Five Partners Foundation
Five Partners Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $11.0M in total assets. In 2025, it made $766K in qualifying distributions. Net investment income was $132K.
Five Partners Foundation at a glance
- Total assets
- $10,976,545
- -0.3% vs 2024
- Revenue (2025)
- $285,483
- -65.7% vs 2024
- Qualifying distributions (2025)
- $765,631
- +20.4% vs 2024
- Expenses (2025)
- $321,433
- +13.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Five Partners Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Five Partners Foundation gives
- Giving fell 24% from 2021 to 2024. Method
- In 2025 it paid out 138% 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 $8K (2023) to $123K (2020). In 2024 it made 1 grant totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule New York, NY | Unrestricted | $11,775 |
Ready to take the next step with Five Partners Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,976,545 | $285,483 | $321,433 | — | — | $765,631 | $131,695 | $554,904 |
| 2024 | $11,012,495 | $831,251 | $284,470 | $11,775 | 1 | $635,676 | $485,343 | $514,125 |
| 2023 | $10,555,580 | $868,521 | $257,597 | $7,500 | 1 | $395,300 | $343,364 | $523,768 |
| 2022 | $10,147,240 | $263,166 | $294,447 | $19,500 | 1 | $1,062,763 | $139,152 | $522,700 |
| 2021 | $10,178,521 | $480,093 | $259,639 | $15,500 | 1 | $402,747 | $360,201 | $598,288 |
| 2020 | $9,958,067 | $201,477 | $360,266 | $122,500 | 5 | — | $81,918 | $514,004 |
Under IRS private-foundation payout rules, Five Partners Foundation reported a distributable amount of $555K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Five Partners Foundation is led by Bernard G. Palitz Jr., President on every filing since 2020; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Bernard G. Palitz Jr.
President
On filings since 2020
40 hrs/week
$198K (2020) → $221K (2025)
Susan L. Kane
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Samuel L. Palitz (2020) — Vice President
Data from IRS Form 990 filings, 2020–2025. "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 $221K, to Bernard G Palitz Jr (President).
Frequently asked questions about Five Partners Foundation
How large is Five Partners Foundation?
Five Partners Foundation reported $11.0M in total assets on its 2025 IRS Form 990-PF. It paid out $766K in qualifying distributions that year, against a required minimum of $555K (roughly 5% of its investment assets).
Where does Five Partners Foundation operate?
Five Partners Foundation has awarded grants in Florida, New York.
What is Five Partners Foundation's EIN?
Five Partners Foundation's EIN (Employer Identification Number) is 90-0142583. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Five Partners Foundation's focus areas in our free grants database
Similar Funders
Other grantmakers to research
The Heidtke Foundation
Wyckoff, NJ
Assets
$5K
Grants
7
Total Given
$35K
The Tang Fund
New York, NY
The Tang Fund supports charitable organizations, with recent grants spanning museums, arts and culture, education, food systems, and public understanding of plants and the natural world. In 2025, grants ranged from $100 to $10 million, with a median of $5,000; most funding went to New York recipients, with some support in Massachusetts, Connecticut, Colorado, and Pennsylvania. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$38.8M
Grants
71
Total Given
$17.9M
The William J Henderson Mem FD
Pittsburgh, PA
Assets
$303K
Grants
1
Total Given
$17K
Robert Evans Fdn for the Arts
Pennington, NJ
Assets
$1.9M
Grants
1
Total Given
$56K
Tua E Delano FB Inst Musical Art
Dallas, TX
Assets
$719K
Grants
1
Total Given
$40K
Trust Under the Will of Irma Kountz
Norwich, NY
Assets
$663K
Grants
2
Total Given
$286K
More similar funders
More Funders in New York
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Five Partners 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.
Five Partners Foundation down — hundreds of funders to go?