Altman Foundation
Altman Foundation is a private foundation based in New York, NY, established in 1919. The foundation is structured as a 501(c)(3) organization and operates as a private grantmaking foundation focused on enriching the quality of life in New York City through strategic philanthropic support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$286.5M
+1.1% YoY
Annual Giving
$12.9M
+2.6% YoY
Grant Count
216
+6.4% YoY
Avg Grant Size
$60K
-3.6% YoY
Under IRS private-foundation payout rules, Altman Foundation reported a distributable amount of $13.9M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to enrich the quality of life in New York City through support for programs and institutions that advance opportunity and equity for individuals, families, and communities.
The foundation organizes its grantmaking around five primary focus areas:
- Education: Increasing access to educational opportunities
- Health: Enhancing health and healthcare
- Strengthening Communities: Building vibrant communities
- Cultural Engagement: Enriching lives through cultural engagement
- Services to Not-for-Profits: Serving the not-for-profit sector
Grantmaking
Recent grants demonstrate a range of award amounts, with typical grants ranging from $35,000 to $200,000. The median grant amount is approximately $50,000, with a maximum grant size of $200,000.
Grant Range
s and Patterns
How to Apply
The foundation maintains an active grant portal for applicants. The Health Portfolio Grant Program currently accepts Letters of Inquiry on a rolling basis, with funding ranging from $50,000 to $450,000. This program focuses on expanding access to healthcare, behavioral health, and social care for underserved and vulnerable populations in New York City, with priorities including strengthening the capacity of safety net providers, supporting integrated whole person care, and developing the health workforce for community-based delivery.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in New York City, with a particular emphasis on institutions and programs serving New York residents.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets and Income (2024):
- Total Assets: $287 million
- Total Revenue: $28.1 million
- Total Expenses: $21.4 million
- Net Income: $6.6 million
- Total Liabilities: $7.85 million
Assets and Income (2023):
- Total Assets: $283.3 million
- Total Revenue: $12.2 million
- Total Expenses: $18.4 million
Grantmaking Activity:
- Total Giving (2023): $12.9 million
- Number of Grants (2023): 203 grants
The foundation has demonstrated consistent asset growth, increasing from $234 million in 2011 to $287 million in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $286,541,001 | $283,326,707 | $277,355,017 |
| Revenue | $28,077,811 | $12,171,056 | $13,837,021 |
| Expenses | $21,414,704 | $18,396,836 | $20,449,704 |
| Qualifying Distributions | $15,429,499 | $15,053,697 | $14,978,271 |
| Net Investment Income | $20,449,753 | $8,023,967 | $9,241,752 |
| Distributable Amount | $13,917,255 | $13,705,136 | $14,943,847 |
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
250 grants across all recorded years
Open Grants
1 open opportunity from Altman Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bottom Line Inc ($125,000), Brownsville Community Development Corporation ($110,000), Albert Einstein College of Medicine Montefiore Medical Center ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVOCATES FOR CHILDREN OF NEW YORK INC NEW YORK, NY | TO ASSIST FAMILIES SEEKING SUPPORT FOR SCHOOL SUCCESS | $50,000 |
| ALBERT EINSTEIN COLLEGE OF MEDICINE MONTEFIORE MEDICAL CENTER BRONX, NY | TO EMPLOY COMMUNITY HEALTH WORKERS TO INTEGRATE SOCIAL CARE INTO OBSTETRIC PRACTICE IN THE BRONX | $100,000 |
| ALL OUR KIN NEW HAVEN, CT | TO HELP CREATE THE CONDITIONS FOR FAMILY CHILD CARE TO THRIVE IN NEW YORK CITY | $75,000 |
| ALLIANCE OF RESIDENT THEATRESNEW YORK INC BROOKLYN, NY | TO PROVIDE CAPACITY BUILDING SUPPORT FOR ARTSPOOL | $50,000 |
| AMERICA ON TECH INC NEW YORK, NY | TO SUPPORT NYC-BASED OUT-OF-SCHOOL-TIME TECHNOLOGY EDUCATION PROGRAMS | $50,000 |
