Mile 20 Foundation Inc
Mile 20 Foundation Inc is a private foundation based in Rye, New York. In 2024, it made grants to organizations including universities, a cancer center, a food-service organization, a synagogue, and community-service nonprofits.
Key facts about Mile 20 Foundation Inc
In short: Mile 20 Foundation Inc gave $344K across 31 grants in 2024 (avg $11K), mostly in California. 74% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 83-2849913
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $344,338
- Grants made (2024)
- 31
- Average grant
- $11,108
- Median grant
- $500
- New grantees (estimate)
- 74% first-time grantees (23 of 31, 2024)
- Total assets
- $1,210,664
- Primary geography
- California (66% of itemized 2024 grant dollars)
- How to apply
- The foundation states that it does not restrict giving to preselected organizations. Full details ↓
- Deadline
- None.
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-11.1% YoY
Annual Giving
$344K
+77.3% YoY
Grant Count
31
+24.0% YoY
Avg Grant Size
$11K
+43.0% YoY
Under IRS private-foundation payout rules, Mile 20 Foundation Inc reported a distributable amount of $32K for 2024 — the minimum it must pay out in qualifying distributions.
Is Mile 20 Foundation Inc open to new grantees?
74%
first-time grantees, 2024
In 2024, 23 of 31 grantees (74%) were first-time recipients. First grants averaged $7K; repeat grants $22K. How we count
Medians: $500 first-time, $3K repeat.
- 16% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+4%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in a range of areas. For example, Soul Ryeders says it provides resources and community support to people in the New York tri-state area affected by cancer; Part of the Solution describes its work serving people in the Bronx with immediate needs and longer-term services; and the Challenged Athletes Foundation says it supports people with physical disabilities pursuing fitness and competitive athletics.
Grantmaking
In 2024, the foundation made 31 grants totaling $344,338. Grants ranged from $100 to $125,000, with a median of $500. Notable grants included $125,000 to UC Berkeley Foundation and $100,000 to University of California Berkeley Foundation, both for general support; $40,000 to Meals on Main St; $23,500 to Memorial Sloan Kettering Cancer Center; and $20,000 to Sinai Free Synagogue. Each of the latter three grants was also for general support.
Review Cycle
None.
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Geographic Focus
Where this funder awards grants
In 2024, 66% of grant dollars went to recipients in California, 31% to recipients in New York, and 3% to recipients in Virginia. The filing also lists recipients in Washington, DC, and North Carolina, with each state accounting for 0% of grant dollars.
Grant Distribution by State
Share of 2024 grant dollars across all 31 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $63K (2020) to $344K (2024). In 2024 it made 31 grants totaling $344K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Uc Berkeley Foundation ($125K). Together the top 10 received $336K.
Grant Size Distribution
106 grants across all recorded years
The most common grant size was under $50K: 98 grants of 106 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Uc Berkeley Foundation Berkeley, CA | General Support | $125,000 |
| University of California Berkeley Foundation Berkeley, CA | General Support | $100,000 |
| Meals on Main St Port Chester, NY | General Support | $40,000 |
| Memorial Sloan Kettering Cancer Center New York, NY | General Support | $23,500 |
| Sinai Free Synagogue Mount Vernon, NY | General Support | $20,000 |
| Charities Aid Foundation America Alexandria, VA | General Support | $10,000 |
| Part of the Solution Bronx, NY | General Support | $5,000 |
| Police Benevolent Association PC Rye, NY | General Support | $5,000 |
| Soul Ryeders Inc Rye, NY | General Support | $5,000 |
| Archbishop Stepinac High School White Plains, NY | General Support | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $1,210,664 | $338,065 | $489,841 | $344,338 |
| 2023 | $1,362,440 | $309,570 | $299,860 | $194,248 |
| 2022 | $1,352,730 | $218,445 | $452,943 | $309,699 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,210,664 | $1,362,440 | $1,352,730 |
| Revenue | $338,065 | $309,570 | $218,445 |
| Expenses | $489,841 | $299,860 | $452,943 |
| Qualifying Distributions | $460,018 | $272,516 | $314,949 |
| Net Investment Income | $337,845 | $307,631 | $80,451 |
| Distributable Amount | $31,606 | $44,622 | $123,061 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Adam Gibbs is listed as president, and Nicole Gibbs as treasurer.
Mile 20 Foundation Inc is led by Adam Gibbs, President since 2023 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Adam Gibbs
President
Officer → President, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Nicole Gibbs
Treasurer
Officer → Treasurer, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Adam Gibbs
Mailing address: 78 Island Drive, Rye, NY 10580
Phone: (212) 832-0400
Email: adam@theshadestore.com
Frequently asked questions about Mile 20 Foundation Inc
How much does Mile 20 Foundation Inc give each year?
Mile 20 Foundation Inc gave $344K across 31 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $194K across 25 grants.
What is Mile 20 Foundation Inc's typical grant size?
Mile 20 Foundation Inc's median grant in 2024 was $500, and its average grant was $11,108, across 31 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Mile 20 Foundation Inc that year got $7K on average.
Where does Mile 20 Foundation Inc give grants?
Mile 20 Foundation Inc gives mostly in California: 66% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (31%). The most frequent recipient cities were Rye, NY (7 grants), New York, NY (5 grants), Berkeley, CA (2 grants) and Port Chester, NY (2 grants).
Does Mile 20 Foundation Inc give general operating support?
Yes: 100% of Mile 20 Foundation Inc's 2024 grants with a stated purpose (31 of 31) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Mile 20 Foundation Inc's largest grantees?
Mile 20 Foundation Inc's largest 2024 grantees include Uc Berkeley Foundation ($125,000), University of California Berkeley Foundation ($100,000) and Meals on Main St ($40,000), according to its 2024 IRS Form 990-PF. Together they received 77% of its itemized 2024 grant dollars.
How large is Mile 20 Foundation Inc?
Mile 20 Foundation Inc reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $460K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).
What does Mile 20 Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in a range of areas. See mission & focus areas ↑
How do I apply for a grant from Mile 20 Foundation Inc?
The foundation states that it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Mile 20 Foundation Inc's EIN?
Mile 20 Foundation Inc's EIN (Employer Identification Number) is 83-2849913. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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