Able Trust
Able Trust is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $779K in total assets. In 2024, it awarded 24 grants totaling $34K. Net investment income was $16K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$779K
-2.4% YoY
Annual Giving
$34K
+17.5% YoY
Grant Count
24
+50.0% YoY
Avg Grant Size
$1K
-21.7% YoY
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.
About Able Trust
Based on IRS filings
Able Trust is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $779K in total assets. In 2024, it awarded 24 grants totaling $34K. Net investment income was $16K.
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $778,803 | $797,944 | $739,433 |
| Revenue | $15,773 | $124,005 | $41,899 |
| Expenses | $34,585 | $68,027 | $39,095 |
| Qualifying Distributions | $34,455 | $29,335 | $38,765 |
| Net Investment Income | $15,743 | $85,313 | $43,781 |
| Distributable Amount | $21,938 | $31,016 | $29,219 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include City Harvest Inc ($6,000), Uja Federation of New York ($6,000), Greenvale School Fund ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CITY HARVEST INC NEW YORK, NY | GENERAL SUPPORT | $6,000 |
| CENTRAL PARK CONSERVANCY NEW YORK, NY | GENERAL SUPPORT | $200 |
| THIRTEEN PBS NEW YORK, NY | GENERAL SUPPORT | $350 |
| THIRTEENWNET NEW YORK, NY | GENERAL SUPPORT | $200 |
| FRESH AIR FUND NEW YORK, NY | GENERAL SUPPORT | $1,000 |
| GREENVALE SCHOOL FUND OLD BROOKVLLE, NY | GENERAL SUPPORT | $2,500 |
| HORACE MANN SCHOOL BRONX, NY | GENERAL SUPPORT | $1,000 |
| CHURCH OF THE HEAVENLY REST NEW YORK, NY | GENERAL SUPPORT | $500 |
| NEW YORK PUBLIC RADIO NEW YORK, NY | GENERAL SUPPORT | $180 |
| YALE LAW SCHOOL NEW HAVEN, CT | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MELVIN L BEDRICK | TRUSTEE | 1 | — |
| CATHERINE CHAPMAN | TRUSTEE | 1 | — |
| MICHAEL BEDRICK | TRUSTEE | 1 | — |
| OLIVIA BROKAW | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is Able Trust?
As of 2024, Able Trust holds $779K in total assets with $16K in annual revenue. It awarded 24 grants totaling $34K in 2024.
Where does Able Trust operate?
Able Trust has awarded grants in Connecticut, District of Columbia, Massachusetts, New York, Rhode Island, Virginia.
What size grants does Able Trust award?
In 2024, Able Trust awarded 24 grants totaling $34K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Able Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Able Trust reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Able Trust'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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