The Massry Charitable Foundation Inc is a private foundation based in Albany, New York, established in 1994 and designated as tax-exempt since April 1995. The foundation operates as a grantmaking organization classified under the National Taxonomy of Exempt Entities (NTEE) as a private foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$48.7M
+14.7% YoY
Annual Giving
$3.4M
-13.7% YoY
Grant Count
54
-14.3% YoY
Avg Grant Size
$62K
+0.7% YoY
Under IRS private-foundation payout rules, Massry Charitable Foundation Inc reported a distributable amount of $3.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Education
- Health and human services
- Federated giving programs
- Jewish organizations
- Philanthropy, voluntarism, and grantmaking
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$10,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York and Maryland.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $48,692,660
- Total revenues: $9,706,101
- Total expenses: $3,476,634
- Total giving: $3,358,485
- Giving rate: 9.2% of assets
As of 2023:
- Total assets: $42.5 million
- Total revenues: $4.42 million
- Total expenses: $3.99 million
Revenue Composition (2024):
- Grants and contributions: $527,779
- Investment income and dividends: $1,711,222
- Net gain from sale of non-inventory assets: $7,467,100
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $48,692,660 | $42,463,193 | $42,037,392 |
| Revenue | $9,706,101 | $4,418,944 | $2,643,270 |
| Expenses | $3,476,634 | $3,993,143 | $3,441,561 |
| Qualifying Distributions | $3,358,485 | $3,892,033 | $3,299,201 |
| Net Investment Income | $9,060,173 | $3,832,678 | $1,970,547 |
| Distributable Amount | $3,546,193 | $3,220,435 | $3,103,256 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tosh American Friends of Bnai Levy ($650,000), Albany Medical Center ($302,385), Community Foundation ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 15 LOVE FOUNDATION ALBANY, NY | GENERAL | $10,000 |
| ACADEMY OF HOLY NAMES ALBANY, NY | GENERAL | $5,000 |
| ALBANY FUND FOR EDUCATION ALBANY, NY | GENERAL | $5,000 |
| ALBANY INSTITUTE OF HISTORY AND ART ALBANY, NY | GENERAL | $5,000 |
| ALBANY MEDICAL CENTER ALBANY, NY | GENERAL | $302,385 |
| ALBANY PRO MUSICA TROY, NY | GENERAL | $12,500 |
| ALZHEIMERS ASSOCIATION ALBANY, NY | GENERAL | $5,000 |
| AMERICAN CANCER SOCIETY LATHAM, NY | GENERAL | $7,500 |
| ARTS CENTER OF CAPITAL REGION TROY, NY | GENERAL | $5,500 |
| BAIS YAAKOV SCHOOL BROOKLYN, NY | GENERAL | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NORMAN MASSRY | PRESIDENT | — | — |
| MORRIS C MASSRY | VICE PRESIDENT | — | — |
| JULIE MASSRY KNOX | VICE PRESIDENT/SECRETARY | — | — |
Recent News & Activity
Recent developments and announcements
The Massry family has made significant philanthropic commitments to educational institutions in the Capital Region:
MASSRY FAMILY DONATES $2 MILLION FOR NEW SAINT ROSThe University at Albany announced a $5.25 million gift from the Massry family, described as the largest-ever gift to the institution
University at Albany Announces $5.25 Million Gift, Largest-Ever, from MassryThe University at Albany announced the naming of the Massry School of Business
University at Albany Announces $5.25 Million Gift, Largest-Ever, from MassryThe Massry Fellowship program supports students serving nonprofits
Massry Fellowship Helps Five Students Serve NonprofitsSaint Rose received a $2 million donation from the Massry family for new facilities
University at Albany Announces $5.25 Million Gift, Largest-Ever, from MassryContact Information
Address: 255 Washington Avenue Ext, Albany, NY 12205-5548
Telephone: 518-862-6600
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Massry Charitable Foundation Inc fund?
The foundation's giving priorities include: • Education • Health and human services • Federated giving programs • Jewish organizations • Philanthropy, voluntarism, and grantmaking
How do I apply for a grant from Massry Charitable Foundation Inc?
**Grant Activity:** • Made 78 grants in 2024 with total giving of $3,358,485 • Made 61 grants in 2023 with total giving of $3,891,333 • Typical grant awards range from $200,000 to $950,000 • Median grant size: $10,000 • Grant range: $1,000 to $708,000 **Recent Grant Recipients (2024):** • University at Albany Foundation: $950,000 • Albany Medical Center Group Organization: $302,385 • Community Foundation for the Greater Capital Region: $200,000 **Application Process:** The foundation does not a…
Where does Massry Charitable Foundation Inc make grants?
The foundation primarily funds organizations in New York and Maryland.
What size grants does Massry Charitable Foundation Inc award?
In 2024, Massry Charitable Foundation Inc awarded 54 grants totaling $3.4M — an average of about $62K per grant, based on its IRS Form 990 filings.
How much is Massry Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Massry Charitable Foundation Inc reported a distributable amount of $3.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Massry Charitable Foundation Inc's EIN?
Massry Charitable Foundation Inc's EIN (Employer Identification Number) is 14-1777179. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Massry Charitable Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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