CRI Foundation Inc is a private philanthropic foundation based in New York, NY (with offices in Boston, Massachusetts) that was established in 2021. The foundation operates as a 501(c)(3) organization and manages substantial assets to support charitable initiatives globally, with a particular emphasis on health and development economics research.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$136.1M
+0.4% YoY
Annual Giving
$10.1M
+269.9% YoY
Grant Count
27
+80.0% YoY
Avg Grant Size
$373K
+105.5% YoY
Mission & Focus Areas
The foundation operates two discrete programs:
CRI Health
- Provides grants to organizations working to improve health outcomes in Africa
- Focuses on long-term funding relationships with robust renewal processes
- Emphasizes evidence-based approaches, cost-effectiveness, and long-term partnerships with high-impact organizations
- Supports both early-stage organizations with high potential and established organizations with proven track records
The Weiss Fund for Research in Development Economics
- Supports academic research in development economics
- Provides funding to undergraduate and graduate students and junior researchers
The foundation emphasizes evidence-based approaches and is a member of Big Bang Philanthropy.
Grantmaking
Grant Range
$5,000 to $3.3 million
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation supports initiatives in Sub-Saharan Africa, with particular activity in locations including Kampala and London. Domestically, the foundation has funded projects in New York, San Francisco, and across multiple U.S. states including Arizona, California, Colorado, Georgia, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Tennessee, Nevada, and Washington.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $136.1 million
- Total revenue: $11.7 million
- Total expenses: $12.2 million
- Annual giving/distributions: $12.0 million
Assets & Revenue (2023):
- Total assets: $135 million
- Total revenue: $23.1 million
- Total expenses: $4.53 million
Expense Ratio: 19.7% of total revenue spent on programs
Tax Status: Tax-exempt since July 2021; EIN 84-4200329
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $136,094,918 | $135,488,203 | $116,339,630 |
| Revenue | $11,718,298 | $23,065,892 | $30,262,198 |
| Expenses | $12,171,009 | $4,534,830 | $5,509,352 |
| Qualifying Distributions | $16,889,079 | $4,692,560 | $5,684,515 |
| Net Investment Income | $9,390,712 | $1,330,435 | $4,929,613 |
| Distributable Amount | $11,410,234 | $9,773,545 | $8,166,296 |
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
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Andrew Weiss – Co-founder, Director (3 hours/week, unpaid)
- Bonnie Weiss – Co-founder, Director (20 hours/week, unpaid)
- Kara Weiss – Executive Director and Clerk/Program Director (40 hours/week, $224,000 annual compensation)
- Xiao Yu Wang – Chief Economist (40 hours/week, $225,000 annual compensation)
- Rashmi Menon – Senior Program Manager (40 hours/week, $150,000 annual compensation)
- Lucia Diaz-Martin – Senior Program Manager (40 hours/week, $149,000 annual compensation)
- Eduardo Betancourt – Program Manager (40 hours/week, $128,000 annual compensation)
- Elyssa Kotzen – Director of Operations (32 hours/week, $127,000 annual compensation)
The foundation is staffed with professionals across the United States and internationally.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW WEISS | DIRECTOR | 3 | — |
| BONNIE WEISS | DIRECTOR | 20 | — |
| KARA WEISS | EXECUTIVE DIRECTOR | 40 | $223,677 |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking with recent awards to organizations focused on health delivery and charitable work in Africa. The foundation maintains semi-annual reporting cycles with grantees and emphasizes long-term partnership development. Staff includes dedicated professionals in economics, program management, and operations roles.
CRI Foundation Inc - Grant Information & Application Details - HinchillaSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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