Belt Foundation Inc
Belt Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.3M in total assets. In 2025, it awarded 2 grants totaling $189K. Net investment income was $52K.
Belt Foundation Inc at a glance
In short: Belt Foundation Inc gave $189K across 2 grants in 2025 (avg $95K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $189,205
- +89.2% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $94,603
- +89.2% vs 2024
- Median grant
- $94,603
- Total assets
- $1,271,811
- -1.2% vs 2024
- Primary geography
- Massachusetts (69% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Belt Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Woods Hole Oceanographic Institution ($130K). Together the top 2 received $189K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 6 grants of 9 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Belt Foundation Inc gives
- Giving grew 170% from 2022 to 2025. Method
- In 2025 it paid out 307% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $35K (2023) to $189K (2025). In 2025 it made 2 grants totaling $189K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Woods Hole Oceanographic Institution Woods Hole, MA | GE | $130,000 |
| Union Club Conservancy New York, NY | General Operating Purposes | $59,205 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,271,811 | $56,942 | $197,685 | $189,205 | 2 | $190,986 | $52,200 | $62,208 |
| 2024 | $1,286,954 | $73,222 | $108,064 | $100,000 | 2 | $100,000 | $65,158 | $63,319 |
| 2023 | $1,331,433 | $174,568 | $43,953 | $35,000 | 3 | $35,000 | $203,079 | $59,062 |
| 2022 | $1,309,637 | $1,362,287 | $95,810 | $70,000 | 2 | $72,377 | $1,361,308 | $64,034 |
| 2021 | $36,000 | $36,000 | — | — | — | — | — | $18,108 |
Under IRS private-foundation payout rules, Belt Foundation Inc reported a distributable amount of $62K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Belt Foundation Inc is led by Joseph C. Hoopes Jr., President on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joseph C. Hoopes Jr.
President
On filings since 2021
1 hr/week
No compensation reported
Elliott B. Hoopes
Director
On filings since 2021
1 hr/week
No compensation reported
Joseph C. Hoopes III
Director
On filings since 2021
1 hr/week
No compensation reported
Lesley Hoopes
Director
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Belt Foundation Inc
How much does Belt Foundation Inc give each year?
Belt Foundation Inc gave $189K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 2 grants.
How large is Belt Foundation Inc?
Belt Foundation Inc reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $191K in qualifying distributions that year, against a required minimum of $62K (roughly 5% of its investment assets).
Where does Belt Foundation Inc operate?
Belt Foundation Inc has awarded grants in Connecticut, Delaware, Hawaii, Massachusetts, New York.
What is Belt Foundation Inc's EIN?
Belt Foundation Inc's EIN (Employer Identification Number) is 87-1241845. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2021 (received by the IRS August 11, 2022)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work Belt Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Belt Foundation Inc's focus areas in our free grants database
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