Last Resort Foundation

Private foundation · Grantmaker New York, NY EIN: 13-4158531

Last Resort Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $387K in total assets. In 2025, it awarded 2 grants totaling $25K. Net investment income was $33K.

Last Resort Foundation at a glance

In short: Last Resort Foundation gave $25K across 2 grants in 2025 (avg $13K), mostly in Texas. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$25,000
+0.0% vs 2024
Grants made (2025)
2
-33.3% vs 2024
Average grant
$12,500
+50.0% vs 2024
Median grant
$12,500
Total assets
$386,852
+0.1% vs 2024
Primary geography
Texas (60% 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 Last Resort Foundation funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Southern Methodist University: $15KSouthern Methodist University$15KChapel & York Foundation: $10KChapel & York Foundation$10K

The largest 2025 recipient was Southern Methodist University ($15K). Together the top 2 received $25K.

Grant Size Distribution

15 grants across all recorded years

15<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 15 grants of 15 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

New YorkBrooklynDallasOklahoma CityLong BeachSheffieldGeorgetownSimsburyWinston-Salem

How Last Resort Foundation gives

  • Giving fell 69% from 2022 to 2025. Method
  • In 2025 it paid out 73% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

$0$20K$40K$60K$80K5 grants2020 3 grants2021 5 grants2022 2 grants2023 3 grants2024 2 grants2025

From 2020 to 2025, annual grant giving ranged from $25K (2024) to $80K (2022). In 2025 it made 2 grants totaling $25K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Southern Methodist University Dallas, TXCharitable$15,000
Chapel & York Foundation New York, NYCharitable$10,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$386,852$41,048$40,739$25,0002$32,870$33,179$45,153
2024$386,543$31,732$45,467$25,0003$35,246$21,511$35,118
2023$400,278$-83,565$37,679$30,0002$33,800—$31,568
2022$521,522$-38,342$98,310$80,0005$89,387—$38,546
2021$658,174$113,180$37,098$27,5503$28,540$112,122$63,842
2020$582,092$283,254$66,601$64,0005—$279,601$42,223

Under IRS private-foundation payout rules, Last Resort Foundation reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Last Resort Foundation is led by Peggy Eve Gilder, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Peggy Eve Gilder

    President

    On filings since 2020

    3 hrs/week

    No compensation reported

  • Dan Norris

    Vice President & Secretary

    On filings since 2020

    3 hrs/week

    No compensation reported

  • Julie Wurts

    Treasurer

    On filings since 2020

    3 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "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 Last Resort Foundation

How much does Last Resort Foundation give each year?

Last Resort Foundation gave $25K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 3 grants.

How large is Last Resort Foundation?

Last Resort Foundation reported $387K in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Last Resort Foundation operate?

Last Resort Foundation has awarded grants in California, Connecticut, Massachusetts, North Carolina, New York, Oklahoma, Texas.

What is Last Resort Foundation's EIN?

Last Resort Foundation's EIN (Employer Identification Number) is 13-4158531. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Last Resort Foundation'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.

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