New York Community Bank Foundation
The New York Community Bank Foundation is a corporate foundation established in 1997 and designated as a 501(c)(3) organization. Based in the Long Island area (with addresses listed in both Roslyn and Lindenhurst, NY), the foundation operates as the philanthropic arm of New York Community Bank and is committed to supporting community development and quality of life initiatives in the bank's service areas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$749K
-92.2% YoY
Annual Giving
$4K
-97.4% YoY
Grant Count
5
-90.7% YoY
Avg Grant Size
$820
-72.4% YoY
Under IRS private-foundation payout rules, New York Community Bank Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation is committed to providing grants designed to:
- Further community development
- Expand home ownership opportunities
- Provide access to affordable housing in local communities served by New York Community Bank
- Support community organizations that contribute to quality of life
The foundation supports organizations involved in the following areas:
- Arts and culture
- Education
- Health
- Hunger
- Human services
Grantmaking
The foundation supports various grant purposes including fundraiser support, general operating funds, event sponsorship, student support, and walk-a-thon support.
Grant Range
$300–$5,000
Average Grant
amount: Not specified in sources
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in New York, with particular emphasis on communities served by New York Community Bank, including Queens and Long Island areas.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023 (Most Recent Filing)
- Total assets: $9,642,923
- Total revenues: $1,427,432
- Total expenses: $711,833
- Total liabilities: $3,120,000
- Number of employees: 2
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $749,236 | $9,642,923 | $9,139,983 |
| Revenue | $3,158,490 | $668,052 | $714,300 |
| Expenses | $205,778 | $711,833 | $703,529 |
| Qualifying Distributions | $149,764 | $404,892 | $503,265 |
| Net Investment Income | $3,097,643 | $456,503 | $592,973 |
| Distributable Amount | $36,355 | $493,401 | $515,098 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
205 grants across all recorded years
Open Grants
1 open opportunity from New York Community Bank Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Babylon Citizens Council on the Arts (bacca) ($1,000), Wdn Resource Center ($1,000), Hofstra University ($750).
| Recipient | Purpose | Amount |
|---|---|---|
| BABYLON CITIZENS COUNCIL ON THE ARTS (BACCA) BABYLON, NY | 50TH ANNIVERSARY FUNDRAISING EVENT | $1,000 |
| CHRISTINA RENNA FOUNDATION LINDENHURST, NY | SUPPORT FUNDRAISER FOR CANCER RESEARCH | $600 |
| HOFSTRA UNIVERSITY HEMPSTEAD, NY | SUPPORT DIVERSITY DINNER FUNDRAISER | $750 |
| LI MUSEUM OF AMERICAN ART HISTORY & CARRIAGES STONY BROOK, NY | SUPPORT GALA | $750 |
| WDN RESOURCE CENTER MILLER PLACE, NY | WOMEN'S SUMMIT SPONSORSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN ADAMS | DIRECTOR | 2 | — |
| THOMAS CALABRESE | BOARD CHAIR | 2 | — |
| JAMES CARPENTER | DIRECTOR | 2 | — |
| DOMINICK CIAMPA | DIRECTOR | 2 | — |
| THOMAS CANGEMI | DIRECTOR | 2 | — |
| JOHN PINTO | TREASURER | 2 | — |
| JAMES O'DONOVAN | DIRECTOR | 2 | — |
| R PATRICK QUINN | SECRETARY | 2 | — |
| GEORGIANA REESE-BENATTI | DIRECTOR | 2 | — |
| MARIAN CONWAY | EXECUTIVE DIRECTOR | 37.5 | $51,087 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does New York Community Bank Foundation fund?
The foundation is committed to providing grants designed to: • Further community development • Expand home ownership opportunities • Provide access to affordable housing in local communities served by New York Community Bank • Support community organizations that contribute to quality of life The foundation supports organizations involved in the following areas: • Arts and culture • Education • Health • Hunger • Human services
How do I apply for a grant from New York Community Bank Foundation?
**Grant Activity (2023)** • Total grants made: 92 grants • Total giving: $160,250 • Typical grant range: $300–$5,000 • Average grant amount: Not specified in sources • Median grant amount: Not specified in sources **Recent Grant Examples (2023)** • Tiegerman School: $5,000 (Support Fundraiser Honoring J. O'Donovan) • Little Flower Children Family Services of New York: $5,000 (Innovation Fund) The foundation supports various grant purposes including fundraiser support, general operating funds, e…
Where does New York Community Bank Foundation make grants?
The foundation primarily funds organizations in New York, with particular emphasis on communities served by New York Community Bank, including Queens and Long Island areas.
What size grants does New York Community Bank Foundation award?
In 2024, New York Community Bank Foundation awarded 5 grants totaling $4K — an average of about $820 per grant, based on its IRS Form 990 filings.
How much is New York Community Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, New York Community Bank Foundation reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is New York Community Bank Foundation's EIN?
New York Community Bank Foundation's EIN (Employer Identification Number) is 11-3354472. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in New York Community Bank Foundation'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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