Fashion Institute of Technology Foundation
The fit foundation provides scholarships, fundraising activities, program support and subsidies to the fashion institute of technology and its component units.
Key facts about Fashion Institute of Technology Foundation
In short: Fashion Institute of Technology Foundation gave $468K across 1 grant in 2025 (avg $468K), mostly in New York. Source: 2025 IRS Form 990.
- EIN
- 13-5675757
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $467,873
- Grants made (2025)
- 1
- Average grant
- $467,873
- Median grant
- $467,873
- Total assets
- $85,746,981
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$85.7M
+14.0% YoY
Annual Giving
$468K
-78.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$468K
-78.7% YoY
How Fashion Institute of Technology Foundation gives
- Giving grew 74% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Fashion Institute of Technology Foundation
Based on IRS filings
Fashion Institute of Technology Foundation is a public charity, based in New York, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $85.7M in total assets. In 2025, it awarded 1 grant totaling $468K. Net investment income was $4.4M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $80K (2023) to $2.2M (2024). In 2025 it made 1 grant totaling $468K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Fashion Institute of Technology ($468K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fashion Institute of Technology New York, NY | Departmental Support | $467,873 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $85,746,981 | $75,238,646 | $68,996,069 |
| Revenue | $9,446,809 | $7,222,532 | $5,252,372 |
| Expenses | $6,170,679 | $7,380,322 | $5,608,981 |
| Net Investment Income | $4,426,444 | $2,583,325 | $1,678,836 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 23, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 1, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 21, 2026)
- Updated Form 990 for fiscal year 2019 (received by the IRS January 16, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 3, 2021)
Leadership & Key People
Officers and directors from IRS filings
Fashion Institute of Technology Foundation is led by Joyce F. Brown, Chief Executive Officer on every filing since 2019; 7 of 45 officers listed in 2025 are compensated.
Officers on the 2025 filing
Joyce F. Brown
Chief Executive Officer
On filings since 2019
10 hrs/week
$45K (2019) → $45K (2025)
Philips McCarty
Executive Director
On filings since 2019
35 hrs/week
No compensation reported
Douglas Hand
Chair
Director → Chair, 2023
On filings since 2019
1 hr/week
No compensation reported
Arielle Dumornay
Director of Development
New on the 2025 filing
35 hrs/week
$140K (2025)
Claire Gilvar
Director & Corporate Engagement
New on the 2025 filing
35 hrs/week
$100K (2025)
Julie Sygiel
Director
New on the 2025 filing
35 hrs/week
$141K (2025)
Abbey Doneger
Director
On filings since 2019
1 hr/week
No compensation reported
Corey Moran
Director
On filings since 2019
1 hr/week
No compensation reported
Fern Mallis
Director
On filings since 2019
1 hr/week
No compensation reported
Fredric Dechnik
Director
On filings since 2019
1 hr/week
No compensation reported
Geoffrey Greenberg
Director
On filings since 2019
1 hr/week
No compensation reported
J. Michael Stanley
Director
On filings since 2019
1 hr/week
No compensation reported
Jane Hertzmark Hudis
Director
Director → Vice Chair, 2020
Vice Chair → Director, 2023
On filings since 2019
1 hr/week
No compensation reported
Laurence C. Leeds Jr.
