Millennium Charitable Foundation

Private foundation · Grantmaker New York, NY EIN: 88-2854166

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

City Harvest Inc: $150KCity Harvest Inc$150KHarlem RBI Incorporated: $125KHarlem RBI Incorporated$125KJericho Project: $80KJericho Project$80KMinds Matter of NYC Inc: $65KMinds Matter of NYC Inc$65KNew York Cares Inc: $40KNew York Cares Inc$40KBottomless Closet: $30KBottomless Closet$30KFifth Avenue Presbyterian Church: $5KFifth Avenue PresbyterianChurch$5KFriends of the Underline Inc: $3KFriends of the Underline Inc$3KProject Renewal Inc: $1KProject Renewal Inc$1K

The largest 2024 recipient was City Harvest Inc ($150K). Together the top 9 received $499K.

Grant Size Distribution

10 grants across all recorded years

6<$50K2$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 10 (60%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

New YorkBrooklynMiami

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

$0$200K$400K$600K0 grants2022 1 grant2023 9 grants2024

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

RecipientPurposeAmount
City Harvest Inc Brooklyn, NYGeneral Operating Support$150,000
Harlem RBI Incorporated New York, NYGeneral Operating Support$125,000
Jericho Project New York, NYGeneral Operating Support$80,000
Minds Matter of NYC Inc New York, NYGeneral Operating Support$65,000
New York Cares Inc New York, NYGeneral Operating Support$40,275
Bottomless Closet New York, NYGeneral Operating Support$30,000
Fifth Avenue Presbyterian Church New York, NYGeneral Operating Support$5,000
Friends of the Underline Inc Miami, FLGeneral Operating Support$2,500
Project Renewal Inc New York, NYGeneral Operating Support$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$13,042,318$555,946$531,272$498,7759$530,194$79,144$586,113
2023$11,146,033$16,579$52,573$1,0001$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

  1. IRS filings on file for fiscal years 2022–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Millennium Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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