Fortunoff Foundation Inc

NEW YORK, NY EIN: 13-6182916

Fortunoff Foundation Inc is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $179K in total assets. In 2024, it awarded 1 grants totaling $99K. Net investment income was $75K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$179K

-9.9% YoY

Annual Giving

$99K

-31.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$99K

-31.2% YoY

Under IRS private-foundation payout rules, Fortunoff Foundation Inc reported a distributable amount of $855 for 2024 — the minimum it must pay out in qualifying distributions.

About Fortunoff Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $588K (100%)

States

New York

Cities

New York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$178,955	$198,584	$43,395
Revenue	$157,287	$566,147	$104,267
Expenses	$102,167	$143,350	$136,348
Qualifying Distributions	$98,595	$143,350	$136,350
Net Investment Income	$74,944	$242,882	—
Distributable Amount	$855	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Schedule Attached ($98,595).

Recipient	Purpose	Amount
SEE SCHEDULE ATTACHED NEW YORK, NY	PUBLIC WELFARE	$98,595

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
GREG FORTUNOFF	Trustee	—	—

Frequently Asked Questions

How large is Fortunoff Foundation Inc?

As of 2024, Fortunoff Foundation Inc holds $179K in total assets with $157K in annual revenue. It awarded 1 grants totaling $99K in 2024.

Where does Fortunoff Foundation Inc operate?

Fortunoff Foundation Inc has awarded grants in New York.

What size grants does Fortunoff Foundation Inc award?

In 2024, Fortunoff Foundation Inc awarded 1 grants totaling $99K — an average of about $99K per grant, based on its IRS Form 990 filings.

How much is Fortunoff Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fortunoff Foundation Inc reported a distributable amount of $855 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.