Empowering Economic Growth Foundation

NEW YORK, NY EIN: 84-3970728

Empowering Economic Growth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $72.6M in total assets. In 2024, it awarded 5 grants totaling $365K. Net investment income was $657K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$72.6M

+1347.2% YoY

Annual Giving

$365K

Grant Count

Avg Grant Size

$73K

About Empowering Economic Growth Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Arizona $100K (100%)

States

Arizona

Cities

Mesa

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$72,623,318	$5,018,332	$3,266,959
Revenue	$68,629,110	$1,943,762	$1,037,349
Expenses	$1,036,180	$192,378	$144,552
Qualifying Distributions	$2,302,198	$158,875	$90,527
Net Investment Income	$656,594	$189,891	$379,547
Distributable Amount	—	—	$85,171

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Neat Microcredit ($150,000), Niyya Foods ($100,050), Legacy Global Programs ($100,000).

Recipient	Purpose	Amount
NEAT MICROCREDIT	ORGANIZATIONAL SUPPORT	$150,000
NIYYA FOODS	ORGANIZATIONAL SUPPORT	$100,050
HUMAN ANGLEASHOKA AFRICA	ORGANIZATIONAL SUPPORT	$10,000
LEGACY GLOBAL PROGRAMS MESA, AZ	FISCAL SPONSORSHIP FOR ACCELERATE AFRICA, THROUGH A CONTRIBUTION TO THE FOUNDATION FOR AFRICA'S FUTURE, MANAGED BY LOHAS.	$100,000
OLUMIDE GBADEBO	OPERATIONAL SUPPORT FOR ADUNNI ORGANICS, THE FIRST INDIGENOUS BEAUTY E-COMMERCE BRAND IN NIGERIA	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID DELUCIA	TRUSTEE	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Empowering Economic Growth Foundation?

Empowering Economic Growth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $72.6M in total assets as of 2024.

How large is Empowering Economic Growth Foundation?

As of 2024, Empowering Economic Growth Foundation holds $72.6M in total assets with $68.6M in annual revenue. It awarded 5 grants totaling $365K in 2024.

Where does Empowering Economic Growth Foundation operate?

Empowering Economic Growth Foundation has awarded grants in Arizona.

What size grants does Empowering Economic Growth Foundation award?

In 2024, Empowering Economic Growth Foundation awarded 5 grants totaling $365K — an average of about $73K per grant, based on its IRS Form 990 filings.

What is Empowering Economic Growth Foundation's EIN?

Empowering Economic Growth Foundation's EIN (Employer Identification Number) is 84-3970728. IRS Form 990 filing data is available on this page for 2020–2024.