Cygnus Management Foundation Inc
Cygnus Management Foundation Inc is a private foundation based in Syracuse, New York. It reported 17 grants totaling $91,600 in 2024, including support for a college, community organizations, a public library, and health-related organizations.
Cygnus Management Foundation Inc at a glance
In short: Cygnus Management Foundation Inc gave $92K across 17 grants in 2024 (avg $5K), mostly in New York. 25% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $91,600
- +153.7% vs 2023
- Grants made (2024)
- 17
- +21.4% vs 2023
- Average grant
- $5,388
- +109.0% vs 2023
- Median grant
- $3,000
- Total assets
- $1,021,978
- +1.8% vs 2023
- New grantees (estimate)
- 25% first-time grantees (4 of 16, 2024; small sample)
- Primary geography
- New York (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Cygnus Management Foundation Inc
- How to Apply
-
The 2024 filing says to submit a written request stating the purpose of the donation and include financial statements. It lists no restrictions on awards.
- Review Cycle
- None listed.
- Deadline
- None listed.
- Contact
Application contact: Warren D Wolfson Esq
Mailing address: 100 E Washington St Suite 206, Syracuse, NY 13202
Phone: (315) 478-8877
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cygnus Management Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Lemoyne College ($54K across 2 grants). Together the top 10 received $83K.
Grant Size Distribution
69 grants across all recorded years
The most common grant size was under $50K: 68 grants of 69 (99%).
Geographic Focus
Where this funder awards grants
In 2024, 99% of grant dollars went to recipients in New York and 1% to recipients in Illinois. The listed major recipients are primarily in Syracuse, New York.
Grant Distribution by State
Share of 2024 grant dollars across all 17 itemized grants.
Cities
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. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. 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 grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $34K (2021) to $92K (2024). In 2024 it made 17 grants totaling $92K.
Grants by year
Grant recipients and amounts by year
| 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 |
Ready to take the next step with Cygnus Management Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,021,978 | $126,880 | $108,518 | $91,600 | 17 | $95,632 | $113,994 | $62,823 |
| 2023 | $1,003,616 | $46,286 | $54,824 | $36,100 | 14 | $40,128 | $33,590 | $58,512 |
| 2022 | $1,012,154 | $119,958 | $57,651 | $36,100 | 13 | $43,442 | $106,749 | $58,093 |
| 2021 | $949,847 | $144,531 | $53,097 | $33,500 | 13 | $37,175 | $129,609 | $67,185 |
| 2020 | $858,413 | $121,957 | $46,809 | $35,000 | 12 | — | $111,430 | $54,351 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied purposes. For example, Samaritan Center describes its mission as coordinating volunteers to serve food to people in need and educating the public about the needs of Syracuse residents who are poor and hungry. Onondaga County Public Library says it works to assure, expand, and improve library service and provide library materials and information services to county residents. Crouse Health Foundation says its mission is to support Crouse Hospital in providing patient care and promoting community health.
Grantmaking
In 2024, the foundation made 17 grants totaling $91,600. Grants ranged from $1,000 to $50,000, with a median grant of $3,000. The largest award was $50,000 to Le Moyne College for capital improvements. Other notable grants included $4,000 to Samaritan Center and $3,500 each to Onondaga County Public Library and St. Joseph’s Hospital Foundation, all for general purposes. Syracuse University received $3,000 for general purposes, and Crouse Health Foundation received $2,000 for general purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists James F. Poole Jr. as president, David Panasci as vice president, and Warren D. Wolfson as secretary/treasurer.
Cygnus Management Foundation Inc is led by James F. Poole Jr., President & As Required on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
James F. Poole Jr.
President & As Required
On filings since 2020
1 hr/week
No compensation reported
David Panasci
Vice President & As Require
On filings since 2020
1 hr/week
No compensation reported
Warren D. Wolfson
Secretary, Treasurer & As Required
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Cygnus Management Foundation Inc
How much does Cygnus Management Foundation Inc give each year?
Cygnus Management Foundation Inc gave $92K across 17 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $36K across 14 grants.
What is Cygnus Management Foundation Inc's typical grant size?
Cygnus Management Foundation Inc's median grant in 2024 was $3,000, and its average grant was $5,388, across 17 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Cygnus Management Foundation Inc that year got $2K on average.
Where does Cygnus Management Foundation Inc give grants?
Cygnus Management Foundation Inc gives mostly in New York: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Syracuse, NY (14 grants) and Manlius, NY (2 grants).
Does Cygnus Management Foundation Inc give general operating support?
Yes: 94% of Cygnus Management Foundation Inc's 2024 grants with a stated purpose (16 of 17) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Cygnus Management Foundation Inc's largest grantees?
Cygnus Management Foundation Inc's largest 2024 grantees include Lemoyne College ($53,500 across 2 grants), Samaritan Center ($4,000) and Chabad House ($3,600), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.
How large is Cygnus Management Foundation Inc?
Cygnus Management Foundation Inc reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $96K in qualifying distributions that year, against a required minimum of $63K (roughly 5% of its investment assets).
What does Cygnus Management Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied purposes. See mission & focus areas ↑
How do I apply for a grant from Cygnus Management Foundation Inc?
The 2024 filing says to submit a written request stating the purpose of the donation and include financial statements. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Cygnus Management Foundation Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/cygnus-management-foundation-inc-morg_91d956f2e55c4acf8779799c480333f6
BibTeX
@misc{grantable_222353455_2026,
author = {{Grantable}},
title = {{Cygnus Management Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/cygnus-management-foundation-inc-morg_91d956f2e55c4acf8779799c480333f6},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Cygnus Management Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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