Emerald Foundation Inc is a private foundation based in New York, NY, established in 1998. The foundation operates as a 501(c)(3) tax-exempt organization and focuses on philanthropic grantmaking across education, health care, and scientific research initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.3M
-4.1% YoY
Annual Giving
$1.5M
+10.5% YoY
Grant Count
31
+29.2% YoY
Avg Grant Size
$50K
-14.4% YoY
Under IRS private-foundation payout rules, Emerald Foundation Inc reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds research using tumor organoid and mouse models to investigate how the loss of claudin proteins affects tumor invasion and metastasis through innovative cell biology techniques. Beyond this core research focus, the foundation supports initiatives in:
- Education and higher education
- Health care and in-patient medical care
- Hospital care
- Diseases and conditions research
Grantmaking
The foundation awarded 24 grants in 2023, with an average grant size of approximately $162 based on available data.
Grant Range
of approximately $162 based on available data.
Average Grant
of approximately $162 based on available data.
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states and cities, including:
States: California, Florida, Kentucky, Massachusetts, Maryland, New York, Pennsylvania
Cities: Baltimore, Boston, Cambridge, Cocoa Beach, East Guelph, La Jolla, Lexington, Nantes, New York, Pasadena, Philadelphia, San Francisco, Santa Barbara
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $26,434,742
- Total revenue: $1,031,630
- Total expenses: $2,225,249
- Number of employees: 0
As of 2024:
- Total assets: $25,345,254
- Total giving: $1,547,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,345,254 | $26,434,742 | $27,714,621 |
| Revenue | $1,391,658 | $1,031,630 | $1,280,896 |
| Expenses | $2,515,231 | $2,225,249 | $2,078,782 |
| Qualifying Distributions | $2,012,075 | $1,797,516 | $1,644,987 |
| Net Investment Income | $893,502 | $619,879 | $873,660 |
| Distributable Amount | $1,430,960 | $1,379,008 | $1,482,159 |
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
99 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts Institute of Technolo ($87,500), University of Maryland Sch of Medic ($75,000), Massachusetts Institute of Technolo ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CALIFORNIA INSITUTE OF TECHNOLOGY PASADENA, CA | To develop interpretable machine learning methods that link spatial phenotypes in imaging data of solid tumors with patient outcomes. | $37,500 |
| JOHN HOPKINS UNIVERSITY BALTIMORE, MD | To use tumor organoid and mouse models to determine how loss of claudin proteins impacts tumor invasion and metastasis. | $37,500 |
| DANA-FARBER CANCER INSTITUTE BOSTON, MA | To map the transcriptional and protein changes induced by lactate and identify the mechanisms that cause NK suppression, on both NK and tumor cells, using high-throughput and unbiased approaches. | $50,000 |
| UNIVERSITY OF MARYLAND SCH OF MEDIC BALTIMORE, MD | TO INVESTIGATE THE REGULATION OF TREG LYMPHATIC TUMOR MIGRATION AND THE INTERACTION AMONG TREGS, LYMPHATIC ENDOTHELIAL CELLS, AND TUMORS TO DEVELOP STRATEGIES OF DELIVERING TARGETED THERAPIES LOCALLY INSTEAD OF SYSTEMICALLY. | $75,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLO CAMBRIDGE, MA | To enhance nanoparticle accumulation in desired cell types to develop more effective and safer targeted nanotherapies. | $75,000 |
| UNIVERSITY OF MARYLAND SCH OF MEDIC BALTIMORE, MD | To investigate the regulation of Treg lymphatic tumor migration and the interaction among Tregs, lymphatic endothelial cells, and tumors to develop strategies of delivering targeted therapies locally instead of systemically. | $75,000 |
| WEILL CORNELL MEDICINE NEW YORK, NY | To characterize exosomes from nave and tumor-educated platelets and determine their contribution to metastatic dormancy and recurrence. | $37,500 |
| FOX CHASE CANCER CENTER PHILADELPHIA, PA | To investigate the role of Brg1-dependent epigenetic regulation on PDAC fibroblast pro-tumorigenic functions. | $37,500 |
| WHITEHEAD INST FOR BIOMEDICAL RESEA CAMBRIDGE, MA | To uncover the set of cell-surface proteins that mediate essential interactions between PDAC cells and their microenvironment. | $50,000 |
| JOHN HOPKINS UNIVERSITY BALTIMORE, MD | To investigate how the colon microbiota and host genetics intersect to alter responsiveness to immunotherapy in colorectal cancer. | $50,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Andrew W. Heymann – President/Director
- James P. Mahaffey – Vice President
- William Blum – Treasurer
- Luca Cantelli – Director
- Erika Kellerhals – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES P MAHAFFEY | Vice President | 40 | $125,000 |
| ANDREW W HEYMANN | Pres/director | 8 | — |
| LUCA CANTELLI | Director | 0.5 | — |
| WILLIAM BLUM | Treasurer | 6 | — |
| ERIKA KELLERHALS | Director | 0.5 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been active in supporting cancer research and biomedical innovation, with recent grants focused on advancing understanding of tumor biology and developing novel therapeutic approaches through targeted research initiatives.
Rett Syndrome Research Trust Awards $1.1 Million to Emerald Innovations toSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Emerald Foundation Inc fund?
The foundation primarily funds research using tumor organoid and mouse models to investigate how the loss of claudin proteins affects tumor invasion and metastasis through innovative cell biology techniques. Beyond this core research focus, the foundation supports initiatives in: • Education and higher education • Health care and in-patient medical care • Hospital care • Diseases and conditions research
How do I apply for a grant from Emerald Foundation Inc?
**Grant Activity:** • Total giving: $1,547,500 (2024) • Typical award range: $5,000–$150,000 • Recent grants awarded include $100,000 to Dana-Farber Cancer Institute for research on transcriptional and protein changes induced by lactate and NK cell suppression, and $75,000 to Datma for nanoparticle accumulation research in targeted nanotherapies **Grant Volume:** The foundation awarded 24 grants in 2023, with an average grant size of approximately $162 based on available data.
Where does Emerald Foundation Inc make grants?
The foundation supports organizations across multiple states and cities, including: **States:** California, Florida, Kentucky, Massachusetts, Maryland, New York, Pennsylvania **Cities:** Baltimore, Boston, Cambridge, Cocoa Beach, East Guelph, La Jolla, Lexington, Nantes, New York, Pasadena, Philadelphia, San Francisco, Santa Barbara
What size grants does Emerald Foundation Inc award?
In 2024, Emerald Foundation Inc awarded 31 grants totaling $1.5M — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is Emerald Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Emerald Foundation Inc reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Emerald Foundation Inc's EIN?
Emerald Foundation Inc's EIN (Employer Identification Number) is 13-3912580. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Emerald Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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