Cygnus Management Foundation Inc
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.
Key facts about Cygnus Management Foundation Inc
- EIN
- 22-2353455
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $91,600
- Grants made (2024)
- 17
- Average grant
- $5,388
- Median grant
- $3,000
- New grantees (estimate)
- 25% first-time grantees (4 of 16, 2024)
- Total assets
- $1,021,978
- Primary geography
- New York (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Cygnus Management Foundation Inc funds
By grant dollars, the top recipient states for Cygnus Management Foundation Inc's 17 itemized 2024 grants were New York (99%). The most frequent recipient cities were Syracuse, NY (14 grants) and Manlius, NY (2 grants). 94% of grants with a stated purpose were for general or operating support.
Is Cygnus Management Foundation Inc open to new grantees?
25%
first-time grantees, 2024
In 2024, 4 of 16 grantees (25%) were first-time recipients. First grants averaged $2K; repeat grants $7K. How we count
Medians: $2K first-time, $4K repeat.
- 75% of 2024 grantees were also funded in 2023. Method
- Giving grew 173% from 2021 to 2024. Method
- In 2024 it paid out 152% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Cygnus Management Foundation Inc
- How to evaluate Cygnus Management Foundation Inc as a funder
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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
17
+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
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.
Ready to take the next step with Cygnus Management Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 17 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Lemoyne College ($53,500 across 2 grants), Samaritan Center ($4,000), Chabad House ($3,600).
| Recipient | Purpose | Amount |
|---|---|---|
| LEMOYNE COLLEGE Syracuse, NY | CAPITAL IMPROVEMENTS | $50,000 |
| SAMARITAN CENTER Syracuse, NY | GENERAL PURPOSES | $4,000 |
| CHABAD HOUSE Syracuse, NY | GENERAL PURPOSES | $3,600 |
| AMERICAN RED CROSS Syracuse, NY | GENERAL PURPOSES | $3,500 |
| FOUNDATION AT MENORAH PARK Syracuse, NY | GENERAL PURPOSES | $3,500 |
| LEMOYNE COLLEGE Syracuse, NY | GENERAL PURPOSES | $3,500 |
| ONONDAGA COUNTY PUBLIC LIBRARY Syracuse, NY | GENERAL PURPOSES | $3,500 |
| ST JOSEPH'S HOSPITAL FOUNDATION Syracuse, NY | GENERAL PURPOSES | $3,500 |
| SYRACUSE UNIVERSITY Syracuse, NY | GENERAL PURPOSES | $3,000 |
| JEWISH COMMUNITY CENTER OF SYR Syracuse, NY | GENERAL PURPOSES | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.