Mike and Sylvia Chase Family Foundation

NEW YORK, NY EIN: 31-1693023

Mike and Sylvia Chase Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 2 grants totaling $101K. Net investment income was $77.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$163K

+165.5% YoY

Annual Giving

$101K

+0.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$50K

+0.5% YoY

Under IRS private-foundation payout rules, Mike and Sylvia Chase Family Foundation reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Mike and Sylvia Chase Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

District of Columbia $201K (67%)

New York $101K (33%)

States

District of Columbia New York

Cities

New YorkWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$163,361	$61,540	$164,416
Revenue	$-1,760	$2,662	$2,167
Expenses	$106,957	$105,538	$58,324
Qualifying Distributions	$101,875	$100,000	$51,375
Net Investment Income	$77	—	—
Distributable Amount	$14,665	$17,748	$20,113

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Access ($50,500), Working America Education Fund ($50,000).

Recipient	Purpose	Amount
COMMUNITY ACCESS NEW YORK, NY	TO AIDE THEM IN CARRYING OUT THEIR EXEMPT PURPOSE	$50,500
WORKING AMERICA EDUCATION FUND WASHINGTON, DC	TO AIDE THEM IN CARRYING OUT THEIR EXEMPT PURPOSE	$50,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
STEPHEN H CHASE	PRESIDENT	0.25	—
CAROL OPPENHEIMER SIMON	VP/SECRETARY	0.25	—
MORTON SIMON	ASSISTANT VP	0.25	—
CAROL CHASE	ASSISTANT SECRETARY	0.25	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mike and Sylvia Chase Family Foundation?

Mike and Sylvia Chase Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $163K in total assets as of 2024.

How large is Mike and Sylvia Chase Family Foundation?

As of 2024, Mike and Sylvia Chase Family Foundation holds $163K in total assets with $-1,760 in annual revenue. It awarded 2 grants totaling $101K in 2024.

Where does Mike and Sylvia Chase Family Foundation operate?

Mike and Sylvia Chase Family Foundation has awarded grants in District of Columbia, New York.

What size grants does Mike and Sylvia Chase Family Foundation award?

In 2024, Mike and Sylvia Chase Family Foundation awarded 2 grants totaling $101K — an average of about $50K per grant, based on its IRS Form 990 filings.

How much is Mike and Sylvia Chase Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mike and Sylvia Chase Family Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mike and Sylvia Chase Family Foundation's EIN?

Mike and Sylvia Chase Family Foundation's EIN (Employer Identification Number) is 31-1693023. IRS Form 990 filing data is available on this page for 2019–2024.