Cygnus Management Foundation Inc

SYRACUSE, NY EIN: 22-2353455

Cygnus Management Foundation Inc is a private foundation, based in SYRACUSE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 17 grants totaling $92K. Net investment income was $114K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+1.8% YoY

Annual Giving

$92K

+153.7% YoY

Grant Count

+21.4% YoY

Avg Grant Size

$5K

+109.0% YoY

Under IRS private-foundation payout rules, Cygnus Management Foundation Inc reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.

About Cygnus Management Foundation Inc

Based on IRS filings

Ready to take the next step with Cygnus Management Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $225K (97%)

Illinois $4K (2%)

Kentucky $4K (2%)

States

Illinois Kentucky New York

Cities

ChicagoGouverneurLiverpoolLouisvilleManliusNorth SyracuseRochesterSyracuse

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,021,978	$1,003,616	$1,012,154
Revenue	$126,880	$46,286	$119,958
Expenses	$108,518	$54,824	$57,651
Qualifying Distributions	$95,632	$40,128	$43,442
Net Investment Income	$113,994	$33,590	$106,749
Distributable Amount	$62,823	$58,512	$58,093

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

69 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lemoyne College ($50,000), Samaritan Center ($4,000), Chabad House ($3,600).

Recipient	Purpose	Amount
ALZHEIMER'S ASSOCIATION CHICAGO, IL	GENERAL PURPOSES	$1,000
AMERICAN RED CROSS SYRACUSE, NY	GENERAL PURPOSES	$3,500
CHABAD HOUSE SYRACUSE, NY	GENERAL PURPOSES	$3,600
CROUSE HEALTH FOUNDATION SYRACUSE, NY	GENERAL PURPOSES	$2,000
FOUNDATION AT MENORAH PARK SYRACUSE, NY	GENERAL PURPOSES	$3,500
GOLISANO CHILDREN'S HOSPITAL OF SYRACUSE SYRACUSE, NY	GENERAL PURPOSES	$1,000
JEWISH COMMUNITY CENTER OF SYR SYRACUSE, NY	GENERAL PURPOSES	$2,500
LEMOYNE COLLEGE SYRACUSE, NY	CAPITAL IMPROVEMENTS	$50,000
LEMOYNE COLLEGE SYRACUSE, NY	GENERAL PURPOSES	$3,500
NASCENTIA HEALTH CHARITABLE FOUNDATION SYRACUSE, NY	GENERAL PURPOSES	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JAMES F POOLE JR	PRESIDENT, AS REQUIRED	1	—
DAVID PANASCI	VICE PRESIDENT, AS REQUIRE	1	—
WARREN D WOLFSON	SEC/TREASURER, AS REQUIRED	2	—

Frequently Asked Questions

How large is Cygnus Management Foundation Inc?

As of 2024, Cygnus Management Foundation Inc holds $1.0M in total assets with $127K in annual revenue. It awarded 17 grants totaling $92K in 2024.

Where does Cygnus Management Foundation Inc operate?

Cygnus Management Foundation Inc has awarded grants in Illinois, Kentucky, New York.

What size grants does Cygnus Management Foundation Inc award?

In 2024, Cygnus Management Foundation Inc awarded 17 grants totaling $92K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Cygnus Management Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cygnus Management Foundation Inc reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Cygnus Management Foundation Inc's EIN?

Cygnus Management Foundation Inc's EIN (Employer Identification Number) is 22-2353455. IRS Form 990 filing data is available on this page for 2020–2024.