Heathcote Art Foundation Inc

NEW YORK, NY EIN: 51-0201123

Heathcote Art Foundation Inc is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 2 grants totaling $63K. Net investment income was $121K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.6M

+23.4% YoY

Annual Giving

$63K

+18.9% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$32K

+137.7% YoY

Under IRS private-foundation payout rules, Heathcote Art Foundation Inc reported a distributable amount of $72K for 2024 — the minimum it must pay out in qualifying distributions.

About Heathcote Art Foundation Inc

Based on IRS filings

Ready to take the next step with Heathcote Art Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $153K (100%)

States

New York

Cities

New York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,555,296	$1,260,507	$1,319,257
Revenue	$143,937	$102,386	$86,530
Expenses	$155,319	$154,772	$111,759
Qualifying Distributions	$132,500	$133,568	$90,352
Net Investment Income	$121,118	$80,643	$65,123
Distributable Amount	$72,414	$64,346	$70,346

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

9 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Wax Factory ($62,000), Cec Artslink ($1,000).

Recipient	Purpose	Amount
WAX FACTORY NEW YORK, NY	FACE CROATIA REGRANTING PROGRAM	$62,000
CEC ARTSLINK NEW YORK, NY	GENERAL PROGRAM SUPPORT	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MERCY BONA PAVELIC	PRESIDENT	15	$59,000
THANA ALEXA PAVELIC	VICE PRESIDENT	2	—

Frequently Asked Questions

How large is Heathcote Art Foundation Inc?

As of 2024, Heathcote Art Foundation Inc holds $1.6M in total assets with $144K in annual revenue. It awarded 2 grants totaling $63K in 2024.

Where does Heathcote Art Foundation Inc operate?

Heathcote Art Foundation Inc has awarded grants in New York.

What size grants does Heathcote Art Foundation Inc award?

In 2024, Heathcote Art Foundation Inc awarded 2 grants totaling $63K — an average of about $32K per grant, based on its IRS Form 990 filings.

How much is Heathcote Art Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Heathcote Art Foundation Inc reported a distributable amount of $72K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.