Fortune Tower Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 87-3094141

Fortune Tower Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 4 grants totaling $26K. Net investment income was $154K.

Key facts about Fortune Tower Foundation

In short: Fortune Tower Foundation gave $26K across 4 grants in 2025 (avg $6K), mostly in New York. Source: 2025 IRS Form 990-PF.

EIN
87-3094141
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$25,800
Grants made (2025)
4
Average grant
$6,450
Median grant
$6,000
Total assets
$1,023,189
Primary geography
New York (73% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.0M

-10.3% YoY

Annual Giving

$26K

+4.6% YoY

Grant Count

4

-20.0% YoY

Avg Grant Size

$6K

+30.7% YoY

Under IRS private-foundation payout rules, Fortune Tower Foundation reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.

How Fortune Tower Foundation gives

  • In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

New YorkBrooklynWashingtonNew York City

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2021 0 grants2022 2 grants2023 5 grants2024 4 grants2025

From 2023 to 2025, annual grant giving ranged from $14K (2023) to $26K (2025). In 2025 it made 4 grants totaling $26K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Community Health Project Inc: $10KCommunity Health Project Inc$10KAlternative Newsweekly Foundation: $7KAlternative NewsweeklyFoundation$7KFort Greene Park Conservancy Inc: $5KFort Greene Park ConservancyInc$5KNew York Immigration Coalition Inc: $4KNew York Immigration CoalitionInc$4K

The largest 2025 recipient was Community Health Project Inc ($10K). Together the top 4 received $26K.

Grant Size Distribution

11 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 11 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Community Health Project Inc New York, NYCallen-Lorde Brooklyn location fund$10,000
Alternative Newsweekly Foundation Washington, DCNews not noise fund$7,000
Fort Greene Park Conservancy Inc Brooklyn, NYGeneral & Unrestricted$5,000
New York Immigration Coalition Inc New York, NYNYIC Emergency Justice fund$3,800

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,023,189$1,140,881$1,167,094
Revenue$-77,169$13,673$-20,676
Expenses$40,523$39,886$28,943
Qualifying Distributions$35,963$34,665$24,696
Net Investment Income$154,118$9,152$53,818
Distributable Amount$34,873$37,039$33,489

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 9, 2026)
  2. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Fortune Tower Foundation is led by Paula Cano, Director, President, Secretary & Treasurer on every filing since 2021; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Paula Cano

    Director, President, Secretary & Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

  • Rafael Mojica

    Vice President

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "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 Fortune Tower Foundation

How much does Fortune Tower Foundation give each year?

Fortune Tower Foundation gave $26K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 5 grants.

What is Fortune Tower Foundation's typical grant size?

Fortune Tower Foundation's median grant in 2025 was $6,000, and its average grant was $6,450, across 4 grants on its 2025 IRS Form 990-PF.

Where does Fortune Tower Foundation give grants?

Fortune Tower Foundation gives mostly in New York: 73% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (27%). The most frequent recipient cities were New York, NY (2 grants).

Does Fortune Tower Foundation give general operating support?

Yes: 25% of Fortune Tower Foundation's 2025 grants with a stated purpose (1 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is Fortune Tower Foundation?

Fortune Tower Foundation reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $35K (roughly 5% of its investment assets).

What is Fortune Tower Foundation's EIN?

Fortune Tower Foundation's EIN (Employer Identification Number) is 87-3094141. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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