Fund for Individual Potential

RED BANK, NJ EIN: 26-6112299

The Fund for Individual Potential is a private foundation based in Red Bank, New Jersey, established in 2010. It operates as a 501(c)(3) exempt private foundation with a broad philanthropic focus across the United States.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$41.5M

+5.0% YoY

Annual Giving

$3.0M

-3.5% YoY

Grant Count

+26.7% YoY

Avg Grant Size

$156K

-23.8% YoY

Under IRS private-foundation payout rules, Fund for Individual Potential reported a distributable amount of $3.6M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Grantmaking

The foundation is an active grantmaker with significant annual giving. In 2024, it made 15 grants totaling approximately $3.1 million. Recent notable grants include:

Grant Range

s typically range from $51 to $2,600,000, with an average grant size of approximately $827. The foundation indicates it is open to new applicants, with approximately 12% of new applicants receiving funding.

Average Grant

of approximately $827. The foundation indicates it is open to new applicants, with approximately 12% of new applicants receiving funding.

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Geographic Focus

Where this funder awards grants

The foundation funds initiatives across multiple states, with a primary focus on:

New York
New Jersey
New Hampshire
Pennsylvania

Specific cities where the foundation has supported work include Asbury Park, Bronx, Easton, and New York.

Grant Distribution by State

New Hampshire $9.4M (67%)

New York $3.1M (22%)

New Jersey $770K (5%)

Pennsylvania $625K (4%)

California $100K (1%)

Connecticut $5K (0%)

States

California Connecticut New Hampshire New Jersey New York Pennsylvania

Cities

Asbury ParkBrewsterBronxBronzEantownEastonElberonGenevaGreenwichLong BranchNew YorkOakhurstRed BankSan DiegoWoleboroWolfeboro Falls

Financial History

Multi-year comparison from IRS filings

Assets: $41,514,941 (as of 2024)

Annual Giving: $2,968,000 to $3,100,000 (2024)

Total Revenues: $5,798,285 (2024)

Total Expenses: $3,800,555 (2024)

Expense Ratio: 104.6% of total revenue spent on programs

The foundation has no employees and operates with a lean administrative structure.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$41,514,941	$39,547,917	$39,724,539
Revenue	$5,798,285	$3,576,633	$2,802,384
Expenses	$3,800,555	$3,741,359	$3,963,330
Qualifying Distributions	$2,989,367	$3,097,222	$3,286,046
Net Investment Income	$4,987,097	$2,945,644	$2,183,140
Distributable Amount	$3,643,512	$3,017,619	$3,086,249

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

78 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Brewster Academy ($2,108,000), Habcore ($100,000), Memorial Sloan Kettering Cancer Center ($100,000).

Recipient	Purpose	Amount
BREWSTER ACADEMY WOLEBORO, NH	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$2,108,000
HABCORE ASBURY PARK, NJ	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$100,000
HOBART & WILLIAM SMITH COLLEGES GENEVA, NY	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$25,000
JEWISH FAMILY & CHILDREN'S SERVICE NEW YORK, NY	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$50,000
LAFAYETTE COLLEGE EASTON, PA	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$25,000
LUNCH BREAK RED BANK, NJ	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$55,000
MEMORIAL SLOAN KETTERING CANCER CENTER NEW YORK, NY	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$100,000
MONMOUTH MEDICAL CENTER FOUDATION LONG BRANCH, NJ	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$100,000
NEW YORK PRESBYTERIAN FUND INC NEW YORK, NY	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$100,000
RISING TREETOPS AT OAKHURST OAKHURST, NJ	GENERAL PURPOSE OF EXEMPT ORGANIZATION	$25,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is overseen by trustees Bradley Grayson and Eric Grayson, both of whom serve on a voluntary basis without compensation. Jay Freiberg is also listed as a trustee.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BRADLEY GRAYSON	TRUSTEE	2	—
ERIC GRAYSON	TRUSTEE	2	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

How do I apply for a grant from Fund for Individual Potential?

The foundation is an active grantmaker with significant annual giving. In 2024, it made 15 grants totaling approximately $3.1 million. Recent notable grants include: • Brewster Academy: $2,108,000 (2024) • New York-Presbyterian Fund: $100,000 (2024) • Memorial Sloan Kettering Cancer Center: $100,000 (2024) • HABcore: $100,000 (2024) Grant sizes typically range from $51 to $2,600,000, with an average grant size of approximately $827. The foundation indicates it is open to new applicants, with ap…

Where does Fund for Individual Potential make grants?

The foundation funds initiatives across multiple states, with a primary focus on: • New York • New Jersey • New Hampshire • Pennsylvania Specific cities where the foundation has supported work include Asbury Park, Bronx, Easton, and New York.

What size grants does Fund for Individual Potential award?

In 2024, Fund for Individual Potential awarded 19 grants totaling $3.0M — an average of about $156K per grant, based on its IRS Form 990 filings.

How much is Fund for Individual Potential required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fund for Individual Potential reported a distributable amount of $3.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.