NEW YORK INSTITUTE OF TECHNOLOGY (NYIT) OFFERS VARIOUS DEGREE PROGRAMS, INCLUDING UNDERGRADUATE, GRADUATE, AND PROFESSIONAL DEGREES, IN MORE THAN 50 FIELDS OF STUDY, INCLUDING ARCHITECTURE AND DESIGN; ARTS AND SCIENCES; (CONTINUED ON SCHEDULE O)
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$586.7M
+33.1% YoY
Annual Giving
$500K
+138.4% YoY
Grant Count
9
+50.0% YoY
Avg Grant Size
$56K
+58.9% YoY
About New York Institute of Technology
Based on IRS filings
New York Institute of Technology is a nonprofit organization focused on Education, based in OLD WESTBURY, NY. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $586.7M in total assets. In 2024, it awarded 9 grants totaling $500K. Net investment income was $12.8M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $586,710,960 | $440,803,344 | $422,758,629 |
| Revenue | $381,498,402 | $352,214,770 | $372,691,826 |
| Expenses | $366,369,094 | $342,435,250 | $326,387,751 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $12,772,701 | $3,433,018 | $29,837,644 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Open Grants
1 open opportunity from New York Institute of Technology
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR HENRY FOLEY | PRESIDENT | 60 | $1,285,176 |
| PETER J ROMANO | CHAIRPERSON | 5 | — |
| DAN FERRARA | VICE CHAIR | 5 | — |
| MICHAEL J MERLO | VICE CHAIR | 5 | — |
| CATHERINE ALLEN | TRUSTEE | 5 | — |
| ANDREW BERNER | TRUSTEE | 5 | — |
| DOMENICK CHIECO | TRUSTEE | 5 | — |
| PHILLIP FASANO | TRUSTEE (THRU 09/2023) | 5 | — |
| PETER FERENTINOS | TRUSTEE | 5 | — |
| HENRY IERVOLINO | TRUSTEE | 5 | — |
| SANTHOSH KESHAVAN | TRUSTEE | 5 | — |
| JOHN KEVILLE | TRUSTEE | 5 | — |
| THOMAS VAN LAAN | TRUSTEE | 5 | — |
| TED MOUDIS | TRUSTEE | 5 | — |
| PATRICK O'SHAUGHNESSY | TRUSTEE | 5 | — |
| MONTE N REDMAN | TRUSTEE | 5 | — |
| DEBORAH VOGEL | TRUSTEE | 5 | — |
| ELI WACHTEL | TRUSTEE (AS OF 12/2023) | 5 | — |
| ROBERT A WILD ESQ | TRUSTEE | 5 | — |
| CATHERINE FLICKINGER | VP HR, GEN. COUNSEL & SECRETARY | 40 | $484,283 |
| BARBARA J HOLAHAN | VP FIN. AFFAIRS, CFO/TREASURER | 40 | $439,714 |
| EILEEN VALERIO | CONTROLLER & ASSISTANT TREASURER | 40 | $217,000 |
| JERRY BALENTINE | PROVOST & EXECUTIVE VICE PRESIDENT | 40 | $757,388 |
| NICOLE WADSWORTH | DEAN, COLLEGE OF OSTEOPATHIC MED. | 40 | $408,753 |
| JOSEPH POSILLICO | VP FOR ENROLL MGMT/STRATEGIC COMM. | 40 | $417,822 |
| BABAK DASTGHEIB-BEHESHTI | DEAN ENGINEERING SCHOOL | 40 | $350,586 |
| DONALD BOOTH | VP, CAPITAL PLANNING & FACILIITES | 40 | $308,223 |
| SHANE SPEIGHTS | SITE DEAN, COLLEGE OF OSTEOPATHIC MED. | 40 | $433,320 |
| PATRICK MINSON | VP DEV. & ALUM. RELATIONS & EXT AFF. | 40 | $373,070 |
| PENNIE TURGEON | VP OF IT & CIO | 40 | $406,249 |
| ANTHONY GERDES | PROFESSOR | 40 | $348,263 |
| NANCY BONO | ASSOC. DEAN CLINICAL REL. & OUTREACH /ASSOC. PROF | 40 | $315,116 |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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