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
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
No grants recorded for .
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 ...Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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