First Eagle Investments Foundation
First Eagle Investments Foundation is a private foundation based in Wilmington, Delaware. Its 2024 filing reports grants to charitable organizations, including organizations working in education, financial literacy, community service, and health.
First Eagle Investments Foundation at a glance
In short: First Eagle Investments Foundation gave $1.2M across 389 grants in 2024 (avg $3K), mostly in New York. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,172,708
- -15.3% vs 2023
- Grants made (2024)
- 389
- -7.8% vs 2023
- Average grant
- $3,015
- -8.1% vs 2023
- Median grant
- $400
- Total assets
- $746,853
- +8.7% vs 2023
- New grantees (estimate)
- 40% first-time grantees (141 of 356, 2024)
- Primary geography
- New York (65% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to First Eagle Investments Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who First Eagle Investments Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Memorial Sloan-Kettering Cancer Center ($119K across 4 grants). Together the top 10 received $529K.
Grant Size Distribution
1,720 grants across all recorded years
The most common grant size was under $50K: 1,673 grants of 1,720 (97%).
Geographic Focus
Where this funder awards grants
In 2024, 65% of grant dollars went to recipients in New York, followed by Massachusetts (9%), Illinois (7%), California (4%), and Connecticut (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 389 itemized grants.
States
Cities
Is First Eagle Investments Foundation open to new grantees?
40%
first-time grantees, 2024
In 2024, 141 of 356 grantees (40%) were first-time recipients. First grants averaged $1K; repeat grants $5K. How we count
Medians: $200 first-time, $606 repeat.
- 52% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−6%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.1M (2020) to $1.4M (2023). In 2024 it made 389 grants totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memorial Sloan-Kettering Cancer Center New York, NY | Young Women with Breast Cancer Program | $85,000 |
| Prep for Prep New York, NY | General & Unrestricted | $75,000 |
| City Harvest Inc Brooklyn, NY | General & Unrestricted | $50,000 |
| Girls Who Invest Inc New York, NY | General & Unrestricted | $50,000 |
| New York Cares Inc New York, NY | General & Unrestricted | $50,000 |
| The Posse Foundation Inc New York, NY | General & Unrestricted | $50,000 |
| Imentor Incorporated New York, NY | General & Unrestricted | $35,000 |
| Council for Economic Education New York, NY | General & Unrestricted | $30,100 |
| Economic Awareness Council Chicago, IL | General & Unrestricted | $30,000 |
| Womens Money Matters Inc Boston, MA | General & Unrestricted | $30,000 |
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Financial History
Multi-year comparison from IRS filings
The foundation reported that its 2024 distributions from assets other than current income totaled $1,172,708. Its filing states that this amount represented 25% or more of its net assets of $687,206 at the beginning of the 2024 taxable year, and that the distributions resulted in a substantial contraction of assets. The filing also states that the foundation has no plans for dissolution.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $746,853 | $1,252,380 | $1,192,733 | $1,172,708 | 389 | $1,192,733 | $2,380 | $33,761 |
| 2023 | $687,206 | $1,202,232 | $1,404,489 | $1,384,264 | 422 | $1,404,289 | $1,727 | $42,485 |
| 2022 | $889,462 | $1,002,127 | $1,235,234 | $1,215,109 | 334 | $1,235,134 | $295 | $39,510 |
| 2021 | $1,119,069 | $1,007,567 | $1,269,841 | $1,249,001 | 356 | $1,269,821 | $538 | $48,773 |
| 2020 | $1,381,343 | $752,758 | $1,107,465 | $1,087,440 | 219 | — | $2,572 | $63,631 |
Under IRS private-foundation payout rules, First Eagle Investments Foundation reported a distributable amount of $34K 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 does not state a mission in the available information. Its 2024 grants included support for organizations whose own missions describe work in several areas. PREP for Prep says it provides educational access and opportunity to promising New York City students; Girls Who Invest says it works to advance investors and leaders in investment management; and iMentor says it partners with public high schools to connect mentors and students. Women’s Money Matters describes its work as empowering low-income women through financial literacy, while the Economic Awareness Council says it prepares students and families for economic and financial decisions. New York Cares describes its work as mobilizing volunteers to meet community needs.
Grantmaking
In 2024, the foundation made 389 grants totaling $1,172,708. Grants ranged from $25 to $85,000, with a median of $400. It made 422 grants totaling $1,384,264 in 2023 and 334 grants totaling $1,215,109 in 2022.
Among its largest 2024 grants were $85,000 to Memorial Sloan-Kettering Cancer Center for its Young Women with Breast Cancer Program and $75,000 to PREP for Prep for general and unrestricted purposes. The foundation also awarded $50,000 each to City Harvest, Girls Who Invest, New York Cares, and the Posse Foundation, all for general and unrestricted purposes. Other grants included $35,000 to iMentor and $30,000 to Working in Support of Education, both for general and unrestricted purposes; $30,100 to the Council for Economic Education for general and unrestricted purposes; and $30,000 each to the Economic Awareness Council and Women’s Money Matters for general and unrestricted purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Melanie Dow as director, president, secretary, and treasurer, and David O’Connor as director and vice president.
First Eagle Investments Foundation is led by Melanie Dow, Director, President, Secretary & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Melanie Dow
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
David O'Connor
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
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 First Eagle Investments Foundation
How much does First Eagle Investments Foundation give each year?
First Eagle Investments Foundation gave $1.2M across 389 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.4M across 422 grants.
What is First Eagle Investments Foundation's typical grant size?
First Eagle Investments Foundation's median grant in 2024 was $400, and its average grant was $3,015, across 389 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from First Eagle Investments Foundation that year got $1K on average.
Where does First Eagle Investments Foundation give grants?
First Eagle Investments Foundation gives mostly in New York: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (9%) and Illinois (7%). The most frequent recipient cities were New York, NY (88 grants), Chicago, IL (27 grants), Boston, MA (15 grants) and Brooklyn, NY (12 grants).
Does First Eagle Investments Foundation give general operating support?
Yes: 89% of First Eagle Investments Foundation's 2024 grants with a stated purpose (346 of 389) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Charitable Event" (4 grants).
Who are First Eagle Investments Foundation's largest grantees?
First Eagle Investments Foundation's largest 2024 grantees include Memorial Sloan-Kettering Cancer Center ($119,386 across 4 grants), Prep for Prep ($75,000) and City Harvest Inc ($50,000), according to its 2024 IRS Form 990-PF. Together they received 21% of its itemized 2024 grant dollars.
How large is First Eagle Investments Foundation?
First Eagle Investments Foundation reported $747K in total assets on its 2024 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
What does First Eagle Investments Foundation fund?
The foundation does not state a mission in the available information. Its 2024 grants included support for organizations whose own missions describe work in several areas. See mission & focus areas ↑
How do I apply for a grant from First Eagle Investments Foundation?
The foundation 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 First Eagle Investments Foundation's EIN?
First Eagle Investments Foundation's EIN (Employer Identification Number) is 45-4165305. IRS Form 990 filing data is available on this page for 2020–2024.
Does First Eagle Investments Foundation 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 4, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work First Eagle Investments Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in First Eagle Investments Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). First Eagle Investments Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/first-eagle-investments-foundation-morg_a60928ea512f4efcad30e4783e1ed339
BibTeX
@misc{grantable_454165305_2026,
author = {{Grantable}},
title = {{First Eagle Investments Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/first-eagle-investments-foundation-morg_a60928ea512f4efcad30e4783e1ed339},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from First Eagle Investments Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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