Fund for Individual Potential
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.
Key facts about Fund for Individual Potential
- EIN
- 26-6112299
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,968,000
- Grants made (2024)
- 19
- Average grant
- $156,211
- Median grant
- $50,000
- New grantees (estimate)
- 26% first-time grantees (5 of 19, 2024)
- Total assets
- $41,514,941
- Primary geography
- New Hampshire (72% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Fund for Individual Potential funds
By grant dollars, the top recipient states for Fund for Individual Potential's 19 itemized 2024 grants were New Hampshire (72%), New York (14%) and New Jersey (9%). The most frequent recipient cities were New York, NY (6 grants) and Woleboro, NH (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Fund for Individual Potential open to new grantees?
26%
first-time grantees, 2024
In 2024, 5 of 19 grantees (26%) were first-time recipients. First grants averaged $26K; repeat grants $203K. How we count
Medians: $10K first-time, $50K repeat.
- 74% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+20%). Method
- In 2024 it paid out 82% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Fund for Individual Potential
- How to evaluate Fund for Individual Potential as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Fund for Individual Potential with AI
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- Track this opportunity in a free grant tracker
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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
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.
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.
Ready to take the next step with Fund for Individual Potential?
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
Share of all 19 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients 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 |
| 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 |
| CHALLANGED ATHLETES FOUNDATION San Diego, CA | GENERAL PURPOSE OF EXEMPT ORGANIZATION | $100,000 |
| LUNCH BREAK Red Bank, NJ | GENERAL PURPOSE OF EXEMPT ORGANIZATION | $55,000 |
| JEWISH FAMILY & CHILDREN'S SERVICE New York, NY | GENERAL PURPOSE OF EXEMPT ORGANIZATION | $50,000 |
| TEMPLE EMANU-EL OF NYC New York, NY | GENERAL PURPOSE OF EXEMPT ORGANIZATION | $50,000 |
| WHITNEY MUSEUM New York, NY | GENERAL PURPOSE OF EXEMPT ORGANIZATION | $50,000 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bradley Grayson | Trustee | 2 | — |
| Eric Grayson | Trustee | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
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.
What is Fund for Individual Potential's EIN?
Fund for Individual Potential's EIN (Employer Identification Number) is 26-6112299. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.