERANCE

JOHN L SEVERANCE, of BROOKLYN, OH, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $2.7M in revenue, $4.7M in expenses, $62.3M in total assets. IRS filings disclose 7 grants awarded by this foundation, totaling roughly $26.4M.

EIN: 346506884 BROOKLYN, OH Single Organization Support NTEE: A11 Latest filing: 2025
Total Revenue$2.7M
Total Expenses$4.7M
Total Assets$62.3M
Grants Given7
Grant Total$26.4M
Filing Years2021–2025

Mission

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).

Where $100 goes at John L Severance

How John L Severance divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$91 Programs the work itself
$9 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $91 for programs

$91
Grants made to the cleveland museum of art to be used in the purchase of works of art
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Given

CLEVELAND, OH · 2025
USED FOR THE PURCHASE OF WORKS OF ART.
$4,244,559
CLEVELAND, OH · 2024
USED FOR THE PURCHASE OF WORKS OF ART.
$3,729,976
CLEVELAND, OH · 2023
USED FOR THE PURCHASE OF WORKS OF ART.
$3,845,245
CLEVELAND, OH · 2022
USED FOR THE PURCHASE OF WORKS OF ART.
$4,180,457
CLEVELAND, OH · 2021
USED FOR THE PURCHASE OF WORKS OF ART.
$3,415,245

Showing up to 5 of 7 total records — full history available with membership.

Officers & Directors

CMA Asst Treasurer of Finance Russ Klimczuk

Officer compensation and complete director data available with membership.

Top Grant Purposes

Arts & Culture
$26,384,273 7 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.7M $4.7M $62.3M
2024 $13.0M $4.2M $64.1M
2023 $2.0M $4.2M $55.4M
2022 $3.3M $4.6M $57.6M
2021 $4.5M $3.8M $58.8M

Between 2021 and 2025, reported annual revenue declined from $4.5M to $2.7M (-39%), with total assets most recently reported at $62.3M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in OH.

OH

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for JOHN L SEVERANCE

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