Martin & Toni Sosnoff Foundation

PALM BEACH, FL EIN: 22-2231640

Arts and culture Performing arts Dance Ballet Education

The Martin & Toni Sosnoff Foundation is a private family foundation based in Palm Beach, Florida. Established in 1978 in New York, the foundation operates as a 501(c)(3) tax-exempt organization and has been tax-exempt since October 1993.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.0M

-26.7% YoY

Annual Giving

$2.2M

-65.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$101K

-65.7% YoY

Under IRS private-foundation payout rules, Martin & Toni Sosnoff Foundation reported a distributable amount of $190K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation gives primarily for the performing arts, as well as for medical school education and hospital support. Specific funding interests include:

Arts and Culture

Performing arts
Dance and ballet

Education

Graduate and professional education
Medical education

Health

In-patient medical care
Hospital care

Grantmaking

The foundation does not appear to have published application guidelines or open grant opportunities in the available sources.

Grant Range

$350 to $4,350,000

Average Grant

$350 to $4,350,000

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Geographic Focus

Where this funder awards grants

The foundation funds initiatives across multiple U.S. states and regions, with documented activity in:

New York
Florida
Pennsylvania
District of Columbia

Specific cities where grants have been awarded include Annandale-on-Hudson, Boca Raton, Brooklyn, Rhinebeck, and Palm Beach.

Grant Distribution by State

New York $13.1M (86%)

Florida $2.1M (14%)

California $20K (0%)

District of Columbia $6K (0%)

Nebraska $3K (0%)

Pennsylvania $3K (0%)

States

California District of Columbia Florida Nebraska New York Pennsylvania

Cities

AnnandaleonhudsonBoca RatonBrooklynGarrisonHempsteadKennett SquareLake LuzerneLincolnLos AngelesMiami BeachNew YorkPalm BeachRhinebeckRiviera BeachWashingtonWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Most Recent Financial Data (2023)

Total assets: $6,864,234
Total revenue: $2,178,920
Total expenses: $6,631,972
Total liabilities: $0

Alternative Year Data (2024)

Total assets: $5,032,316
Total giving: $2,228,428

The foundation's expenses exceed its annual revenue, indicating it draws from accumulated assets to support its grantmaking activities.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,032,316	$6,864,234	$10,829,342
Revenue	$492,949	$2,178,920	$603,047
Expenses	$2,268,970	$6,631,972	$2,119,768
Qualifying Distributions	$2,228,428	$6,536,129	$2,052,253
Net Investment Income	$491,519	$494,479	$535,533
Distributable Amount	$189,704	$404,840	$571,132

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

114 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mount Sinai Health System ($700,000), New York Philharmonic ($333,000), The New York Eye & Ear Infirmary of Mount Sinai ($284,448).

Recipient	Purpose	Amount
ALZHEIMER DRUG DISCOERY FOUNDATION NEW YORK, NY	CHARITABLE	$7,600
ALZHEIMER'S ASSOCIATION NEW YORK, NY	CHARITABLE	$1,000
BARD COLLEGE ANNANDALEONHUDSON, NY	CHARITABLE	$250,000
BOCA RATON REGIONAL HOSPITAL FOUNDATION BOCA RATON, FL	CHARITABLE	$200,000
CHAMBER MUSIC SOCIETY OF PALM BEACH WEST PALM BEACH, FL	CHARITABLE	$54,644
EXTRAORDINARY CHARITIES WEST PALM BEACH, FL	CHARITABLE	$500
GEORGETOWN DAY SCHOOL WASHINGTON, DC	CHARITABLE	$1,500
HOFSTRA UNIVERSITY HEMPSTEAD, NY	CHARITABLE	$15,000
KRAVIS CENTER FOR THE PERFORMING ARTS WEST PALM BEACH, FL	CHARITABLE	$25,000
MIAMI CITY BALLET MIAMI BEACH, FL	CHARITABLE	$25,000

Leadership & Key People

Leadership team and compensation from IRS filings

The foundation is managed by trustees:

Martin Sosnoff — Trustee (serves without compensation)
Toni Sosnoff — Trustee (serves without compensation)

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARTIN SOSNOFF	TRUSTEE	1	—
TONI SOSNOFF	TRUSTEE	1	—

Recent News & Activity

Recent developments and announcements

The foundation has made significant contributions to healthcare institutions and educational programs:

Supported Northern Dutchess Hospital's $10 million capital campaign with a $2 million gift

NDH FOUNDATION LAUNCHES $10 MILLION CAPITAL CAMPAIGN WITH $2 MILLION GIFT

Made a $1 million gift to Boca Raton Regional Hospital

Martin and Toni Sosnoff Make $1 Million Gift to Boca Raton Regional Hospital

Provided funding to SOS Outreach for outdoor-based mentorship program scholarships

SOS Outreach to award $45,000 in scholarships for its outdoor-based mentorship

Subject Areas

Focus areas based on grantmaking activity

Arts and culture Performing arts Dance Ballet Education

Frequently Asked Questions

What does Martin & Toni Sosnoff Foundation fund?

The foundation gives primarily for the performing arts, as well as for medical school education and hospital support. Specific funding interests include: **Arts and Culture** • Performing arts • Dance and ballet **Education** • Graduate and professional education • Medical education **Health** • In-patient medical care • Hospital care

How do I apply for a grant from Martin & Toni Sosnoff Foundation?

**Financial Capacity** • Total assets: $5,032,316 to $6,864,234 (depending on filing year) • Total annual giving: $2,178,920 to $2,228,428 • Average grant size: $350 to $4,350,000 • Typical awards range from $1,000 to larger institutional gifts **Recent Major Gifts** • $2 million gift to Northern Dutchess Hospital Foundation (2014) — described as the single largest gift in the hospital's history • $1 million gift to Boca Raton Regional Hospital The foundation does not appear to have published a…

Where does Martin & Toni Sosnoff Foundation make grants?

The foundation funds initiatives across multiple U.S. states and regions, with documented activity in: • New York • Florida • Pennsylvania • District of Columbia Specific cities where grants have been awarded include Annandale-on-Hudson, Boca Raton, Brooklyn, Rhinebeck, and Palm Beach.

What size grants does Martin & Toni Sosnoff Foundation award?

In 2024, Martin & Toni Sosnoff Foundation awarded 22 grants totaling $2.2M — an average of about $101K per grant, based on its IRS Form 990 filings.

How much is Martin & Toni Sosnoff Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Martin & Toni Sosnoff Foundation reported a distributable amount of $190K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Martin & Toni Sosnoff Foundation's EIN?

Martin & Toni Sosnoff Foundation's EIN (Employer Identification Number) is 22-2231640. IRS Form 990 filing data is available on this page for 2020–2024.