Ebb Point Foundation- Blackrock
Ebb Point Foundation- Blackrock is a private grantmaking foundation established in 1999 in Maryland and currently based in Pennington, New Jersey. The foundation operates as a 501(c)(3) organization with tax-exempt status since August 2001. It is the family foundation of the Borsecnik-Weil family and maintains a connection to BlackRock.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.5M
+7.6% YoY
Revenue
$747K
-77.8% YoY
Qualifying Distributions
$23K
-92.5% YoY
Expenses
$89K
-74.8% YoY
Mission & Focus Areas
Since 2000, the Ebb Point Foundation has supported projects and organizations that improve human rights around the world, with particular emphasis on civil and economic rights. The foundation primarily makes unrestricted general grants to its grantees.
Grantmaking
The foundation makes grants across a range of sizes. Recent grant activity shows awards including:
Grant Range
of $5,000 and a grant range of $1,000 to $68,000. The foundation does not accept unsolicited applications and operates on an invite-only basis.
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Geographic Focus
Where this funder awards grants
The foundation funds projects across various U.S. cities and states, including Beverly Hills, Bronx, Brooklyn, Cambridge, and locations in Alabama, California, Colorado, Connecticut, and other states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024:
- Total Assets: $9,490,346
- Total Revenues: $747,017
- Total Expenses: $88,634
- Total Liabilities: $0
- Number of Employees: 0
Investment Performance (FY 2024 vs. FY 2023):
- Investment income and dividends: $249,892 (2024) vs. $162,819 (2023) — 53.5% increase
- Net gain from sale of non-inventory assets: $497,125 (2024) vs. $1,583,490 (2023) — 68.6% decrease
- Total grants and contributions: $0 (2024) vs. $1,625,000 (2023) — 100% decrease
Historical Giving (2023):
- Total Giving: $287,000
- Number of Grants: 24
- Giving Rate: 3.2% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,490,346 | $8,816,638 | $7,082,599 |
| Revenue | $747,017 | $3,371,309 | $647,549 |
| Expenses | $88,634 | $351,295 | $557,526 |
| Qualifying Distributions | $23,329 | $309,912 | $494,497 |
| Net Investment Income | $707,184 | $1,710,455 | $606,692 |
| Distributable Amount | $461,577 | $390,726 | $433,523 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
126 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
- Katherine Borsecnik - President
- Gene Weil (Eugene S. Weil) - Co Principal Officer/Director
Both serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHERINE BORSECNIK | DIRECTOR | 10 | — |
| EUGENE S WEIL | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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