Fuzehub Inc
FuzeHub Inc is a public charity based in Albany, New York. It works to connect New York State’s small and mid-sized manufacturing companies with resources, programs, and expertise for technology commercialization, innovative solutions, and business growth.
Fuzehub Inc at a glance
In short: Fuzehub Inc gave $1.7M across 45 grants in 2024 (avg $37K), mostly in New York. 29% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,671,551
- +18.5% vs 2023
- Grants made (2024)
- 45
- +4.7% vs 2023
- Average grant
- $37,146
- +13.2% vs 2023
- Median grant
- $30,000
- Total assets
- $4,289,665
- +8.4% vs 2023
- New grantees (estimate)
- 29% first-time grantees (9 of 31, 2024)
- Primary geography
- New York (97% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Fuzehub Inc
- Review Cycle
- The 2026 application period closed May 7, 2026. The next round is expected to open in early 2027.
- Deadline
- The 2026 application period closed May 7, 2026.
- Contact
Mailing address: 25 Monroe Street 201, Albany, NY 12210
Phone: (518) 768-7030
Website: https://fuzehub.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
3 open opportunities from Fuzehub Inc
Global NY Fund
Fuzehub Inc
Amount
Grants up to $25,000; Loans up to $500,000
Deadline
Deadline not published
New NY Broadband Program
Fuzehub Inc
Amount
$500 million available statewide (grants to support broadband infrastructure expansion)
Deadline
Deadline not published
START-UP NY
Fuzehub Inc
Amount
Tax incentives valued as no income tax, sales tax, property tax, franchise fees, or business/corporate state or local taxes for 10 years
Deadline
Deadline not published
Who Fuzehub Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Cornell University ($97K). Together the top 10 received $734K.
Organizations only. It also paid 15 grants to individuals ($496,673), which are not listed by name.
Grant Size Distribution
180 grants across all recorded years
The most common grant size was under $50K: 140 grants of 180 (78%).
Geographic Focus
Where this funder awards grants
FuzeHub’s website says it serves manufacturing innovators in New York State. In 2024, 97% of its grant dollars went to recipients in New York, 2% to Virginia, and 1% to Pennsylvania.
Grant Distribution by State
Share of 2024 grant dollars across all 45 itemized grants.
States
Cities
Is Fuzehub Inc open to new grantees?
29%
first-time grantees, 2024
In 2024, 9 of 31 grantees (29%) were first-time recipients. First grants averaged $21K; repeat grants $67K. How we count
Medians: $20K first-time, $41K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $763K (2021) to $1.7M (2024). In 2024 it made 45 grants totaling $1.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 15 grants to individuals Recipients not named | — | $496,673 |
| Cornell University Ithaca, NY | Innovation Award | $97,315 |
| University of Buffalo Albany, NY | Innovation Award | $93,214 |
| University of Rochester Rochester, NY | Innovation Award | $87,840 |
| Binghamton University Binghamton, NY | Innovation Award | $79,311 |
| University of Albany (Research Foundation State Univ NY) Albany, NY | Innovation Award | $78,930 |
| Rochester Institute of Technology Rochester, NY | Innovation Award | $72,406 |
| Tech Valley Ctr Gravity (Uncaged Innovations) Troy, NY | Innovation Award | $61,313 |
| South Tier High Tech Incubator Binghamton, NY | Innovation Award | $60,000 |
| Itac (NYC Industrial & TECH)(COHESIVE Robotics) New York, NY | Innovation Award | $58,453 |
Ready to take the next step with Fuzehub Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $4,289,665 | $4,835,529 | $4,418,119 | $1,671,551 | 45 | $65,338 |
| 2023 | $3,958,719 | $4,500,849 | $3,999,573 | $1,410,707 | 43 | $31,081 |
| 2022 | $3,262,411 | $3,064,438 | $3,210,986 | $1,115,744 | 26 | — |
| 2021 | $3,328,048 | $3,104,203 | $3,009,038 | $763,174 | 21 | — |
| 2020 | $3,444,589 | $4,675,142 | $3,834,569 | $1,654,039 | 45 | — |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
FuzeHub’s stated mission is to better connect New York’s small and mid-sized manufacturing companies to the resources, programs, and expertise they need for technology commercialization, innovative solutions, and business growth. Its stated program role is to unite and integrate public- and private-sector technology, industry, and commercialization services, experts, and partners.
The Manufacturing Grants support projects such as adopting technology to improve a process or product, prototype development, design for manufacturing, proof-of-concept manufacturing, eligible equipment purchases, and manufacturing scale-up. The program is designed for collaborations led by New York State nonprofits in partnership with manufacturers or technology companies. Grantee organizations have included universities, incubators, technology development organizations, and economic development organizations. For example, Central New York Technology Development describes its mission as helping local manufacturers and technology companies improve operations and reach their potential; the University of Rochester describes its work as including higher education, research, and charitable patient care.
