Falcon Foundation Inc
Falcon Foundation Inc is a private foundation based in Wyckoff, New Jersey. Its website describes a scholarship program intended to help motivated young people prepare for admission to the U.S. Air Force Academy and pursue Air Force or Space Force careers; its 2024 filing also reports grants to charitable organizations.
Falcon Foundation Inc at a glance
In short: Falcon Foundation Inc gave $150K across 4 grants in 2024 (avg $38K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $150,000
- -85.9% vs 2023
- Grants made (2024)
- 4
- -69.2% vs 2023
- Average grant
- $37,500
- -54.1% vs 2023
- Median grant
- $22,500
- Total assets
- $1,822,052
- -5.7% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Falcon Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 400 West Main Street, Wyckoff, NJ 07481
Phone: (201) 847-9014
Website: https://falconfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Falcon Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was PEN AMERICAN CENTER inc ($100K). Together the top 4 received $150K.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 47 grants of 74 (64%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Falcon Foundation Inc gives
- Giving fell 90% from 2021 to 2024. Method
- In 2024 it paid out 164% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $150K (2024) to $1.9M (2022). In 2024 it made 4 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| PEN AMERICAN CENTER inc New York, NY | To support human rights | $100,000 |
| Icaad Chappaqua, NY | General Support | $25,000 |
| Forum on Life Culture & Society New York, NY | General Support | $20,000 |
| Natural Areas Conservancy New York, NY | general support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,822,052 | $-112,342 | $161,603 | $150,000 | 4 | $155,965 | — | $95,328 |
| 2023 | $1,932,507 | $-3,296 | $1,082,577 | $1,061,500 | 13 | $1,072,173 | — | $117,565 |
| 2022 | $3,100,025 | $444,856 | $2,087,512 | $1,909,782 | 19 | $1,910,020 | $280,689 | $200,742 |
| 2021 | $5,773,276 | $735,095 | $1,650,330 | $1,430,641 | 17 | $1,430,821 | $526,767 | $280,204 |
| 2020 | $6,326,931 | $900,576 | $1,931,685 | $1,713,251 | 21 | — | $371,877 | $260,483 |
Under IRS private-foundation payout rules, Falcon Foundation Inc reported a distributable amount of $95K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated mission is to expand opportunities for exceptional, highly motivated young people to attend the U.S. Air Force Academy through scholarships at junior colleges and preparatory schools, supporting their pursuit of careers in the Air Force and Space Force.
Its 2024 grants included support for organizations with varied missions. PEN American Center describes its work as defending free expression, advancing literature, and fostering international literary fellowship. Forum on Life Culture & Society says it provides a public forum for discussion of culture, society, politics, justice, ethics, and the arts. Natural Areas Conservancy describes work to strengthen urban natural areas through research, partnerships, and advocacy. The filing also lists general support for ICAAD.
Grantmaking
In 2024, the foundation reported four grants totaling $150,000. Grant amounts ranged from $5,000 to $100,000, with a median of $22,500. The largest grants were $100,000 to PEN American Center for human-rights support, $25,000 to ICAAD for general support, $20,000 to Forum on Life Culture & Society for general support, and $5,000 to Natural Areas Conservancy for general support.
The foundation’s website describes a separate scholarship program: annual cash grants to several schools, with the number of scholarships set by the USAFA Admissions Office at up to 100. The website says scholarship awards cover a portion of room, board, and tuition; recipients are responsible for other listed expenses.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists James Leitner as Trustee, Chairman & President and Janice Brennan as Trustee, Secretary & Treasurer.
Falcon Foundation Inc is led by James Leitner, Trustee, Chairman & President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
James Leitner
Trustee, Chairman & President
On filings since 2020
1 hr/week
No compensation reported
Janice Brennan
Trustee, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Walter Leitner (2020) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Falcon Foundation Inc
How much does Falcon Foundation Inc give each year?
Falcon Foundation Inc gave $150K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 13 grants.
What is Falcon Foundation Inc's typical grant size?
Falcon Foundation Inc's median grant in 2024 was $22,500, and its average grant was $37,500, across 4 grants on its 2024 IRS Form 990-PF.
Where does Falcon Foundation Inc give grants?
Falcon Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (3 grants).
Does Falcon Foundation Inc give general operating support?
Yes: 75% of Falcon Foundation Inc's 2024 grants with a stated purpose (3 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Falcon Foundation Inc?
Falcon Foundation Inc reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $156K in qualifying distributions that year, against a required minimum of $95K (roughly 5% of its investment assets).
What does Falcon Foundation Inc fund?
The foundation’s stated mission is to expand opportunities for exceptional, highly motivated young people to attend the U.S. Air Force Academy through scholarships at junior colleges and preparatory schools, supporting their pursuit of careers in the Air Force and Space Force. See mission & focus areas ↑
How do I apply for a grant from Falcon Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Falcon Foundation Inc's EIN?
Falcon Foundation Inc's EIN (Employer Identification Number) is 27-1262865. IRS Form 990 filing data is available on this page for 2020–2024.
Does Falcon Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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