About 1616 Latimer Fund
To preserve and maintain the Cosmopolitan Club's 1616 Latimer Street building — a significant example of Art Deco architecture — by funding major capital projects, restoration, and accessibility improvements consistent with a master preservation plan.
Focus Areas
historic_preservationbuilding_rehabilitationarchitectureaccessibility improvementscapital campaigns
Who They Fund
historic buildings/landmarkslocal historic societies or preservation organizationscultural heritage stewards
Funding Style
capital restoration/project-specific fundingrestricted-use grantone-time or short-term capital support
About 1616 Latimer Fund
The 1616 Latimer Fund centers its giving on preserving the Cosmopolitan Club’s 1616 Latimer Street building in Philadelphia, a historic Art Deco landmark. Recent grants show a repeated commitment to the same site, with support directed to preservation work rather than a broad portfolio of unrelated causes. The fund’s stated purpose includes major capital projects, restoration, and accessibility improvements aligned with a master preservation plan, which places the building itself at the center of the grantmaking strategy. That focus appears in the fund’s largest recent award, a $344,528 grant in 2024 to the Cosmopolitan Club, followed by another $172,757 grant in 2025 to the same recipient. A separate $141,750 grant in 2024 also went to the Cosmopolitan Club for preservation of the historic building. The pattern is highly specific: the fund supports one local heritage asset through project-based capital work, with the recipient consistently being the organization that stewards the property. Its grantmaking is local and tied to a single historic site rather than a dispersed portfolio of grantees. The emphasis on preservation, rehabilitation, and public access shows how the fund combines heritage conservation with building improvements.
What 1616 Latimer Fund Funds
Historic preservation is the core theme of the 1616 Latimer Fund’s giving. In 2024, it awarded $344,528 to the Cosmopolitan Club to fund preservation of the historic building, and in 2025 it made a $172,757 grant for the same purpose. Those awards point to sustained support for the physical conservation of 1616 Latimer Street rather than general operating aid. The fund also supports capital restoration and building rehabilitation. A $141,750 grant in 2024 went to the Cosmopolitan Club for preservation of the historic building, reinforcing the project-based nature of the support. Across its active programs, the fund’s priorities include architecture, accessibility improvements, and public access work, all tied to the same property. Accessibility is another clear thread. Program descriptions reference ADA-related upgrades such as ramps, automatic doors, and a vertical or glass lift, showing that preservation work is paired with access improvements and building systems updates.
How 1616 Latimer Fund Gives
The typical grant size is relatively large, with a p25 of $192,444, a median of $243,139, and a p75 of $293,834. Recent awards cluster around the same historic property, which suggests a project-specific pattern rather than many small awards across multiple grantees. The fund’s structure is consistent with restricted-use capital support: its listed philosophy includes capital restoration, project-specific funding, and one-time or short-term preservation support. Active programs also show that some campaign-related giving levels accept unsolicited support, while capital project grant programs tied to the site do not. The latest 990 year on file is 2025.
Financial Snapshot
Annual Giving
$659K
Total Assets
$504K
Total Revenue
$382K
Total Expenses
$190K
Typical Grant Size
Most grants fall between $192K and $294K, with a median of $243K.
25th Percentile
$192K
Median
$243K
75th Percentile
$294K
Geographic Reach
Local1 state funded
About 100% of grants go to recipients in PA.
Intensidad de financiamiento
BajaAlta
Sede
Leadership
DIANNE REED
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