Able Trust
Able Trust is a private foundation based in New York, NY. In its 2024 filing, it reported 24 grants totaling $34,455, with awards to charitable organizations including schools, a college-access organization, and New York-based nonprofits.
Able Trust at a glance
In short: Able Trust gave $34K across 24 grants in 2024 (avg $1K), mostly in New York. 42% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $34,455
- +17.5% vs 2023
- Grants made (2024)
- 24
- +50.0% vs 2023
- Average grant
- $1,436
- -21.7% vs 2023
- Median grant
- $1,000
- Total assets
- $778,803
- -2.4% vs 2023
- New grantees (estimate)
- 42% first-time grantees (10 of 24, 2024; small sample)
- Primary geography
- New York (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Able Trust
- Accepts unsolicited proposals
- No
- How to Apply
-
Able Trust states on its 2024 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1100 Park Ave 12-D, New York, NY 10128-1202
Phone: (212) 996-0821
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Able Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was City Harvest Inc ($6K). Together the top 10 received $27K.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was under $50K: 79 grants of 79 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 73% of grant dollars went to recipients in New York, 16% to Connecticut, and 11% to Washington, DC. The filing also lists 0% for Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 24 itemized grants.
Cities
Is Able Trust open to new grantees?
42%
first-time grantees, 2024
In 2024, 10 of 24 grantees (42%) were first-time recipients. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $938; repeat grants $2K. How we count
Medians: $1K first-time, $1K repeat.
- 38% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 157% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $18K (2020) to $39K (2022). In 2024 it made 24 grants totaling $34K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City Harvest Inc New York, NY | General Support | $6,000 |
| UJA Federation of New York New York, NY | General Support | $6,000 |
| Greenvale School Fund Old Brookvlle, NY | General Support | $2,500 |
| Choate School Wallingford, CT | General Support | $2,500 |
| United Negro College Fund Washington, DC | General Support | $2,500 |
| Grace Church School New York, NY | General Support | $2,500 |
| Columbia University Lymphoma Fund New York, NY | General Support | $2,000 |
| Fresh Air Fund New York, NY | General Support | $1,000 |
| Horace Mann School Bronx, NY | General Support | $1,000 |
| Yale Law School New Haven, CT | General Support | $1,000 |
Ready to take the next step with Able Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $778,803 | $15,773 | $34,585 | $34,455 | 24 | $34,455 | $15,743 | $21,938 |
| 2023 | $797,944 | $124,005 | $68,027 | $29,335 | 16 | $29,335 | $85,313 | $31,016 |
| 2022 | $739,433 | $41,899 | $39,095 | $38,765 | 9 | $38,765 | $43,781 | $29,219 |
| 2021 | $736,629 | $934 | $32,780 | $32,520 | 21 | $32,520 | $934 | $23,803 |
| 2020 | $768,475 | $10,501 | $18,160 | $17,900 | 9 | — | $10,241 | $25,665 |
Under IRS private-foundation payout rules, Able Trust reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for Able Trust is provided. Its 2024 grantees describe a range of activities: UNCF says it works to support underrepresented students through college and strengthen its member institutions; Grace Church School describes a focus on intellectual excellence and ethical virtue; and Horace Mann School says it prepares students to lead “great and giving lives.” The Fresh Air Fund says it provides New York City children from low-income families with cultural, recreational, and educational experiences, while New York Public Radio describes its work as producing audio programming rooted in New York.
Grantmaking
In 2024, Able Trust gave 24 grants totaling $34,455. Grant amounts ranged from $75 to $6,000, with a median award of $1,000. Among its largest grants were $6,000 each to City Harvest and UJA Federation of New York; $2,500 each to Greenvale School Fund, Choate School, United Negro College Fund, and Grace Church School; and $2,000 to Columbia University Lymphoma Fund. Other listed recipients include the Fresh Air Fund ($1,000), Horace Mann School ($1,000), Yale Law School ($1,000), Yale College Alumni Fund ($1,000), and Park Ave Synagogue ($1,000). New York Public Radio received $180 in 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Melvin L Bedrick, Catherine Chapman, Michael Bedrick, and Olivia Brokaw as trustees.