Grantmaking
In filing year 2024, FuzeHub reported 45 grants totaling $1,671,551. Grant amounts ranged from $6,500 to $115,000, with a median of $30,000. The reported purposes for the listed 2024 grants were “Innovation Award.”
Among the largest reported awards were $115,000 to an individual recipient in Liverpool, $97,315 to Cornell University, $93,214 to the University of Buffalo, $87,840 to the University of Rochester, and $79,311 to Binghamton University. Other large recipients included the University of Albany Research Foundation ($78,930), Rochester Institute of Technology ($72,406), Downstate Tech Center ($67,859), Tech Valley Center of Gravity ($61,313), and Southern Tier High Technology Incubator ($60,000).
For the 2026 Manufacturing Grants cycle, individual awards were capped at $65,000. Eligible lead applicants were New York State nonprofits partnering with at least one New York State manufacturer or technology company; partner companies had to be physically established in New York, have no more than 500 employees worldwide, and have a Dun & Bradstreet profile with a registered NAICS code. The nonprofit lead applicant submits the application and, if awarded, contracts with FuzeHub and handles milestone reporting. Application materials included project information, team qualifications and roles, project stage and style, expected economic impact, and an itemized budget.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ryan Silva, Lloyd Ploof, and Santokh Badesha as board members; Kevin O’Leary as treasurer; Fatin Haddad as secretary; Elena Garuc as executive director; and Eric Fasser as solutions program manager.
Fuzehub Inc is led by Elena Garuc, Executive Director on every filing since 2020; 2 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Elena Garuc
Executive Director
On filings since 2020
40 hrs/week
$136K (2020) → $175K (2024)
Eric K. Fasser
Solutions Program Manager
Design & Engineering Solutions Specialist → Solutions Program Manager, 2024
On filings since 2020
40 hrs/week
$100K (2020) → $114K (2024)
Fatin Haddad
Secretary
Board Member → Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Kevin O'Leary
Treasurer
Treasurer → Treasuer, 2023
Treasuer → Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Santokh S. Badesha
Board Member
On filings since 2020
1 hr/week
No compensation reported
Lloyd Ploof
Board Member
On filings since 2022
1 hr/week
No compensation reported
Ryan Silva
Board Member
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Everton H. Henriques (2020) — Ny Mep Solutions Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $175K, to Elena Garuc (Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Fuzehub Inc
How much does Fuzehub Inc give each year?
Fuzehub Inc gave $1.7M across 45 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.4M across 43 grants.
What is Fuzehub Inc's typical grant size?
Fuzehub Inc's median grant in 2024 was $30,000, and its average grant was $37,146, across 45 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Fuzehub Inc that year got $21K on average.
Where does Fuzehub Inc give grants?
Fuzehub Inc gives mostly in New York: 97% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Albany, NY (5 grants), New York, NY (5 grants), Rochester, NY (4 grants) and Binghamton, NY (3 grants).
Does Fuzehub Inc give general operating support?
Not in 2024: none of the 45 grants with a stated purpose on Fuzehub Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Innovation Award" (45 grants).
Who are Fuzehub Inc's largest grantees?
Fuzehub Inc's largest 2024 grantees include Cornell University ($97,315), University of Buffalo ($93,214) and University of Rochester ($87,840), according to its 2024 IRS Form 990. It also paid 15 grants to individuals ($496,673), which are not listed by name. Together they received 17% of its itemized 2024 grant dollars.
How large is Fuzehub Inc?
Fuzehub Inc reported $4.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.8M.
What does Fuzehub Inc fund?
FuzeHub’s stated mission is to better connect New York’s small and mid-sized manufacturing companies to the resources, programs, and expertise they need for technology commercialization, innovative solutions, and business growth. See mission & focus areas ↑
How do I apply for a grant from Fuzehub Inc?
Fuzehub Inc has no public application process in the sources Grantable reviewed. Check fuzehub.com for current guidelines, or contact the foundation directly before submitting a request.
What is Fuzehub Inc's EIN?
Fuzehub Inc's EIN (Employer Identification Number) is 46-3122950. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Fuzehub Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Fuzehub Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Fuzehub Inc funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/fuzehub-inc-morg_20395ad54f454095acc0fca255dd5e05
BibTeX
@misc{grantable_463122950_2026,
author = {{Grantable}},
title = {{Fuzehub Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/fuzehub-inc-morg_20395ad54f454095acc0fca255dd5e05},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Fuzehub Inc'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.
Fuzehub Inc down — hundreds of funders to go?