Fortune Tower Foundation
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.
Fortune Tower Foundation at a glance
In short: Fortune Tower Foundation gave $26K across 4 grants in 2025 (avg $6K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,800
- +4.6% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $6,450
- +30.7% vs 2024
- Median grant
- $6,000
- Total assets
- $1,023,189
- -10.3% vs 2024
- Primary geography
- New York (73% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Fortune Tower Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
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
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $14K (2023) to $26K (2025). In 2025 it made 4 grants totaling $26K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Health Project Inc New York, NY | Callen-Lorde Brooklyn location fund | $10,000 |
| Alternative Newsweekly Foundation Washington, DC | News not noise fund | $7,000 |
| Fort Greene Park Conservancy Inc Brooklyn, NY | General & Unrestricted | $5,000 |
| New York Immigration Coalition Inc New York, NY | NYIC Emergency Justice fund | $3,800 |
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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 | $1,023,189 | $-77,169 | $40,523 | $25,800 | 4 | $35,963 | $154,118 | $34,873 |
| 2024 | $1,140,881 | $13,673 | $39,886 | $24,675 | 5 | $34,665 | $9,152 | $37,039 |
| 2023 | $1,167,094 | $-20,676 | $28,943 | $13,511 | 2 | $24,696 | $53,818 | $33,489 |
| 2022 | $1,216,713 | $7,987 | $19,324 | — | — | $8,560 | $3,344 | $39,356 |
| 2021 | $1,228,050 | $1,234,550 | $6,500 | — | — | $6,500 | $403,650 | — |
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.
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.
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 July 9, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Fortune Tower Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Fortune Tower Foundation's focus areas in our free grants database
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