Fashion Institute of Technology
THE FIT FOUNDATION PROVIDES SCHOLARSHIPS, FUNDRAISING ACTIVITIES, PROGRAM SUPPORT AND SUBSIDIES TO THE FASHION INSTITUTE OF TECHNOLOGY AND ITS COMPONENT UNITS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$75.2M
+9.0% YoY
Revenue
$7.2M
+37.5% YoY
Net Investment Income
$2.6M
+53.9% YoY
Expenses
$7.4M
+31.6% YoY
About Fashion Institute of Technology
Based on IRS filings
Fashion Institute of Technology is a nonprofit organization, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $75.2M in total assets. Net investment income was $2.6M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $75,238,646 | $68,996,069 | $66,238,372 |
| Revenue | $7,222,532 | $5,252,372 | $11,865,196 |
| Expenses | $7,380,322 | $5,608,981 | $3,861,294 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,583,325 | $1,678,836 | $3,062,603 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DOUGLAS HAND | CHAIR | 1 | — |
| SARAH CURTIS HENRY | VICE CHAIR | 1 | — |
| IVAN BART | DIRECTOR (END 10/23) | 1 | — |
| ADAM BANFIELD | DIRECTOR (START 09/23) | 1 | — |
| DAVID CASEY | DIRECTOR | 1 | — |
| TOM CHU | DIRECTOR | 1 | — |
| LISA CLYDE | DIRECTOR | 1 | — |
| SARAH DAVIS | DIRECTOR (START 09/23) | 1 | — |
| FREDRIC DECHNIK | DIRECTOR | 1 | — |
| TRISH DONNELLY | DIRECTOR (START 12/23) | 1 | — |
| ABBEY DONEGER | DIRECTOR | 1 | — |
| MUGE ERDIRIK DOGAN | DIRECTOR (END 11/23) | 1 | — |
| SAM HADDAD | DIRECTOR | 1 | — |
| JANE HERTZMARK HUDIS | DIRECTOR | 1 | — |
| ERIC FISCH | DIRECTOR | 1 | — |
| ROBERT FISCH | DIRECTOR | 1 | — |
| LESLIE GIFFORD | DIRECTOR (END 08/23) | 1 | — |
| MORRIS GOLDFARB | DIRECTOR | 1 | — |
| MALONI GOSS | DIRECTOR | 1 | — |
| GEOFFREY GREENBERG | DIRECTOR | 1 | — |
| MADELINE GARDNER | DIRECTOR (START 09/23) | 1 | — |
| GIGI GANATRA DUFF | DIRECTOR | 1 | — |
| DAYNA ISOM JOHNSON | DIRECTOR | 1 | — |
| ALLISON LEE | DIRECTOR (END 12/23) | 1 | — |
| LAURENCE C LEEDS JR | DIRECTOR | 1 | — |
| KAMIE LIGHTBURN | DIRECTOR (START 12/23) | 1 | — |
| FERN MALLIS | DIRECTOR | 1 | — |
| ALEX MONTEFALCO | DIRECTOR | 1 | — |
| COREY MORAN | DIRECTOR | 1 | — |
| BRUCE P ROCKOWITZ | DIRECTOR (END 12/23) | 1 | — |
| ROBERT RIZZOLO | DIRECTOR (START 09/23) | 1 | — |
| JAMIE SINGLETON | DIRECTOR (END 08/23) | 1 | — |
| J MICHAEL STANLEY | DIRECTOR | 1 | — |
| MOLLY TAYLOR | DIRECTOR | 1 | — |
| AMBER VALLETTA | DIRECTOR | 1 | — |
| PHILIPS MCCARTY | EXECUTIVE DIRECTOR | 35 | — |
| DR JOYCE F BROWN | CHIEF EXECUTIVE OFFICER | 10 | $44,672 |
| SHERRY BRABHAM | CHIEF FINANCIAL OFFICER | 5 | $10,000 |
| DULCE KONTAK | ASSISTANT TO VP | 35 | $102,373 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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