Foundation for a Better Life Corp

Private foundation · Grantmaker Melville, NY EIN: 92-1298559

Foundation for a Better Life Corp is a private foundation, based in Melville, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $213K in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $7K.

Foundation for a Better Life Corp at a glance

In short: Foundation for a Better Life Corp gave $10K across 1 grant in 2024 (avg $10K), mostly in New York. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$9,500
-5.0% vs 2023
Grants made (2024)
1
-66.7% vs 2023
Average grant
$9,500
+185.0% vs 2023
Median grant
$9,500
Total assets
$212,972
-1.2% vs 2023
Primary geography
New York (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Foundation for a Better Life Corp funds

How this funder distributes its grants

Top Recipients

Top recipient in 2024

Cove Animal Rescue: $10KCove Animal Rescue$10K

The largest 2024 recipient was Cove Animal Rescue ($10K).

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of the 2024 grant dollars on its one itemized grant.

Cities

Glen CoveArlingtonJericho

How Foundation for a Better Life Corp gives

  • In 2024 it paid out 66% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

$0$2.5K$5K$7.5K$10K0 grants2022 3 grants2023 1 grant2024

From 2023 to 2024, annual grant giving ranged from $10K (2024) to $10K (2023). In 2024 it made 1 grant totaling $10K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Cove Animal Rescue Glen Cove, NYGeneral support, unrestricted.$9,500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$212,972$8,805$11,462$9,5001$9,500$6,847$14,444
2023$215,631$265,049$18,360$10,0003$12,901$276$4,972
2022$10,000$10,000—————$31

Under IRS private-foundation payout rules, Foundation for a Better Life Corp reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Foundation for a Better Life Corp is led by Anthony Ng, President on every filing since 2022; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Anthony Ng

    President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Savannah Hu

    Vice President

    On filings since 2022

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2024. "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 Foundation for a Better Life Corp

How much does Foundation for a Better Life Corp give each year?

Foundation for a Better Life Corp gave $10K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 3 grants.

How large is Foundation for a Better Life Corp?

Foundation for a Better Life Corp reported $213K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Foundation for a Better Life Corp operate?

Foundation for a Better Life Corp has awarded grants in New York, Virginia.

What is Foundation for a Better Life Corp's EIN?

Foundation for a Better Life Corp's EIN (Employer Identification Number) is 92-1298559. IRS Form 990 filing data is available on this page for 2022–2024.

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

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2024

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Philanthropy, Voluntarism & Grantmaking

Assets

$850K

Grants

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Total Given

$139K

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Foundation for a Better Life Corp'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.

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