Heathcote Art Foundation Inc
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.
Heathcote Art Foundation Inc at a glance
In short: Heathcote Art Foundation Inc gave $63K across 2 grants in 2024 (avg $32K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $63,000
- +18.9% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $31,500
- +137.7% vs 2023
- Median grant
- $31,500
- Total assets
- $1,555,296
- +23.4% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Heathcote Art Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Wax Factory ($62K). Together the top 2 received $63K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 8 grants of 9 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Heathcote Art Foundation Inc gives
- Giving grew 425% from 2021 to 2024. Method
- In 2024 it paid out 183% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2020) to $63K (2024). In 2024 it made 2 grants totaling $63K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wax Factory New York, NY | Face Croatia Regranting Program | $62,000 |
| CEC Artslink New York, NY | General Program Support | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,555,296 | $143,937 | $155,319 | $63,000 | 2 | $132,500 | $121,118 | $72,414 |
| 2023 | $1,260,507 | $102,386 | $154,772 | $53,000 | 4 | $133,568 | $80,643 | $64,346 |
| 2022 | $1,319,257 | $86,530 | $111,759 | $15,000 | 1 | $90,352 | $65,123 | $70,346 |
| 2021 | $1,596,083 | $152,203 | $110,180 | $12,000 | 1 | — | $129,986 | $71,013 |
| 2020 | $1,273,598 | $48,969 | $104,423 | $10,000 | 1 | — | $30,360 | $59,328 |
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.
Leadership & Key People
Officers and directors from IRS filings
Heathcote Art Foundation Inc is led by Mercy Bona Pavelic, President on every filing since 2020; 1 of 2 officers listed in 2024 is compensated.
Officers on the 2024 filing
Mercy Bona Pavelic
President
On filings since 2020
15 hrs/week
$59K (2020) → $59K (2024)
Thana Alexa Pavelic
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Former officers (1)
- Former: Antonio Sanchez (2021) — 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 $59K, to Mercy Bona Pavelic (President).
Frequently asked questions about Heathcote Art Foundation Inc
How much does Heathcote Art Foundation Inc give each year?
Heathcote Art Foundation Inc gave $63K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $53K across 4 grants.
How large is Heathcote Art Foundation Inc?
Heathcote Art Foundation Inc reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $133K in qualifying distributions that year, against a required minimum of $72K (roughly 5% of its investment assets).
Where does Heathcote Art Foundation Inc operate?
Heathcote Art Foundation Inc has awarded grants in New York.
What is Heathcote Art Foundation Inc's EIN?
Heathcote Art Foundation Inc's EIN (Employer Identification Number) is 51-0201123. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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