1898 Foundation Inc is a private foundation focused on Education, based in PURCHASE, NY. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.4M in total assets. In 2023, it awarded 6 grants totaling $42K. Net investment income was $25K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$1.4M
+284.7% YoY
Annual Giving
$42K
+163.9% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$7K
-12.0% YoY
Under IRS private-foundation payout rules, 1898 Foundation Inc reported a distributable amount of $48K for 2023 — the minimum it must pay out in qualifying distributions.
About 1898 Foundation Inc
Based on IRS filings
1898 Foundation Inc is a private foundation focused on Education, based in PURCHASE, NY. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $1.4M in total assets. In 2023, it awarded 6 grants totaling $42K. Net investment income was $25K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,424,499 | $370,334 | $369,748 |
| Revenue | $1,152,814 | $18,538 | $128,983 |
| Expenses | $105,149 | $17,952 | $57,642 |
| Qualifying Distributions | $100,849 | $17,952 | $57,642 |
| Net Investment Income | $25,484 | $38 | $33 |
| Distributable Amount | $48,289 | $18,750 | $16,504 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2023
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Scholarship America Inc ($25,000), Caddie Scholarship Fund ($5,000), Mga Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HARRISON FOOD PANTRY HARRISON, NY | COMMUNITY OUTREACH | $2,000 |
| CADDIE SCHOLARSHIP FUND ELMSFORD, NY | GENERAL SUPPORT | $5,000 |
| FEEDING WESTCHESTER ELMSFORD, NY | GENERAL SUPPORT | $2,500 |
| MGA FOUNDATION ELMSFORD, NY | GENERAL SUPPORT | $5,000 |
| METRO CLUB FOUNDATION ELMSFORD, NY | GENERAL SUPPORT | $2,000 |
| SCHOLARSHIP AMERICA INC DETRIOT, MI | SCHOLARSHIP | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALAN KLEIN | PRESIDENT | 3 | — |
| LISA MCGOWAN | VICE PRESIDENT | 3 | — |
| GREGORY WEISS | SECRETARY/TREASURER | 3 | — |
| LUCY DANZIGER | DIRECTOR | 3 | — |
| JEANNE FOGEL | DIRECTOR | 3 | — |
| JULIA GUGGENHEIMER | DIRECTOR | 3 | — |
| LUCY KLINGENSTEIN | DIRECTOR | 3 | — |
| BETTY LEVIN | DIRECTOR | 3 | — |
| DANIEL POLLACK | DIRECTOR | 3 | — |
| MAURY POVICH | DIRECTOR | 3 | — |
| JILL RAPPAPORT | DIRECTOR | 3 | — |
| MATTHEW SAVITT | DIRECTOR | 3 | — |
| ROBERT SOBEL | DIRECTOR | 3 | — |
| THOMAS STRAUSS | DIRECTOR | 3 | — |
| ANN TISCH | DIRECTOR | 3 | — |
| JEAN TROUBH | DIRECTOR | 3 | — |
| EDGAR WACHEMHEIM | DIRECTOR | 3 | — |
| BURTON WARD | DIRECTOR | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 1898 Foundation Inc?
1898 Foundation Inc is a private foundation focused on Education, based in PURCHASE, NY. It holds $1.4M in total assets as of 2023.
How large is 1898 Foundation Inc?
As of 2023, 1898 Foundation Inc holds $1.4M in total assets with $1.2M in annual revenue. It awarded 6 grants totaling $42K in 2023.
Where does 1898 Foundation Inc operate?
1898 Foundation Inc has awarded grants in California, District of Columbia, Florida, Michigan, New York, Virginia.
What size grants does 1898 Foundation Inc award?
In 2023, 1898 Foundation Inc awarded 6 grants totaling $42K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is 1898 Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, 1898 Foundation Inc reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 1898 Foundation Inc's EIN?
1898 Foundation Inc's EIN (Employer Identification Number) is 82-3903009. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in 1898 Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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