Able Trust's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Melvin L. Bedrick
Trustee
On filings since 2020
1 hr/week
No compensation reported
Michael Bedrick
Trustee
On filings since 2021
1 hr/week
No compensation reported
Olivia Brokaw
Trustee
On filings since 2021
1 hr/week
No compensation reported
Catherine Chapman
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Catherine O'Neill (2021–2023) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Able Trust
How much does Able Trust give each year?
Able Trust gave $34K across 24 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $29K across 16 grants.
What is Able Trust's typical grant size?
Able Trust's median grant in 2024 was $1,000, and its average grant was $1,436, across 24 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Able Trust that year got $938 on average.
Where does Able Trust give grants?
Able Trust gives mostly in New York: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Connecticut (16%) and District of Columbia (11%). The most frequent recipient cities were New York, NY (14 grants), Washington, DC (3 grants) and New Haven, CT (3 grants).
Does Able Trust give general operating support?
Yes: 100% of Able Trust's 2024 grants with a stated purpose (24 of 24) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Able Trust's largest grantees?
Able Trust's largest 2024 grantees include City Harvest Inc ($6,000), UJA Federation of New York ($6,000) and Greenvale School Fund ($2,500), according to its 2024 IRS Form 990-PF. Together they received 42% of its itemized 2024 grant dollars.
How large is Able Trust?
Able Trust reported $779K in total assets on its 2024 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
What does Able Trust fund?
No mission statement for Able Trust is provided. See mission & focus areas ↑
How do I apply for a grant from Able Trust?
Able Trust states on its 2024 filing that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Able Trust's EIN?
Able Trust's EIN (Employer Identification Number) is 13-3388412. IRS Form 990 filing data is available on this page for 2020–2024.
Does Able Trust accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Able Trust's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in New York
Select Equity Group Foundation
New York, NY
The foundation supports charitable organizations in advocacy and civil rights, arts and culture, education and youth development, the environment, health, human services, and international development, locally, nationally, and internationally. In 2025, grants ranged from $30 to $500,000, with a median of $1,500. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$44.7M
Grants
854
Total Given
$7.3M
The Ford Foundation
New York, NY
The Ford Foundation funds organizations and initiatives working to reduce inequality and advance social justice, including work on civic engagement, civil rights, climate justice, disability rights, and technology and society. In 2024, its grants ranged from $45 to $15 million, with a median of $100,000, supporting work in the U.S. and internationally. It says most grants are identified by the foundation and it does not accept unsolicited proposals by mail, email, or phone; limited opportunities may be offered separately.
Assets
$17.5B
Grants
4,007
Total Given
$844.7M
The New York Community Trust
New York, NY
The New York Community Trust funds nonprofit programs in areas such as arts, education, health, the environment, workforce development, and youth development, including projects that improve services, build organizational capacity, or advance policy and systems change. Its competitive grants mainly serve New York City, Long Island, and Westchester, with some national and international environmental funding; the 2024 median grant was $20,000. The profile does not state whether it accepts unsolicited requests.
Assets
$3.5B
Grants
2,748
Total Given
$193.8M
The Simons Foundation Inc
New York, NY
The Simons Foundation funds research and public engagement in mathematics and the physical, life, autism, and neuroscience sciences. In 2024, it made 1,727 grants, with a median award of $72,000 and amounts ranging from $1,480 to $20 million, supporting organizations in the U.S. and internationally. It states that it funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$4.5B
Grants
1,727
Total Given
$272.0M
Local Initiatives Support Corporation
New York, NY
LISC funds affordable housing, community development, small businesses, and related efforts that strengthen inclusive communities, providing grants as well as loans, equity, and technical assistance across the country. Its 2024 grants had a median award of $40,000, though amounts varied widely. Application access is program-specific: for its Rhode Island child care facilities planning grants, applicants are instructed to consult program staff before submitting a request.
Assets
$1.6B
Grants
1,119
Total Given
$102.8M
Wellspring Philanthropic Fund Inc
New York, NY
Wellspring Philanthropic Fund supports human rights and social and economic justice, including work on climate, the environment, civic engagement, and Jewish causes, in the United States and internationally. Its 2024 grants had a median of $200,000, with amounts ranging from $500 to $9.75 million. It funds only preselected organizations and does not accept unsolicited requests; it plans to end grantmaking by the end of 2028.
Assets
$134.4M
Grants
1,101
Total Given
$326.0M
More Funders in New York
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Able Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Able Trust down — hundreds of funders to go?