Dreams R Us Foundation
Dreams R Us Foundation is a private foundation based in Shoreham, New York, established in December 1995. The foundation operates as a non-operating private foundation with a focus on philanthropic grantmaking to preselected charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.5M
+0.2% YoY
Annual Giving
$712K
-6.8% YoY
Grant Count
15
-21.1% YoY
Avg Grant Size
$47K
+18.1% YoY
Under IRS private-foundation payout rules, Dreams R Us Foundation reported a distributable amount of $756K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports initiatives in the following areas:
- Education
- Religion (with emphasis on Christianity and Catholicism)
- Human services
- Philanthropy and nonprofit support
Grantmaking
The foundation indicates it "only makes contributions to preselected charitable organizations," meaning unsolicited applications are not accepted. The foundation does not maintain a publicly listed website.
Grant Range
$27,000
Average Grant
amount: approximately $162,000 (based on total distributions)
How to Apply
**
Ready to take the next step with Dreams R Us Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New York
- New Jersey
- Pennsylvania
- Colorado
Specific cities where funding has been directed include Brentwood, Brooklyn, and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
| Metric | Amount |
|---|---|
| Total Assets | $15,541,873 |
| Total Distributions | $712,160 |
| Total Revenues | $1,079,253 |
| Total Expenses | $932,449 |
| Investment Income | $617,822 |
| Grants & Contributions Received | $45,945 |
Historical Context:
- The foundation has distributed between $764,000 and $1.7 million annually in recent years
- Highest grantmaking activity occurred in 2022 with $1.7 million distributed across 36 grants
- The foundation has supported 22 unique organizations over its history
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,541,873 | $15,505,233 | $16,222,211 |
| Revenue | $1,079,253 | $279,320 | $657,059 |
| Expenses | $932,449 | $965,167 | $1,059,516 |
| Qualifying Distributions | $712,160 | $763,916 | $835,640 |
| Net Investment Income | $907,727 | $609,958 | $559,769 |
| Distributable Amount | $756,178 | $702,054 | $745,976 |
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
86 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Covenant House of New York ($125,000), United Way of Long Island ($125,000), Musicopia ($115,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANCHOR HOUSE TRENTON, NJ | GENERAL CONTRIBUTION | $10,000 |
| CATHOLIC NEAR EAST WELFARE ASSOCIATION NEW YORK, NY | GENERAL CONTRIBUTION | $5,000 |
| COVENANT HOUSE OF NEW YORK NEW YORK, NY | GENERAL CONTRIBUTION | $125,000 |
| EMBRELLA PRINCETON, NJ | GENERAL CONTRIBUTION | $38,000 |
| FARMS FOR CITY KIDS FOUNDATION PORT WASHINGTON, NY | GENERAL CONTRIBUTION | $50,000 |
| LITTLE FLOWER CHILDREN AND FAMILY SERVICES BROOKLYN, NY | GENERAL CONTRIBUTION | $75,000 |
| MERCY CENTER MINISTRIES PATCHOGUE, NY | GENERAL CONTRIBUTION | $26,500 |
| MUSICOPIA PHILADELPHIA, PA | GENERAL CONTRIBUTION | $115,000 |
| OUR LADY OF THE HAMPTONS SOUTHAMPTON, NY | GENERAL CONTRIBUTION | $38,000 |
| THE BASILICA CHURCH OF THE SACRED HEART OF JESUS AND MARY SOUTHAMPTON, NY | GENERAL CONTRIBUTION | $25,700 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by three trustees:
- Meghan E. Pace – Trustee (2 hours/week, $29,000 annual compensation)
- Kerry A. Pace-McVeigh – Trustee (2 hours/week, $29,000 annual compensation)
- Alicia Pace Webb – Trustee (2 hours/week, $29,000 annual compensation)
The foundation is supported by the Estate of Benedict G. Pace and operates with limited paid staffing.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MEGHAN E PACE | TRUSTEE | 2 | $28,906 |
| KERRY A PACE-MCVEIGH | TRUSTEE | 2 | $28,906 |
| ALICIA PACE WEBB | TRUSTEE | 2 | $28,906 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Dreams R Us Foundation fund?
The foundation supports initiatives in the following areas: • Education • Religion (with emphasis on Christianity and Catholicism) • Human services • Philanthropy and nonprofit support
How do I apply for a grant from Dreams R Us Foundation?
**Grant Activity:** • The foundation made 15 grants in the most recent tax year (2024) • Median grant size: $27,000 • Grant range: $5,000 to $125,000 • Average grant amount: approximately $162,000 (based on total distributions) **Recent Notable Grants (2024):** • Covenant House New York: $125,000 • United Way of Long Island: $125,000 • Musicopia: $115,000 **Application Process:** The foundation indicates it "only makes contributions to preselected charitable organizations," meaning unsolicited …
Where does Dreams R Us Foundation make grants?
The foundation primarily funds organizations in: • New York • New Jersey • Pennsylvania • Colorado Specific cities where funding has been directed include Brentwood, Brooklyn, and New York.
What size grants does Dreams R Us Foundation award?
In 2024, Dreams R Us Foundation awarded 15 grants totaling $712K — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is Dreams R Us Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dreams R Us Foundation reported a distributable amount of $756K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dreams R Us Foundation's EIN?
Dreams R Us Foundation's EIN (Employer Identification Number) is 11-6458173. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Dreams R Us Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
Enterprise Holdings Foundation
SAINT LOUIS, MO
Assets
—
Grants
9,499
Total Given
$73.1M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
The Ferriday Fund-charitable Trust # 615
PITTSBURGH, PA
Assets
$9.9M
Grants
32
Total Given
$566K
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
The Community Foundation for Greater
ATLANTA, GA
Assets
$1.5B
Grants
1,414
Total Given
$152.3M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
American Express Foundation
NEW YORK, NY
Assets
$48.9M
Grants
1,495
Total Given
$23.2M
More Funders in New York
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.