Challenger Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARDEN CITY, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $24.1M in total assets. In 2025, it awarded 10 grants totaling $1.5M. Net investment income was $2.1M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$24.1M
+4.6% YoY
Annual Giving
$1.5M
+794.0% YoY
Grant Count
10
+150.0% YoY
Avg Grant Size
$148K
+257.6% YoY
Under IRS private-foundation payout rules, Challenger Foundation reported a distributable amount of $1.7M for 2025 — the minimum it must pay out in qualifying distributions.
About Challenger Foundation
Based on IRS filings
Challenger Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARDEN CITY, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $24.1M in total assets. In 2025, it awarded 10 grants totaling $1.5M. Net investment income was $2.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $24,145,896 | $23,094,995 | $22,178,656 |
| Revenue | $2,209,695 | $1,168,767 | $3,310,482 |
| Expenses | $1,612,750 | $252,428 | $3,388,006 |
| Qualifying Distributions | $1,502,250 | $176,283 | $3,316,684 |
| Net Investment Income | $2,104,853 | $1,107,622 | $970,327 |
| Distributable Amount | $1,654,820 | $1,525,628 | $1,382,434 |
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 2025
Grant Size Distribution
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include University of Michigan ($500,096), Cristo Rey Network ($300,000), The Episcopal Academy ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Episcopal Academy Newtown Square, PA | GENERAL | $250,000 |
| Bucks County Dragon Boat Association Upr Makefield, PA | General | $50,000 |
| Travis Manion Foundation Doylestown, PA | General | $50,000 |
| Hebrew Seniorlife Inc Boston, MA | General | $50,000 |
| Brookings Institution Washington, DC | General | $75,000 |
| Fordham University Bronx, NY | General | $100,000 |
| Horizons Greater Philadelphia Inc Wayne, PA | General | $50,000 |
| Cristo Rey Network Chicago, IL | General | $300,000 |
| Catholic Schools Foundation Inc Boston, MA | General | $50,000 |
| University of Michigan ANN ARBOR, MI | General | $500,096 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHY E MINEHAN | TRUSTEE | 1 | — |
| ELIZABETH A CORRIGAN | TRUSTEE | 1 | — |
| KAREN B TATE | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Challenger Foundation?
Challenger Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARDEN CITY, NY. It holds $24.1M in total assets as of 2025.
How large is Challenger Foundation?
As of 2025, Challenger Foundation holds $24.1M in total assets with $2.2M in annual revenue. It awarded 10 grants totaling $1.5M in 2025.
Where does Challenger Foundation operate?
Challenger Foundation has awarded grants in California, District of Columbia, Illinois, Massachusetts, Michigan, New York, Pennsylvania, Rhode Island.
What size grants does Challenger Foundation award?
In 2025, Challenger Foundation awarded 10 grants totaling $1.5M — an average of about $148K per grant, based on its IRS Form 990 filings.
How much is Challenger Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Challenger Foundation reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Challenger Foundation's EIN?
Challenger Foundation's EIN (Employer Identification Number) is 13-7109402. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Challenger 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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