Fortune Tower Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-2.2% YoY
Annual Giving
$25K
+82.6% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$5K
-26.9% YoY
Under IRS private-foundation payout rules, Fortune Tower Foundation reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About Fortune Tower Foundation
Based on IRS filings
Fortune Tower Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $9K.
Focus Areas
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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 | $1,140,881 | $1,167,094 | $1,216,713 |
| Revenue | $13,673 | $-20,676 | $7,987 |
| Expenses | $39,886 | $28,943 | $19,324 |
| Qualifying Distributions | $34,665 | $24,696 | $8,560 |
| Net Investment Income | $9,152 | $53,818 | $3,344 |
| Distributable Amount | $37,039 | $33,489 | $39,356 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Community Health Project Inc ($11,000), Alternative Newsweekly Foundation ($5,000), National Network of Abortion Funds ($4,175).
| Recipient | Purpose | Amount |
|---|---|---|
| ALTERNATIVE NEWSWEEKLY FOUNDATION WASHINGTON, DC | funds to support News Not Noise | $5,000 |
| COMMUNITY HEALTH PROJECT INC NEW YORK, NY | General & Unrestricted | $11,000 |
| COMMUNITY HEALTH PROJECT INC NEW YORK, NY | Charitable Event | $2,500 |
| FORT GREENE PARK CONSERVANCY INC BROOKLYN, NY | General & Unrestricted | $2,000 |
| NATIONAL NETWORK OF ABORTION FUNDS NEW YORK CITY, NY | General & Unrestricted | $4,175 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paula Cano | Dir, Pres, Sec, Treas | 1 | — |
| Rafael Mojica | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Fortune Tower Foundation?
Fortune Tower Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.1M in total assets as of 2024.
How large is Fortune Tower Foundation?
As of 2024, Fortune Tower Foundation holds $1.1M in total assets with $14K in annual revenue. It awarded 5 grants totaling $25K in 2024.
Where does Fortune Tower Foundation operate?
Fortune Tower Foundation has awarded grants in District of Columbia, New York.
What size grants does Fortune Tower Foundation award?
In 2024, Fortune Tower Foundation awarded 5 grants totaling $25K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Fortune Tower Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Fortune Tower Foundation reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in Fortune Tower Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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