Edward T Cone Foundation
The Edward T Cone Foundation is a private non-operating foundation established in March 1993 and based in New York, NY. The foundation is structured as a trust with Harris T Randolph serving as trustee. It operates as a 501(c)(3) charitable organization with tax-deductible donation status.
Key facts about Edward T Cone Foundation
- EIN
- 13-3646357
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $968,000
- Grants made (2024)
- 29
- Average grant
- $33,379
- Median grant
- $5,000
- New grantees (estimate)
- 14% first-time grantees (4 of 29, 2024)
- Total assets
- $11,571,396
- Primary geography
- New Jersey (58% 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 Edward T Cone Foundation funds
By grant dollars, the top recipient states for Edward T Cone Foundation's 29 itemized 2024 grants were New Jersey (58%), District of Columbia (21%) and New York (20%). The most frequent recipient cities were New York, NY (11 grants), Princeton, NJ (8 grants), Washington, DC (2 grants) and Trenton, NJ (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Edward T Cone Foundation open to new grantees?
14%
first-time grantees, 2024
In 2024, 4 of 29 grantees (14%) were first-time recipients. First grants averaged $53K; repeat grants $30K. How we count
Medians: $4K first-time, $5K repeat.
- 79% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2022–2024). 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 Edward T Cone Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.6M
-5.7% YoY
Annual Giving
$968K
-1.7% YoY
Grant Count
29
-3.3% YoY
Avg Grant Size
$33K
+1.7% YoY
Under IRS private-foundation payout rules, Edward T Cone Foundation reported a distributable amount of $900K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary activities include supplying money, goods, or services to the poor and making gifts, grants, or loans to other organizations. The foundation demonstrates a particular commitment to supporting music and the arts, with notable focus on orchestral organizations and composition education.
Grantmaking
The Edward T Cone Foundation is an active grantmaker. In fiscal year 2023, the foundation made 26 grants totaling approximately $1.12 million in expenses.
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Geographic Focus
Where this funder awards grants
The foundation supports organizations primarily in the northeastern United States, with particular activity in New York and New Jersey.
Grant Distribution by State
Share of all 29 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $12,275,407
- Total Revenues: $284,154
- Total Expenses: $1,172,835
- Total Liabilities: $0
The foundation received a grant of $3,000 from the David Bryant JR Foundation in 2023 for charitable hardship purposes.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,571,396 | $12,275,407 | $11,870,569 |
| Revenue | $385,239 | $284,154 | $211,930 |
| Expenses | $1,407,938 | $1,172,835 | $1,245,180 |
| Qualifying Distributions | $1,073,914 | $1,078,917 | $1,118,090 |
| Net Investment Income | $393,932 | $528,470 | $313,484 |
| Distributable Amount | $900,021 | $773,401 | $701,634 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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
87 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Princeton Symphony Orchestra ($250,000), Salzburg Global Seminar ($200,000), New Jersey Symphony ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Princeton Symphony Orchestra Princeton, NJ | Operating Expenses | $250,000 |
| Salzburg Global Seminar Washington, DC | Operating Expenses | $200,000 |
| New Jersey Symphony Newark, NJ | Operating Expenses | $200,000 |
| The New Group New York, NY | Operating Expenses | $120,000 |
| Shakespeare Theatre of New Jersey Florham Park, NJ | Operating Expenses | $60,000 |
| Bogliasco Foundation New York, NY | Operating Expenses | $20,000 |
| The Wooster Group New York, NY | Operating Expenses | $20,000 |
| Ebb & Flow Arts Kula, HI | Operating Expenses | $10,000 |
| McCarter Theatre Princeton, NJ | Operating Expenses | $10,000 |
| Young Audiences New Jersey Princeton, NJ | Operating Expenses | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Harris T Randolph serves as trustee of the foundation. The foundation's administrative address is McLaughlin Stern, 260 Madison Ave Ste, New York, NY 10016.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| T Randolph Harris | Trustee | 1 | $110,332 |
| Barbara a Sloan | Trustee | 1 | $110,382 |
Recent News & Activity
Recent developments and announcements
The Edward T. Cone Composition Institute continues to be an active program, with the New Jersey Symphony Orchestra announcing composers selected for the 2024 institute and opening applications for the 2025 institute.
Applications Are Now Open For The 2025 Edward T. Cone Composition InstituteSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Edward T Cone Foundation fund?
The foundation's primary activities include supplying money, goods, or services to the poor and making gifts, grants, or loans to other organizations. The foundation demonstrates a particular commitment to supporting music and the arts, with notable focus on orchestral organizations and composition education.
How do I apply for a grant from Edward T Cone Foundation?
The Edward T Cone Foundation is an active grantmaker. In fiscal year 2023, the foundation made 26 grants totaling approximately $1.12 million in expenses. **Recent grants include:** • Princeton Symphony Orchestra: $360,000 (Operating Expenses, 2023) • Salzburg Global Seminar: $200,000 (Operating Expenses, 2023) • New Jersey Symphony Orchestra (NJSO): $200,000 (Operating Expenses, 2023) The foundation also supports the Edward T. Cone Composition Institute, administered through the New Jersey Sym…
Where does Edward T Cone Foundation make grants?
The foundation supports organizations primarily in the northeastern United States, with particular activity in New York and New Jersey.
What size grants does Edward T Cone Foundation award?
In 2024, Edward T Cone Foundation awarded 29 grants totaling $968K — an average of about $33K per grant, based on its IRS Form 990 filings.
How much is Edward T Cone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward T Cone Foundation reported a distributable amount of $900K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Edward T Cone Foundation's EIN?
Edward T Cone Foundation's EIN (Employer Identification Number) is 13-3646357. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.