Millennium Charitable Foundation
Millennium Charitable Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $13.0M in total assets. In 2024, it awarded 9 grants totaling $499K. Net investment income was $79K.
Millennium Charitable Foundation at a glance
In short: Millennium Charitable Foundation gave $499K across 9 grants in 2024 (avg $55K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $498,775
- +49777.5% vs 2023
- Grants made (2024)
- 9
- +800.0% vs 2023
- Average grant
- $55,419
- +5441.9% vs 2023
- Median grant
- $40,275
- Total assets
- $13,042,318
- +17.0% vs 2023
- Primary geography
- New York (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Millennium Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was City Harvest Inc ($150K). Together the top 9 received $499K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 6 grants of 10 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Millennium Charitable Foundation gives
- In 2024 it paid out 90% 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
From 2023 to 2024, annual grant giving ranged from $1K (2023) to $499K (2024). In 2024 it made 9 grants totaling $499K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City Harvest Inc Brooklyn, NY | General Operating Support | $150,000 |
| Harlem RBI Incorporated New York, NY | General Operating Support | $125,000 |
| Jericho Project New York, NY | General Operating Support | $80,000 |
| Minds Matter of NYC Inc New York, NY | General Operating Support | $65,000 |
| New York Cares Inc New York, NY | General Operating Support | $40,275 |
| Bottomless Closet New York, NY | General Operating Support | $30,000 |
| Fifth Avenue Presbyterian Church New York, NY | General Operating Support | $5,000 |
| Friends of the Underline Inc Miami, FL | General Operating Support | $2,500 |
| Project Renewal Inc New York, NY | General Operating Support | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $13,042,318 | $555,946 | $531,272 | $498,775 | 9 | $530,194 | $79,144 | $586,113 |
| 2023 | $11,146,033 | $16,579 | $52,573 | $1,000 | 1 | $52,573 | $16,564 | $514,897 |
| 2022 | $10,034,985 | $10,035,000 | $15 | — | — | $15 | — | $43,498 |
Under IRS private-foundation payout rules, Millennium Charitable Foundation reported a distributable amount of $586K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Millennium Charitable Foundation is led by Ajay Nagpal, Director & President on every filing since 2022; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ajay Nagpal
Director & President
On filings since 2022
1 hr/week
No compensation reported
Gil Raviv
Director & Secretary
On filings since 2022
1 hr/week
No compensation reported
Stacy Selig
Director
On filings since 2023
1 hr/week
No compensation reported
Justin Gmelich
Director
New on the 2024 filing
1 hr/week
No compensation reported
Linda Huang
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Millennium Charitable Foundation
How much does Millennium Charitable Foundation give each year?
Millennium Charitable Foundation gave $499K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1K across 1 grant.
What is Millennium Charitable Foundation's typical grant size?
Millennium Charitable Foundation's median grant in 2024 was $40,275, and its average grant was $55,419, across 9 grants on its 2024 IRS Form 990-PF.
Where does Millennium Charitable Foundation give grants?
Millennium Charitable Foundation gives mostly in New York: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (7 grants).
Does Millennium Charitable Foundation give general operating support?
Yes: 100% of Millennium Charitable Foundation's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Millennium Charitable Foundation's largest grantees?
Millennium Charitable Foundation's largest 2024 grantees include City Harvest Inc ($150,000), Harlem RBI Incorporated ($125,000) and Jericho Project ($80,000), according to its 2024 IRS Form 990-PF. Together they received 71% of its itemized 2024 grant dollars.
How large is Millennium Charitable Foundation?
Millennium Charitable Foundation reported $13.0M in total assets on its 2024 IRS Form 990-PF. It paid out $530K in qualifying distributions that year, against a required minimum of $586K (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.
What is Millennium Charitable Foundation's EIN?
Millennium Charitable Foundation's EIN (Employer Identification Number) is 88-2854166. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Live grants for the work Millennium Charitable Foundation funds
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