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
Among its reported 2024 grants, the largest include The University of Utah ($94,636), Board of Regents of the University of Wisconsin System ($92,097), Trustees of Tufts College ($83,254).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW YORK UNIVERSITY NEW YORK, NY | RESEARCH | $48,372 |
| RESEARCH FOUNDATION OF CUNY NEW YORK, NY | RESEARCH | $10,745 |
| SANFORD BURNHAM PREBYS MEDICAL DISCOVERY INSITITUTE LA JOLLA, CA | RESEARCH | $61,499 |
| TRUSTEES OF TUFTS COLLEGE BOSTON, MA | RESEARCH | $83,254 |
| BOARD OF REGENTS OF THE UNIVERSITY OF WISCONSIN SYSTEM MADISON, WI | RESEARCH | $92,097 |
| ARIZONA STATE UNIVERSITY TEMPLE, AZ | RESEARCH | $45,825 |
| THE UNIVERSITY OF UTAH SALT LAKE CITY, UT | RESEARCH | $94,636 |
| RUTGERS THE STATE UNIVERSITY OF NEW JERSEY PISCATAWAY, NJ | RESEARCH | $22,158 |
| THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORK NEW YORK, NY | RESEARCH | $41,669 |
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
Frequently Asked Questions
What is New York Institute of Technology?
New York Institute of Technology is a nonprofit organization focused on Education, based in OLD WESTBURY, NY. It holds $586.7M in total assets as of 2024.
How large is New York Institute of Technology?
As of 2024, New York Institute of Technology holds $586.7M in total assets with $381.5M in annual revenue. It awarded 9 grants totaling $500K in 2024.
Where does New York Institute of Technology operate?
New York Institute of Technology has awarded grants in Arizona, California, Massachusetts, New Jersey, Nevada, New York, Pennsylvania, Utah, Wisconsin.
What size grants does New York Institute of Technology award?
In 2024, New York Institute of Technology awarded 9 grants totaling $500K — an average of about $56K per grant, based on its IRS Form 990 filings.
What is New York Institute of Technology's EIN?
New York Institute of Technology's EIN (Employer Identification Number) is 11-1788788. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in New York Institute of Technology's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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