Heartfelt Wings Foundation Inc
Heartfelt Wings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Yorktown Heights, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.4M in total assets. In 2024, it awarded 8 grants totaling $1.3M. Net investment income was $410K.
Key facts about Heartfelt Wings Foundation Inc
- EIN
- 47-4805154
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,319,000
- Grants made (2024)
- 8
- Average grant
- $164,875
- Median grant
- $27,500
- Total assets
- $24,363,416
- Primary geography
- Connecticut (80% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Heartfelt Wings Foundation Inc funds
By grant dollars, the top recipient states for Heartfelt Wings Foundation Inc's 8 itemized 2024 grants were Connecticut (80%) and New York (20%). The most frequent recipient cities were Fairfield, CT (2 grants) and New York, NY (2 grants). 13% of grants with a stated purpose were for general or operating support.
How Heartfelt Wings Foundation Inc gives
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Heartfelt Wings Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.4M
+6.9% YoY
Annual Giving
$1.3M
+938.6% YoY
Grant Count
8
+33.3% YoY
Avg Grant Size
$165K
+678.9% YoY
Under IRS private-foundation payout rules, Heartfelt Wings Foundation Inc reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
About Heartfelt Wings Foundation Inc
Based on IRS filings
Heartfelt Wings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Yorktown Heights, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.4M in total assets. In 2024, it awarded 8 grants totaling $1.3M. Net investment income was $410K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,363,416 | $22,787,261 | $20,646,650 |
| Revenue | $464,080 | $367,056 | $465,226 |
| Expenses | $1,387,793 | $187,805 | $1,708,972 |
| Qualifying Distributions | $1,329,184 | $132,846 | $1,607,563 |
| Net Investment Income | $409,791 | $315,396 | $517,743 |
| Distributable Amount | $1,137,810 | $1,078,082 | $1,077,405 |
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 7 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Fairfield University ($1,050,000 across 2 grants), Companions in Courage Foundation ($200,000), The Joyce Theater Foundation Inc ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FAIRFIELD UNIVERSITY Fairfield, CT | 1ST YEAR GRANT 2024 | $1,000,000 |
| COMPANIONS IN COURAGE FOUNDATION Huntington, NY | CARMINE'S MEMORIAL LIONS DEN | $200,000 |
| FAIRFIELD UNIVERSITY Fairfield, CT | THE FAIRFIELD FUND | $50,000 |
| THE JOYCE THEATER FOUNDATION INC New York, NY | ANNUAL CONTRIBUTION FOR THE JOYCE THEATER'S EDUCATIONAL PROGRAM | $30,000 |
| PURPLE CRAYON PRODUCTIONS INC Yorktown Heights, NY | ANNUAL CONTRIBUTION | $25,000 |
| HOSPITAL FOR SPECIAL SURGERY New York, NY | SUMMER INTERN GRANT PROGRAM | $12,000 |
| SARCOMA FOUNDATION OF AMERICA INC Damascus, MD | DANTE LUCA FOUNDATION | $1,000 |
| JUST WORLD INTERNATIONAL Wellington, FL | GENERAL OPERATING SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marianne Dolan Weber | President | 10 | — |
| Marianne Rose Weber | Secretary | 1 | — |
| Charles F Dolan | Vice President | 1 | — |
| Richard Baccari | Treasurer | 1 | — |
| Kathleen M Dolan | Board Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Heartfelt Wings Foundation Inc?
Heartfelt Wings Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Yorktown Heights, NY. It holds $24.4M in total assets as of 2024.
How large is Heartfelt Wings Foundation Inc?
As of 2024, Heartfelt Wings Foundation Inc holds $24.4M in total assets with $464K in annual revenue. It awarded 8 grants totaling $1.3M in 2024.
Where does Heartfelt Wings Foundation Inc operate?
Heartfelt Wings Foundation Inc has awarded grants in Connecticut, Florida, Massachusetts, Maryland, New York, Ohio, Virginia, Washington.
What size grants does Heartfelt Wings Foundation Inc award?
In 2024, Heartfelt Wings Foundation Inc awarded 8 grants totaling $1.3M — an average of about $165K per grant, based on its IRS Form 990 filings.
How much is Heartfelt Wings Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Heartfelt Wings Foundation Inc reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Heartfelt Wings Foundation Inc's EIN?
Heartfelt Wings Foundation Inc's EIN (Employer Identification Number) is 47-4805154. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.