IDC Foundation Inc is a nonprofit organization focused on Education, based in CENTERPORT, NY. IRS filing data is available from 2019 through 2024. In 2024, it awarded 5 grants totaling $500K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$500K
Grant Count
5
Avg Grant Size
$100K
About IDC Foundation Inc
Based on IRS filings
IDC Foundation Inc is a nonprofit organization focused on Education, based in CENTERPORT, NY. IRS filing data is available from 2019 through 2024. In 2024, it awarded 5 grants totaling $500K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $27,823,166 | $27,063,530 |
| Revenue | — | $1,166,011 | $1,892,547 |
| Expenses | — | $2,039,817 | $1,449,551 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | $1,166,011 | $1,892,547 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include NY Institue of Technology ($100,000), Cooper Union ($100,000), New York University ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NY Institue of Technology New York, NY | Scholarships/Fellowship | $100,000 |
| Cooper Union New York, NY | Scholarships/Fellowship | $100,000 |
| New York University New York, NY | Scholarships/Fellowship | $100,000 |
| Pratt Institute Brooklyn, NY | Scholarships/Fellowship | $100,000 |
| Columbia University New York, NY | Scholarships/Fellowship | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Raymond Savino | President/Treas | — | — |
| Frank Fortino | VP/Secretary | — | — |
| Elizabeth Battista | Director | — | — |
| Carol Loewenson | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is IDC Foundation Inc?
IDC Foundation Inc is a nonprofit organization focused on Education, based in CENTERPORT, NY. It holds — in total assets as of 2024.
Where does IDC Foundation Inc operate?
IDC Foundation Inc has awarded grants in New York.
What size grants does IDC Foundation Inc award?
In 2024, IDC Foundation Inc awarded 5 grants totaling $500K — an average of about $100K per grant, based on its IRS Form 990 filings.
What is IDC Foundation Inc's EIN?
IDC Foundation Inc's EIN (Employer Identification Number) is 47-2662220. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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