Director
On filings since 2019
1 hr/week
No compensation reported
Morris Goldfarb
Director
On filings since 2019
1 hr/week
No compensation reported
Sam Haddad
Director
On filings since 2019
1 hr/week
No compensation reported
Amber Valletta
Director
On filings since 2020
1 hr/week
No compensation reported
Eric Fisch
Director
On filings since 2020
1 hr/week
No compensation reported
Dayna Isom Johnson
Director
On filings since 2021
1 hr/week
No compensation reported
Robert Fisch
Director
On filings since 2021
1 hr/week
No compensation reported
Maloni Goss
Director
On filings since 2022
1 hr/week
No compensation reported
Alex Montefalco
Director
On filings since 2023
1 hr/week
No compensation reported
David Casey
Director
On filings since 2023
1 hr/week
No compensation reported
Gigi Ganatra Duff
Director
On filings since 2023
1 hr/week
No compensation reported
Lisa Clyde
Director
On filings since 2023
1 hr/week
No compensation reported
Molly Taylor
Director
On filings since 2023
1 hr/week
No compensation reported
Tom Chu
Director
On filings since 2023
1 hr/week
No compensation reported
Adam Banfield
Director
On filings since 2024
1 hr/week
No compensation reported
Kamie Lightburn
Director
On filings since 2024
1 hr/week
No compensation reported
Madeline Gardner
Director
On filings since 2024
1 hr/week
No compensation reported
Robert Rizzolo
Director
On filings since 2024
1 hr/week
No compensation reported
Sarah Davis
Director
On filings since 2024
1 hr/week
No compensation reported
Trish Donnelly
Director
On filings since 2024
1 hr/week
No compensation reported
Gabriella Khalil
Director
New on the 2025 filing
1 hr/week
No compensation reported
Gwen Whiting
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jackee De Lagarde
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jenny Freshwater
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kara Gaffney Ross
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kareem Gayle
Director
New on the 2025 filing
1 hr/week
No compensation reported
Missy Pool
Director
New on the 2025 filing
1 hr/week
No compensation reported
Sabrina Dhowre Elba
Director
New on the 2025 filing
1 hr/week
No compensation reported
Sherry Brabham
Chief Financial Officer
On filings since 2020
5 hrs/week
$10K (2020) → $10K (2025)
Angela Prevosto
Database Administrator
New on the 2025 filing
35 hrs/week
$109K (2025)
Audrey Teuber
Assistant Manager of Advancement Oper.
New on the 2025 filing
35 hrs/week
$107K (2025)
Sarah Curtis Henry
Vice Chair
On filings since 2023
1 hr/week
No compensation reported
Former officers (29)
- Former: Bruce P. Rockowitz (2019–2024) — Director
- Former: Ivan Bart (2019–2024) — Director
- Former: Leslie Gifford (2020–2024) — Director · Filing note: Began 032020
- Former: Jamie Singleton (2022–2024) — Director
- Former: Allison Lee (2023–2024) — Director
- Former: Dulce Kontak (2023–2024) — Assistant to Vice President
- Former: Muge Erdirik Dogan (2023–2024) — Director
- Former: Gary Sheinbaum (2019–2023) — Chair
- Former: Amber Allen (2020–2023) — Director · Filing note: Began 032020
- Former: Rodney Hutton (2021–2023) — Director · Filing note: Began 082020
- Former: Melanie Copple (2022–2023) — Director of Strategic Phil
- Former: Sujatha Vempaty (2022–2023) — Director of Advancement
- Former: Elisabeth Manalio (2023) — Director of Alumni Relations
- Former: Nadja Swarovski (2019–2022) — Director
- Former: Roberto Ramos (2019–2022) — Director
- Former: Carmen Nestares (2020–2022) — Director · Filing note: Began 092019
- Former: Athanasios Nastos (2021–2022) — Director
- Former: Caroline Palmer (2019–2020) — Director
- Former: Elizabeth T. Peek (2019–2020) — Director · Filing note: Ended 062020
- Former: Jerry Vittoria (2019–2020) — Director · Filing note: Ended 062020
- Former: Jill Granoff (2019–2020) — Director · Filing note: Ended 062020
- Former: Tina Genovese-Cherna (2019–2020) — Director & Operations
- Former: Tom Nastos (2019–2020) — Director
- Former: Victoria Guranowski (2019–2020) — Director & Special Events
- Former: Diane D'erasmo (2019) — Director
- Former: Jay H. Baker (2019) — Director
- Former: Pamela Baxter (2019) — Director
- Former: Peter G. Scotese (2019) — Director
- Former: Robert Stock (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $141K, to Julie Sygiel (Director). 7 officers or directors reported compensation on that filing.
Frequently asked questions about Fashion Institute of Technology Foundation
How much does Fashion Institute of Technology Foundation give each year?
Fashion Institute of Technology Foundation gave $468K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.2M across 1 grant.
How large is Fashion Institute of Technology Foundation?
Fashion Institute of Technology Foundation reported $85.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $9.4M.
Where does Fashion Institute of Technology Foundation operate?
Fashion Institute of Technology Foundation has awarded grants in New York.
What is Fashion Institute of Technology Foundation's EIN?
Fashion Institute of Technology Foundation's EIN (Employer Identification Number) is 13-5675757. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Fashion Institute of Technology Foundation by hand.
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