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
19
+26.7% YoY
Avg Grant Size
$156K
-23.8% YoY
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
Cities
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.
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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