Benzak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RYE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. In 2024, it awarded 11 grants totaling $300K. Net investment income was $311K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.8M
+11.5% YoY
Annual Giving
$300K
+0.0% YoY
Grant Count
11
-15.4% YoY
Avg Grant Size
$27K
+18.2% YoY
Under IRS private-foundation payout rules, Benzak Foundation reported a distributable amount of $360K for 2024 — the minimum it must pay out in qualifying distributions.
About Benzak Foundation
Based on IRS filings
Benzak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RYE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.8M in total assets. In 2024, it awarded 11 grants totaling $300K. Net investment income was $311K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,752,831 | $6,952,382 | $5,639,380 |
| Revenue | $703,800 | $697,337 | $437,106 |
| Expenses | $379,794 | $360,508 | $374,392 |
| Qualifying Distributions | $306,599 | $306,307 | $306,147 |
| Net Investment Income | $311,320 | $293,836 | $60,093 |
| Distributable Amount | $360,170 | $296,071 | $284,963 |
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
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pennsylvania State University Libraries ($75,000), Children of Fallen Patriots Foundation ($50,000), Aquidneck Land Trust ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AQUIDNECK LAND TRUST MIDDLETOWN, RI | TO FURTHER DONEE'S EXEMPT PURPOSE | $30,000 |
| CHILDREN OF FALLEN PATRIOTS FOUNDATION RESTON, VA | TO FURTHER DONEE'S EXEMPT PURPOSE | $50,000 |
| FRIENDS OF NEWPORT SKATEPARK NEWPORT, RI | TO FURTHER DONEE'S EXEMPT PURPOSE | $20,000 |
| ISLAND TRAILS NETWORK KODIAK, AK | TO FURTHER DONEE'S EXEMPT PURPOSE | $25,000 |
| LAKE TAHOE SCHOOL INCLINE VILLAGE, NV | TO FURTHER DONEE'S EXEMPT PURPOSE | $15,000 |
| PENNSYLVANIA STATE UNIVERSITY LIBRARIES UNIVERSITY PARK, PA | DEAN'S DISCRETIONARY FUND | $75,000 |
| TABOR ACADEMY MARION, MA | TO FURTHER DONEE'S EXEMPT PURPOSE | $20,000 |
| TAHOE FUND TAHOE CITY, CA | TO FURTHER DONEE'S EXEMPT PURPOSE | $30,000 |
| TAHOE RIM TRAIL ASSOCIATION STATELINE, NV | TO FURTHER DONEE'S EXEMPT PURPOSE | $5,000 |
| THE SAILING MUSEUM NEWPORT, RI | TO FURTHER DONEE'S EXEMPT PURPOSE | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROLINE A BENZAK HIGGINBOTHAM | PRESIDENT, DIRECTOR | 0.25 | — |
| CHRISTOPHER L BENZAK | VP AND TREASURER, DIRECTOR | 0.25 | — |
| JEFFREY J BENZAK | VP AND SECRETARY, DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Benzak Foundation?
Benzak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RYE, NY. It holds $7.8M in total assets as of 2024.
How large is Benzak Foundation?
As of 2024, Benzak Foundation holds $7.8M in total assets with $704K in annual revenue. It awarded 11 grants totaling $300K in 2024.
Where does Benzak Foundation operate?
Benzak Foundation has awarded grants in Alaska, California, Connecticut, Idaho, Massachusetts, Maryland, Nevada, New York, Pennsylvania, Rhode Island, Texas, Virginia.
What size grants does Benzak Foundation award?
In 2024, Benzak Foundation awarded 11 grants totaling $300K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is Benzak Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Benzak Foundation reported a distributable amount of $360K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Benzak Foundation's EIN?
Benzak Foundation's EIN (Employer Identification Number) is 20-3872608. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Benzak Foundation'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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