| AMERICAN BALLET YORKVILLE STATION, NY | MATCHING GIFT FOR PROGRAMS AND INITIATIVES IN NEW YORK | $6,000 |
| AMERICAN COMPOSERS ORCHESTRA INC NEW YORK, NY | TO SUPPORT COMPOSER INITIATIVES AND PILOT PROGRAMS IN NEW YORK AND RELATED ORGANIZATIONAL CAPACITY | $75,000 |
| ARF HAMPTONS WAINSCOTT, NY | MATCHING GIFT FOR PROGRAMS AND INITIATIVES IN NEW YORK | $675 |
| ASPCA NEW YORK, NY | MATCHING GIFT FOR PROGRAMS AND INITIATIVES IN NEW YORK | $360 |
| BEAM CENTER INC BROOKLYN, NY | TO SUPPORT THE EXPANSION OF THE PROJECT LEADERS ENTERPRISE PROGRAM | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Officers:
- Deborah T. Velazquez: President, Trustee (35 hours/week, $378,000 compensation)
- Jane B. O'Connell: Chair, Trustee
- John W. Townsend: Vice President, Treasurer, Trustee
- Beverly F. Chase: Secretary, Trustee
- James M. Burke: Trustee
- Wilfred A. Finnegan: Assistant Treasurer, Trustee
- William A. Goodloe: Trustee
- Lisa Hinds: Trustee
- Ellen L. Rautenberg: Assistant Secretary, Trustee
The foundation is governed by 13 officers and trustees in total.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JANE B O'CONNELL | CHAIR, TRUSTEE | 1.5 | — |
| JOHN W TOWNSEND | VICE PRESIDENT, TREASURER, TRUSTEE | 1.5 | — |
| BEVERLY F CHASE | SECRETARY, TRUSTEE | 1.5 | — |
| DEBORAH T VELAZQUEZ | PRESIDENT, TRUSTEE | 35 | $381,900 |
| JAMES M BURKE | TRUSTEE | 1.5 | — |
| WILFRED A FINNEGAN | ASSISTANT TREASURER, TRUSTEE | 1.5 | — |
| WILLIAM A GOODLOE | TRUSTEE | 1.5 | — |
| LISA HINDS | TRUSTEE | 1.5 | — |
| ELLEN L RAUTENBERG | ASSISTANT SECRETARY, TRUSTEE | 1.5 | — |
| DAVID NOCENTI | TRUSTEE | 1.5 | — |
| JOYCE SHEN | TRUSTEE | 1.5 | — |
| JULIA V SHEA | TRUSTEE EMERITA | 1.5 | — |
| PATRICIA J VOLLAND | TRUSTEE EMERITA | 1.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation maintains an active grantmaking program with ongoing grant opportunities. The foundation operates a grant portal for prospective applicants and regularly announces funding opportunities across its five focus areas.
Altman Foundation Elects New Board Chair and Appoints Chair ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Altman Foundation fund?
The foundation's mission is to enrich the quality of life in New York City through support for programs and institutions that advance opportunity and equity for individuals, families, and communities. The foundation organizes its grantmaking around five primary focus areas: • **Education**: Increasing access to educational opportunities • **Health**: Enhancing health and healthcare • **Strengthening Communities**: Building vibrant communities • **Cultural Engagement**: Enriching lives through c…
How do I apply for a grant from Altman Foundation?
Recent grants demonstrate a range of award amounts, with typical grants ranging from $35,000 to $200,000. The median grant amount is approximately $50,000, with a maximum grant size of $200,000. **Education:** • All Our Kin: $75,000 **Health:** • Community Health Care Association of New York State: $170,000 • Independence Care System: $100,000 (over two years) • NYC Health + Hospitals/Elmhurst: $125,000 • Supportive Housing Network of New York, Inc.: $150,000 (over two years) • United Way of Ne…
Where does Altman Foundation make grants?
The foundation's grantmaking is concentrated in New York City, with a particular emphasis on institutions and programs serving New York residents.
What size grants does Altman Foundation award?
In 2024, Altman Foundation awarded 216 grants totaling $12.9M — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is Altman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Altman Foundation reported a distributable amount of $13.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Altman Foundation's EIN?
Altman Foundation's EIN (Employer Identification Number) is 13-1623879. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Altman Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Altman Foundation on Grantable?
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