IDC Foundation Inc
IDC Foundation Inc is a private foundation focused on Education, based in Centerport, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $31.9M in total assets. In 2025, it awarded 8 grants totaling $1.4M. Net investment income was $2.9M.
IDC Foundation Inc at a glance
In short: IDC Foundation Inc gave $1.4M across 8 grants in 2025 (avg $179K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,429,475
- +185.9% vs 2024
- Grants made (2025)
- 8
- +60.0% vs 2024
- Average grant
- $178,684
- +78.7% vs 2024
- Median grant
- $100,000
- Total assets
- $31,867,632
- +5.9% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who IDC Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was NY Institue of Technology ($600K across 2 grants). Together the top 6 received $1.4M.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was in the $100–250K range: 29 grants of 38 (76%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How IDC Foundation Inc gives
- Giving grew 26% from 2022 to 2025. Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $500K (2024) to $2.6M (2019). In 2025 it made 8 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NY Institue of Technology New York, NY | Establish NYIT SoAD IDC Foundation Institute for Design, Resaerch and Innovation. Advacing AI in Architecture. | $500,000 |
| Cooper Union New York, NY | AACE lab expansion/Solar Decathalon Vertically Integrated Project | $329,415 |
| Barnard College New York, NY | Barnard Design Center Programming | $100,060 |
| 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 |
Ready to take the next step with IDC Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $31,867,632 | $3,056,194 | $2,941,193 | $1,429,475 | 8 | $1,525,604 | $2,852,129 | $1,524,426 |
| 2024 | $30,096,832 | $2,261,826 | $788,061 | $500,000 | 5 | $602,134 | $2,076,068 | $1,380,598 |
| 2023 | $27,823,166 | $1,166,011 | $2,039,817 | $1,750,000 | 7 | — | $1,166,011 | — |
| 2022 | $27,063,530 | $1,892,547 | $1,449,551 | $1,133,650 | 8 | — | $1,892,547 | — |
| 2021 | $31,905,692 | $1,443,639 | $1,898,905 | $1,596,000 | 10 | — | $1,443,639 | — |
| 2020 | $28,437,660 | $1,031,808 | $935,805 | $650,000 | 5 | — | $1,031,808 | — |
| 2019 | $29,276,763 | $1,541,067 | $2,953,093 | $2,650,000 | 6 | — | $1,541,067 | — |
Under IRS private-foundation payout rules, IDC Foundation Inc reported a distributable amount of $1.5M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
IDC Foundation Inc is led by Raymond Savino, President & Treasurer since 2024 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Raymond Savino
President & Treasurer
President & Treasurer → President, 2021
President → President & Treasurer, 2024
On filings since 2019
No compensation reported
Carol Loewenson
Director
On filings since 2019
No compensation reported
Elizabeth Battista
Director
Director → Treasurer, 2021
Treasurer → Director, 2024
On filings since 2019
No compensation reported
Frank Fortino
Vice President & Secretary
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about IDC Foundation Inc
How much does IDC Foundation Inc give each year?
IDC Foundation Inc gave $1.4M across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $500K across 5 grants.
What is IDC Foundation Inc's typical grant size?
IDC Foundation Inc's median grant in 2025 was $100,000, and its average grant was $178,684, across 8 grants on its 2025 IRS Form 990-PF.
Where does IDC Foundation Inc give grants?
IDC Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (7 grants).
Does IDC Foundation Inc give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on IDC Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships/Fellowship" (5 grants).
Who are IDC Foundation Inc's largest grantees?
IDC Foundation Inc's largest 2025 grantees include NY Institue of Technology ($600,000 across 2 grants), Cooper Union ($429,415 across 2 grants) and Barnard College ($100,060), according to its 2025 IRS Form 990-PF. Together they received 79% of its itemized 2025 grant dollars.
How large is IDC Foundation Inc?
IDC Foundation Inc reported $31.9M in total assets on its 2025 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets).
What is IDC Foundation Inc?
IDC Foundation Inc is a private foundation focused on Education, based in Centerport, NY. It holds $31.9M in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS June 29, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 22, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work IDC Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in IDC Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
The Siezen Foundation
New York, NY
Assets
$2K
Grants
2
Total Given
$37K
New York Chapter of Corenet Global Inc
New York, NY
The New York chapter is a trade organtzation focused on education and providing a forum to discuss industry issues and develop solutions for corporate real estate executives in the New York area.
Assets
$989K
Grants
0
Total Given
$6K
The Mary Murrill Oakes Family Private Foundation
Pinehurst, NC
The foundation supports educational, scientific, religious, and other charitable work, with most of its giving in North Carolina and smaller amounts in New York, Virginia, and West Virginia. In 2025, it made 22 grants totaling $68,944, ranging from $250 to $26,694, with a median grant of $1,500. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$878K
Grants
22
Total Given
$69K
Interfaith America
Chicago, IL
Interfaith America funds leaders and institutions developing projects that strengthen pluralism and cooperation across religious and other differences, including work in higher education, civic life, and workplaces. Its 2025 grants ranged from $5,200 to $342,300, with a median of $15,000, and it supports work across the United States. It offers specific grant opportunities with application guidelines; the profile does not state whether it accepts unsolicited requests.
Assets
$47.0M
Grants
93
Total Given
$2.8M
The Pershing Square Foundation
New York, NY
The Pershing Square Foundation funds leaders and organizations addressing health and life-sciences, education, economic development, innovation, and other societal and environmental challenges, with much of its giving in New York and grants also made elsewhere in the U.S. Its 2024 grants ranged from $7,500 to $750,000, with a median of $250,000. It accepts contributions only for preselected organizations and does not accept unsolicited requests, though its prize programs have separate application processes.
Assets
$414.6M
Grants
56
Total Given
$10.9M
More similar funders
More Funders in New York
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from IDC Foundation 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.
IDC Foundation Inc down — hundreds of funders to go?