Armand G Erpf Fund
The Armand G Erpf Fund is a private foundation established in 1951 and incorporated in 1954, based in Arkville, New York. The foundation was created by the late financier Armand G. Erpf (1897-1971), who was a senior partner at the investment firm Loeb, Rhoades & Co., which later became part of Shearson Lehman Brothers. Time magazine called Erpf "Wall Street's closest approximation of Renaissance man" in 1962. The foundation maintains a low profile with limited public transparency regarding its grantmaking priorities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.6M
+22.6% YoY
Annual Giving
$163K
+5.5% YoY
Grant Count
28
+16.7% YoY
Avg Grant Size
$6K
-9.6% YoY
Under IRS private-foundation payout rules, Armand G Erpf Fund reported a distributable amount of $376K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Armand G Erpf Fund supports a diverse range of philanthropic areas including:
- Arts and culture
- Performing arts
- Museums
- Education (elementary, secondary, and higher education)
- Environment and natural resources
- Human services
- Philanthropy and voluntarism
Grantmaking
Grant Range
$500–$50,000
Average Grant
Approximately $13,750
Review Cycle
**Recent Activity (2023):**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in New York State, with emphasis on the Catskill region. Funding also extends to select organizations in Connecticut, Delaware, Georgia, Hawaii, Massachusetts, Maryland, New Jersey, and Virginia. Specific cities receiving support include Albany, Brooklyn, and New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending November 2023:
- Total assets: $7.0–$8.6 million
- Total revenue: $322,328
- Total expenses: $344,738
- Investment income and dividends: $132,269
- Net gain from sale of non-inventory assets: $190,059
- Number of employees: 1
Contact Information:
- Primary address: 324 Erpf Rd, Arkville, NY 12406
- Alternate mailing address: Grant Administrator, Armand G. Erpf Fund, 640 Park Ave, New York, NY 10021
- Phone: (212) 535-6678
- The foundation does not maintain a website or email contact
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,603,980 | $7,015,072 | $6,768,121 |
| Revenue | $929,373 | $322,328 | $143,956 |
| Expenses | $357,588 | $344,738 | $415,759 |
| Qualifying Distributions | $330,109 | $323,748 | $408,516 |
| Net Investment Income | $909,977 | $315,112 | $136,713 |
| Distributable Amount | $375,648 | $333,276 | $356,277 |
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
154 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mustique Charitable Foundation ($20,000), The New School ($20,000), Catskill Center Conservation & Development ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMARYLLIS FARM EQUINE RESCUE AND SANCTUARY SOUTHAMPTON, NY | ENVIRONMENTAL | $5,000 |
| ARKVILLE VOLUNTEER FIRE DEPARTMENT ARKVILLE, NY | SOCIAL SERVICES | $5,000 |
| ASSOCIATION OF SMALL FOUNDATIONS WASHINGTON, DC | MEMBERSHIP | $1,660 |
| AUTISM SPEAKS PRINCETON, NJ | HUMANITARIAN | $2,500 |
| CATSKILL CENTER CONSERVATION & DEVELOPMENT ARKVILLE, NY | ENVIRONMENTAL | $15,000 |
| CATSKILL RECREATION CENTER ARKVILLE, NY | HUMANITARIAN | $5,000 |
| CFA INSTITUTE CHARLOTTESVILLE, VA | EDUCATIONAL | $799 |
| CHOATE ROSEMARY HALL WALLINGFORD, CT | EDUCATIONAL | $1,000 |
| COLUMBIA BUSINESS SCHOOL HERMES SOCIETY NEW YORK, NY | EDUCATIONAL | $1,000 |
| COLUMBIA UNIVERSITY NEW YORK, NY | EDUCATIONAL | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Armand B. Erpf – President and Trustee
- Cornelia Erpf Forsman – Executive Vice President and Trustee (granddaughter of founder)
- Jamie A. Halegoua – Treasurer
- Scott Soltas – Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARMAND B ERPF | PRESIDENT & TRUSTEE | 0.5 | — |
| CORNELIA ERPF FORSMAN | EXEC. VICE PRESIDENT & TRUSTEE | 0.5 | — |
| JAMIE A HALEGOUA | TREASURER | 0.5 | — |
| SCOTT SOLTAS | TRUSTEE | 0.5 | — |
Frequently Asked Questions
What does Armand G Erpf Fund fund?
The Armand G Erpf Fund supports a diverse range of philanthropic areas including: • Arts and culture • Performing arts • Museums • Education (elementary, secondary, and higher education) • Environment and natural resources • Human services • Philanthropy and voluntarism
How do I apply for a grant from Armand G Erpf Fund?
**Grant Characteristics:** • Typical grant range: $500–$50,000 • Average grant size: Approximately $13,750 • Most common grant amount: $1,000 • Application method: Accepts unsolicited proposals with no formal application form • Grant awards: Rolling basis throughout the year with no formal application deadlines **Recent Activity (2023):** • Total giving: $162,759–$330,000 annually • Number of grants: 24 grants in 2023 • Sample recent grants include: $25,000 to The Mustique Charitable Foundation…
Where does Armand G Erpf Fund make grants?
The foundation primarily supports organizations in New York State, with emphasis on the Catskill region. Funding also extends to select organizations in Connecticut, Delaware, Georgia, Hawaii, Massachusetts, Maryland, New Jersey, and Virginia. Specific cities receiving support include Albany, Brooklyn, and New York.
What size grants does Armand G Erpf Fund award?
In 2024, Armand G Erpf Fund awarded 28 grants totaling $163K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Armand G Erpf Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Armand G Erpf Fund reported a distributable amount of $376K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Armand G Erpf Fund's EIN?
Armand G Erpf Fund's EIN (Employer Identification Number) is 13-6085594. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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